Introduction to risk management and control

Overview

You are joining an internal control and risk management department. This 100% face-to-face training course will enable you to acquire the essential knowledge base for a global and dynamic vision of the approach, and to define the structuring documents. The concepts presented are a prerequisite for access to the other training courses.

LEVEL: beginner

Target Audience

Internal controllers, internal control coordinators, internal control correspondents, operational staff, managers, risk management players

Course Objective

• Understand the objectives, role and scope of internal control in controlling an organization's activities. 
• Know the key internal control models (COSO, AMF standards, COSO ERM risk management, ISO 9000). 
• Identify the role and interactions between the major players in risk management.
• Familiarize yourself with the structuring documents of internal control.

Course Content

• Internal control: objectives and definitions: 
  • COSO modeling, the three lines of control. 
• Risk management: 
  • COSO ERM (Enterprise Risk Management), COSO Fraud, risk management in ISO 9001. 
• Contributors to activity control: 
  • Internal audit, external audit, risk management, quality, inspection, compliance, the internal control function, insurance.
• The positioning of the internal control function and the roles of internal controllers: 
  • The organization of internal control (levels one and two), the complementarity of the two levels, the risk management system, the internal control charter. 
• Key internal control documents: 
  • Internal control procedures, risk-control matrix, risk mapping, control plan, control sheet, risk sheet. 
• Internal control glossary: 
  • Key internal control terms, COSO glossary 2013.