Risk Management and Internal Controls (Part 2)
Presenters : Lettie Janse van Vuuren CA(SA)
Overview
This webinar builds on Part 1 of the series which explored the fundamentals of risk identification, assessment and management. Part 2 focuses on the practical application of these principles through the design, implementation and evaluation of internal controls.
Through practical examples, case studies and control assessment tools, this session will equip participants with a deeper understanding of control design, performance monitoring and continuous improvement within the risk management process.
Join Lettie Janse van Vuuren CA(SA) as she explains how internal controls can strengthen governance structures, enhance accountability and prevent fraud and error.
Learning objectives
Attending this webinar will equip you with the following skills:
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Build on the knowledge obtained from Part 1 regarding risk assessment and risk management;
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Design and implement effective internal controls aligned with organisational risks;
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Evaluate control systems for weaknesses and recommend improvements;
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Apply risk mitigation strategies to real-world business challenges; and
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Use case studies and tools (control checklists, KPIs) to provide value-added advisory services.
Content
The webinar will cover the following topics:
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Introduction: Where did we end with Part 1 of this webinar series?
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Linking internal controls to identified risks
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Principles of effective control design, with focus on:
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Segregation of duties
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Authorisations
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Reconciliations
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Technology and data analytics in controls
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Selecting appropriate control activities for specific risks
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Balancing cost vs benefit of controls
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Key performance indicators (KPIs) for risk management
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Continuous improvement cycle and lessons learned
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Case studies walk-through
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Conclusion.
