Introduction
In today’s dynamic business environment, governance, risk, and compliance (GRC) have become critical pillars for organizational success. Understanding the GRC meaning and its integration into corporate frameworks is essential for building resilience and achieving long-term goals. This course offers an in-depth exploration of governance, risk, and compliance, emphasizing practical application, advanced strategies, and the role of GRC technology in streamlining processes.
Participants will learn to identify and address risks, ensure compliance, and design robust systems that adhere to global standards, such as the COSO guidelines. Whether you're looking to gain a GRC certification or deepen your understanding of GRC governance, this workshop provides the tools and insights to excel in this critical field.
Workshop Objectives
- Define governance, risk, and compliance (GRC) and understand its relationship with internal controls.
- Explore the roles and responsibilities of stakeholders in public and private organizations.
- Differentiate between various governance models and evaluate their functions.
- Identify risk areas and address changes in the internal and external business environment.
- Implement effective controls across different business cycles.
Workshop Outlines
Day 1: Governance Overview and Importance of Risk Management
- Definition of corporate governance and its scope.
- Principles of effective governance risk and compliance (GRC).
- Roles of the Board of Directors and Review Committees.
- Code of Conduct and its relevance in GRC governance.
Day 2: Stakeholders and Corporate Governance Functions
- Stakeholder roles in governance risk and compliance.
- Duties and rights of directors, auditors, and shareholders.
- Risks associated with CG failure and their impact.
- Key functions: Board independence, evaluation, disclosure, and transparency.
Day 3: Introduction to Compliance and Risk Management
- Definition and importance of compliance in GRC governance.
- Understanding compliance risks with practical examples.
- Objectives of risk management and their organizational significance.
- Exploring internal and external environmental changes.
- Areas of risk management: financial issues, health, safety, and operations.
Day 4: The COSO Framework for Risk Management
- Understanding the COSO framework: internal environment, goal setting, and risk identification.
- Risk response and control activities.
- Implementing controls across business cycles:
- Purchase and payment.
- Inventory and costs.
- Human resources and payroll.
- Sales and collection.
- Fixed assets lifecycle.
Day 5: Final Workshop and Practical Applications
- Applying GRC principles in real-world scenarios: successes and challenges.
- Best practices and case studies in governance risk and compliance certification.
- Leveraging GRC technology for modern applications and solutions.
- Insights from recent publications and industry advancements.
Why Attend This Course? Wins & Losses!
- Master the fundamentals of GRC governance, enhancing career prospects in fields like GRC analyst and compliance management.
- Gain actionable knowledge from case studies, success stories, and the latest tools.
- Achieve a competitive edge by earning a governance risk and compliance certification.
- Learn to implement GRC technology to optimize risk management and compliance processes.
Conclusion
Understanding and applying governance, risk, and compliance (GRC) effectively is no longer optional—it's a necessity for thriving in today’s complex business world. This course empowers professionals to become leaders in GRC governance, addressing challenges with confidence and precision.
Register now to elevate your expertise, achieve certification, and bring measurable benefits to your organization through the integration of governance risk and compliance technology. Your journey to mastering GRC governance starts here!
