Accredited Africa Training Institute for Capacity Development

Providing accredited training courses in South Africa
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Governance, Risk and Compliance (GRC)

Why Attend

Corporate governance and risk management are critical topics that have recently started attracting more attention in business schools and among legislatures, with this trend only increasing. While there are different models for corporate governance and risk management, all of them aim at organizing the relation between company and stakeholders and controlling risks effectively.  What is more important is the fact that ‘Governance, Risk Management, Compliance and Effective Internal Controls’ are all part of one system. Unfortunately, not all companies have this avant-garde look towards this system. This course includes discussions about board structure, committees, and their functions while covering the detailed process of managing risks as per the Committee of Sponsoring Organizations of the Treadway Commission (COSO) requirements. In addition, the course includes a discussion on internal controls that are used to respond to the risks in different areas of the corporation. Compliance is also covered per the latest developments.

Course Methodology

The course is built on presentations by the instructor and the participants and includes exercises and case studies to be discussed in the training.

Course Objectives

By the end of the course, participants will be able to:

  • Define corporate governance and its relation to risk management and internal controls
  • Discuss the roles and responsibilities of the various stakeholders in a private or public organization
  • List the functions of corporate governance and differentiate between the various models
  • Identify the areas of risk management and its internal and external environment changes
  • Identify the proper controls to be implemented in various business cycles

Target Audience

Board members, chief financial officers, senior management, directors, finance managers, financial controllers, accounting and finance personnel, legal counsel, corporate legal advisers, corporate secretaries, lawyers, external and internal auditors, HR managers, and department heads.

Target Competencies

  • Understanding the structure of the board of directors
  • Analyzing board committees
  • Improving risk monitoring and control
  • Assessing and analyzing risks
  • Controlling risks
  • Reporting risks
  • Advising on the GRC system

Location:

South Africa

Training Dates:

Each course starts every Monday of each week. Please book your training on a date that is a Monday.

Course Duration:

Unit Standard:

NQF Level:

Number of Credits:


Course Fees

Note: Please fill in the online application form on the left or bottom if this page to receive a quotation with detailed pricing from AATICD.

How to Apply:

To Apply Simply Fill in the Online Enquiries / Applications form on the Right Sidebar or Bottom of this website https://www.aaticd.co.za

NB: Terms and Conditions for Payment and Refunds

1.1. Full payment for the training workshop must be made at least 5 days before the scheduled workshop date.

1.2. Payment can be made via bank transfer, credit card, or any other agreed-upon method.

1.3. A confirmation of payment will be issued upon receipt of funds.

1.4. Any form of Payment means that trainee / delegate / client receiving the training accepts the training and agrees to these terms and conditions.

2. Cancellation and Refund Policy

2.1. Cancellations made 30 days or more before the workshop date will be eligible for a full refund, minus any administrative fees.

2.2. Cancellations made 15 to 29 days before the workshop date will be eligible for a 50% refund of the total payment.

2.3. Cancellations made less than 14 days before the workshop date will not be eligible for a refund.

2.4. Participants who fail to attend the workshop without prior notice will not be eligible for a refund.

3. Rescheduling

3.1. If a participant wishes to reschedule, a request must be submitted at least 14 days in advance, subject to availability.

3.2. A rescheduling fee may apply.

4. Workshop Cancellation by the Organizer

4.1. AATICD reserves the right to cancel or reschedule the workshop due to unforeseen circumstances, including but not limited to low enrolment, trainer unavailability, or force majeure events.

4.2. In the event of cancellation by AATICD, participants will be offered a full refund or the option to attend a rescheduled session.

4.3. AATICD is not responsible for any additional costs incurred by participants, such as travel or accommodation expenses.

5. Refund Processing

5.1. Approved refunds will be processed within 7 business days from the date of cancellation approval.

5.2. Refunds will be issued using the original payment method unless otherwise agreed.

6. Contact Information

For any questions regarding payments and refunds, please contact us at:

Email: apply@aaticd.co.za

Phone: +27 73 016 5042

By registering for the workshop, participants agree to abide by these terms and conditions.

In-House Trainings are also available for 3 or more delegates for any duration. Please consult with our Administration for such In-House training bookings.


Course Outline

  • Overview of governance, risk management, and internal controls
    • Definition of corporate governance
    • The scope of corporate governance
    • Essential corporate governance principles
    • Code of conduct
    • The board of directors
    • The audit committee
    • Other committees
  • Stakeholders in Corporate Governance (CG)
    • Stakeholders
    • Shareholders rights
    • Directors’ duties and rights
    • Internal auditors and external auditors
    • Risk-based decision making
    • CG failure effects
    • The efficient board
  • Functions of corporate governance
    • Independence of the board
    • Selection, remuneration, and evaluation of the board
    • Analyzing the current company’s CG system
    • Disclosure and transparency
  • Introduction to compliance
    • Definition of compliance
    • Importance of compliance
    • Practical examples of compliance
    • Risks of compliance
  • Enterprise Risk Management
    • Risk perception
    • Why should we care about risk
    • Internal environment changes
    • External environment changes
  • Risk management areas
    • Strategic
    • Operations
    • Reporting
    • Financial
    • Health and safety
  • Risk management process per COSO guidelines
    • Internal environment
    • Objectives setting
    • Event identification
    • Risk assessment
    • Risk response
    • Control activities
    • Information and communication
    • Risk monitoring
  • Implementing controls in business cycles
    • Controls in the purchase and payment cycle
    • Controls in inventory and costing cycle
    • Controls in HR and payroll cycle
    • Controls in sales and collection cycle
    • Controls in fixed assets life cycle

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