Master Class Corporate Governance, Risk & Compliance
This Master Class provides a broad view on the adjoining areas of governance, risk & control and compliance, control & assurance. The program covers the latest insights both from a theoretical and a practical point of view.
This Master Class addresses the basic concepts in internal control, corporate governance and auditing. Addressed in the curriculum are:
The main building blocks and ingredients of an internal control system such as the COSO and ERM frameworks;
The quality of information framework;
The value cycle;
Essential preventive and detective controls and IT controls;
These elements will be used to build internal control systems relating to the core business processes such as sales, purchasing, inventory management and production;
Based on the key elements of internal control, the master class will deal with important aspects of corporate governance, including social responsibility, accountability, transparency, fairness, oversight, risk, ethics and incentives;
By diagnosing corporate governance problems in real-life cases, the course first addresses the overall significance and scope of these problems, as well as their possible causes and consequences;
Subsequently, the course deals with possible ways to alleviate corporate governance problems, including incentive systems and monitoring by boards of directors, shareholders, creditors, auditors, analysts, investment banks and rating agencies;
Finally, the Master Class will discuss the different types of auditing and assurance services (e.g. internal audit, external audit, IT audit, assurance on big data). The focus of the master class is on external auditing and introduces the audit process, as well as the elementary auditing techniques, including the basics of the use of data analytics. Risk assessment and fraud detection will receive particular attention in the discussion of the audit process.
After attending this master class, participants will be able to understand, to apply and to integrate the basic concepts of governance, internal control and assurance. More specifically, the following learning objectives are addressed:
Understanding the basic theoretical concepts of Audit & Assurance;
Applying the necessary audit tools in an internal and/or external audit;
Identifying and understanding the contemporary developments in the Audit & Assurance environment;
Understanding the basic theoretical concepts of Corporate Governance;
Building the essential ingredients of Corporate Governance into organizations;
Applying the Corporate Governance Framework in practice;
Understanding the basic theoretical concepts of internal control;
Applying essential internal controls to the processes of an organization;
Evaluating IT controls;
Applying the COSO framework to different types of organizations.
Our experienced faculty will coach and assist you during this program. All of them have an academic career (master, PhD or DBA) and international experience in terms of career, research, project management, advisory boards and/or consulting. Many of them have published about their practice-based research, business cases and management experiences. Our faculty are experts in executive education, tailor-made programs and business consultancy.