The Effective Audit & Risk Committee – a Critical Pathway in the Governance Framework - December
The Effective Audit & Risk Committee – a Critical Pathway in the Governance Framework
An indicative agenda for a 4-hour Audit & Risk Committee (ARC) Risk training session designed for Audit & Risk Committee members, Board members, senior executives, Risk Managers, Heads of Risk and Chief Risk Officers.
The ARC plays an important function in any organisation and is a critical pathway in the governance framework.
This course will provide a framework of the purpose and key functions of an Audit & Risk Committee, particularly focussing on Committee responsibilities for effective, organisational risk management. This course provides practical tools and tips to make your committees more effective and successful.
This course is aimed at providing newly appointed non-executive directors and executive management with the skills and tools to be effective Audit and Risk Committee members. We will discuss and debate case studies to highlight strengths and weaknesses of ARC operations. Experienced committee members who think their existing committees could be strengthened might also find this course helpful.
We will ensure participants have an increased understanding of the key elements of a robust and practical enterprise risk management program, and their roles and responsibilities in the effective implementation of risk management.
1. Purpose of the Audit & Risk Committee
- Role of ARC and directors in the Governance Framework
- Oversight and monitoring
- Oversight of risk management framework, input into assessment of enterprise risks
- Oversight of financial reporting processes
- Monitoring of internal control and compliance,
- Monitoring of performance of auditors
- Reporting to the Board
- Audit and risk management charter
2. Risk Oversight and Management
- Risk Management Framework and ISO 31000
- Responsibilities of NEDs and Executive Management
- Understanding priority risks
- Routine and emerging risks
- Risk control effectiveness
- Risk Appetite
- Performance Measurement
3. How to Run ARC
- Tips and Tools - structures
- Case studies
Format of the Course
This course is delivered in an entirely online COVID-Safe format. The course is a total of 4 hours and incorporates suitable breaks.
TRAINERS: Earl Eddings, Managing Director, Riskcom
Earl has gained many years of experience in consulting to public and private enterprises, and project managed some of Australia’s largest risk management projects. He specialises in the review and design of governance reform and the design and implementation of strategic risk management programs that improve a company’s ability to manage risk and improve profitability.
He has developed effective organisational and risk management strategies and training programs for government and public & private clients in diverse industries including manufacturing, telecommunications, rail, automotive, finance, health, food, and transport.
Earl’s experience includes as former Chairman of Cricket Australia, Director of the International Cricket Council, Director of the Kerry Packer Foundation, and Director of ASX company MSL. Earl is a Fellow of Governance Institute of Australia and a Graduate of the Company Directors Course.
Michael MacLennan, Principal Consultant, Business Risk Solutions, Riskcom
Michael leads the Business Risk Management consulting services at Riskcom. He has 30 years’ experience as a risk management consultant, advising boards, and working closely with executive teams, operational and project groups, in successfully developing, and implementing, practical and tailored, risk management programs. This consistently leads to enhanced strategic planning, improved decision making, and greater organisational efficiencies and resilience.
In particular he specialises in:
- Risk policy, strategy and governance
- Risk framework review and development
- Risk identification, control assessments, and treatment plans
- Business Continuity Management
- Risk in Change
- Climate change risk and vulnerability assessment
Michael is a highly experienced risk workshop facilitator and workplace trainer. He works across all levels of government, the private sector, and not-for-profit organisations, and has delivered risk consulting projects across Australia and internationally.
Bronwyn Brownlee, National Client Manager, Riskcom
Bronwyn’s 20 plus years’ experience across multi risk disciplines brings a unique perspective and helps to ensure the Framework aligns with individual risk strategies contained and managed within the organisation (for example, risk transfer (insurance), compliance and statutory obligations).
Bronwyn has worked throughout Australia and in London and has extensive experience with multi-national and global clients. Bronwyn’s key strength is with large corporate clients whether they be publicly listed or privately owned. Her skills and expertise include:
- Risk Identification
- Risk Transfer
- Crisis Leadership and management
Bronwyn’s key strengths include:
- Evaluation, design, implementation and monitoring of risk programmes
- Project development and management
- Documentation review
Bronwyn’s experiences traverse many industry sectors and occupations; mining, aged care, financial institutions, universities, government defence programmes, not-for-profit organisations, government bodies, property owners, retail, and manufacturing to name a few.
Prior to joining Riskcom, Bronwyn worked as an insurance broker and presented to numerous Audit & Risk Committees in preparing for insurance programme design, negotiation, and placement. This experience brings to this course a perspective “from the other side.”
DATES & TIME:
10:00am - 2:30pm on Wednesday, 7 December 2022
AEDT = UTC +11:00 Daylight Saving
CPD Points: 6
PRICE: $1,732.50 incl.GST for Members
$2,310.00 incl. GST for Non-Members
When you register for this course you agree to the RMIA passing your registration details onto our Training Partner, Riskcom.
For Group Bookings please email firstname.lastname@example.org or call 0430 157 508.