Back to All Events

Riskcom | The Effective Audit & Risk Committee – A Critical Pathway in the Governance Framework

Course Details

Duration: AEST (UTC+10:00)
9:00am - 12:00pm - Wednesday, 23 June 2025

Venue:
Online

Costs:
RMIA Members $660.00 (incl GST)
Non-Members $770.00 (incl GST)

CPD Points: 3


About The Course

An indicative agenda for a 3-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.

Topics Covered

  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

    • Reporting

    3.    How to Run ARC 

    • Tips and Tools - structures

    • Case studies 


Group Bookings: For Group Bookings, please contact us via email on pdp@rmia.org.au or by phone on 1300 775 648.

When you register for this course you agree to the RMIA passing your registration details onto our Training Partner, Riskcom.

Previous
Previous
30 July

International Day of Friendship

Next
Next
8 August

Risk 2 Solution | Graduate Diploma in Organisational Resilience, Risk and High Reliability (11066NAT) | Unit 2 schedule