Risk Management, Internal Control and Internal Audit

Hilton Trinidad and Conference Centre, Port of Spain,
10th -12th April 2019

Risk Management, Internal Control and Internal Audit

Understand the key factors for effective risk management with integration of internal control and internal audit best practice

Whether it be planning for strategic shocks such as changing trade relationships and regional regulators imposing new compliance requirements, or local initiatives to respond to data protection or the day to day management of operational risks, organizations need be proactive in identifying the risks they face and respond to them appropriately.

Across all sectors, private, public and others, organizations are putting in place enterprise risk management frameworks to derive benefits from a more systematic approach and respond to these challenges. In all cases, the risk culture needs to be supported with an effective control framework and a strong internal audit team is essential to the success of this.

This three-day course addresses the interlocking areas of risk management, internal control and internal audit, drawing upon international best practices and Standards. It examines, contrasts and compares risk management approaches as formulated by COSO and ISO 31000. We will discuss the integration of risk management with internal control and the creation of a world class internal audit function. Finally, we consider and apply best practices set through the Standards issued by the Institute of Internal Auditors (IIA).

Topics covered include updates on the recent revisions to COSO ERM Framework and ISO 31000; why use enterprise risk management; approaches to enterprise risk management; the IIA Standards to be implemented as best practice; managing the internal audit function; risk assessment and evaluation of internal controls design and testing their operating effectiveness.

The course will review the authoritative guidance and look at its practical application. We will draw on real life case studies and participants’ experiences to examine and discuss the issues and show how to apply the guidance.

Learn from world class expert

Alan Mayo, Director, Maltway Ltd, UK

  • FCA Chartered accountant from the UK
  • Member of the Institute of Internal Auditors
  • Thirty years of successful professional experience in a ccounting, audit, risk and performance management sector
  • Worked as external auditor at PwC London and Paris for 10 years
  • Co-founded the client training business of PwC London
  • Has worked on a wide range of financial training projects on risk and audit


“Clear linkage between risk and control” “Thought provoking & helpful”
“Alan’s training is a big help in identifying the issues to focus on for the coming year”
“Very informative and focused on controls” “ Good discussions & real life examples”
“A well-organized training! Alan is a good teacher who presents in- depth materials and concrete examples with easy to understand English for full understanding of what was being presented”
“Useful short punchy presentations”

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

Course Outline

Day 1

Risk management
Case study: review of risk policy
Internal control framework
Establishing a Risk Management Framework
ISO 31000: 2018
Risk assessment and response
Case study: assessing strategic and operational risks
Risk treatment and internal controls
Case study: identifying suitable controls

Day 2

Operationalizing risk management
Case study: creating and using risk registers
Internal audit
Creating internal audit function
Case study: developing audit committee reports
Code of ethics
IIA Standards
Case study: developing an internal audit charter
Performance standards
Case study: prioritizing audit engagements

Day 3

Types of Internal Audit Services
Engagement planning; practical application
Engagement procedures; practical application
Case study: developing detailed audit procedures
Working papers and reporting
Case study: preparing audit reports
Developing the audit function
Case study: review of a quality audit improvement plan
Wrap up of 3-day course

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

About Your Expert Trainer

Alan Mayo, Director, Maltway Ltd, UK

Alan Mayo FCA is a chartered accountant from the UK and a member of the Institute of Internal Auditors with 30 years’ professional experience. Alan began his career with PwC where he spent 10 years consulting and managing external audits in the private sector.

After that he spent a further 10 years as a consultant with PwC leading training programs supporting major systems and process change, predominantly in the public sector.

On leaving PwC Alan formed his own training business which he has been running for the past 15 years. During that time he has worked on a wide range of financial training projects within the private, public and not-for-profit sectors.

Alan has conducted training courses worldwide covering aspects of risk management, internal control, operational and financial control, countering risk of fraud, financial reporting and audit for numerous organizations including Shell and Government Agencies such as London Boroughs of Lambeth and Ealing Council etc.

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

Attendees include but not limited to:

  • Managers with responsibility for setting up or managing risk management functions in private, public and not-for-profit sectors
  • Risk managers operating in the private, public and not-for-profit sectors
  • Internal auditors operating in the private, public and not-for-profit sectors
  • Managers of teams who want to know what to expect from an internal audit visit
  • Qualified Internal Auditors and risk managers who need a refresher or upgrade course
  • Those returning to working in risk management or internal audit
  • Personnel who needs a better understanding on risk management and the internal audit role

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

Upon completion of this course, you will improve your knowledge and practical application of:

  • The use of the COSO ERM framework and ISO 31000 in supporting a structured approach to risk management
  • The changes made to the COSO ERM framework in 2017
  • The changes made to ISO 31000 in 2018
  • The benefits of a coordinated, systematic approach to risk management
  • How risk management should be devolved through the organization
  • Why risk management is so difficult to embed successfully
  • How to structure the relationship between operational risk managers, the risk management function and internal audit
  • The key international standards for internal audit
  • How to effectively structure the internal audit department
  • How the internal audit department add values to the organization
  • Why some internal audit departments fail to deliver effective assurance
  • How internal audit effectiveness is measured

Teaching Method

  • Live group instruction in a workshop format
  • Extensive use of real-world samples, documents, case studies and exercises
  • High level of attention to individual participants
  • Interactive participation is encouraged
  • All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials

Certificate of Attendance
Upon the successful completion of this course, you will receive a Certificate of Attendance bearing the signatures from the Facilitator and the Course Organizer. This Certificate will testify your endeavor and serve towards your professional advancement.

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

Knowledge Partner

Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of Latin America, the Middle East, Asia, and Africa.

OBG offers comprehensive analysis of macroeconomic and sectoral developments, including banking, capital markets, energy, infrastructure, industry and insurance.

OBG’s acclaimed economic and business reports are the leading source of local and regional intelligence, while OBG’s online economic briefings provide up-to-date in-depth analysis. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms operating in these markets and those looking to enter them.

Event Endorser

MCLI was established in 2004 by infrastructure investors, users and service providers on the Maputo Corridor to address constraints hindering freight movement and to market the viability of the corridor for regional trade. Its partnership of public and private sector members and proactive role has resulted in visibility, credibility and acknowledgement as a model corridor management institution.

Resulting from investment in key infrastructure, the corridor has been a powerful instrument of regional and economic integration; with over $5billion invested in the region since its inception, resultant capital flow has provided sustained economic growth on the corridor in recent years.

Inherent to MCLI’s success is its leveraging of relationships at the highest level to pursue its vision of a cost effective, reliable logistics route. www.mcli.co.za

Media Partners

CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users which have experienced products and services first-hand and have an interest in letting other potential buyers their thoughts on their experience. CrowdReviews.com is driven by an algorithm allowing for both customers and providers of products and services to understand how the rankings are determined. The service can be used by potential buyers to learn more about their vendors prior to making a purchasing decision

Voicesofleaders is a global business network for top executives and companies to Meet, Share and Grow.

We empower entrepreneurs, sme’s and large businesses to succeed by providing customized business profiles by building brand reputation, boosting business potential while increasing business networking among members of VL leaders network.

The customized Business profiles allow you to: Meet top executives across a wide variety of industries, sectors and countries. Share, your business needs among members looking for specific business opportunities Grow your business network at a local and international level while increasing the possibility of creating synergies, finding partners and investors.

Proudly African is an initiative of Global Village Africa which is a marketing and business platform geared towards showcasing and harmonising Africa’s development, trade and cultural diversity to a global audience.

This is where the BEST OF AFRICA in business, government and non-profit organisations unite, promoting their vision and best practice in order to find the right customers, partnerships and joint ventures – in order to grow alongside the continent’s indisputable economic potential.

The initiative has an unstoppable magnetic presence with its ever growing country and sectoral window already in over 20 African states. We invite all leaders in business and government across Africa to showcase and integrate their visions and activities so as to promote inter-Africa trade, investment and technology transfer from around the globe

The www.gvpedia.com site was launched in 2008 so the success stories from the Best of the World print publications could all feature on an online platform. We have more than 5000 pages live and growing fast. In July 2009 we launched a partnership programme and an eBook library to GVPedia which has opened up the scope for new publishing partnerships beyond the ‘Best of Series’ with complementary books and magazines that focus on travel and business from around the world.

The Partnerships Bulletin, PPP Bulletin and P3 Bulletin are a series of magazines and websites providing in-depth updates on partnership working between the public and private sector to procure, build and manage public infrastructure.

Each hard-copy edition of P3 Bulletin (Americas) and Partnerships Bulletin (UK) includes news, interviews with the top industry figures, in-depth market reports on partnership sectors and industry authored articles covering transport, waste, education, healthcare, housing, courts and leisure. Plus, the magazine includes a Business Leads section – giving you information about projects before they are even advertised.

Subscription to all three websites also gives you unlimited access to constantly updated news stories, features and searchable Project Tracker.

The websites and magazines are essential reading for industry professionals to help them make informed decisions and remain at the cutting edge of partnerships and infrastructure business information.

Africa Investor (Ai) is a specialist investment communications firm advising governments, international organisations and businesses on communication strategies for capital market and foreign direct investments in Africa. Africa investor publishes Africa investor, the leading international newsstand magazine for Africa’s investment decision makers; maintains the Ai40 Investors’ Index, hosts the Ai Institutional Investment Summit & Awards, Ai Investment Climate Summit and Investments and Business Leader Awards and the Ai Infrastructure Investment Summit & Awards, among other events.

Animus provides an overview of Sustainability activities in Africa and the direction that has been taken by most companies. The magazine uses the CSR analysis approach to validate the sustainability of various projects underway at any stage of implementation. We provide the much needed platform for sharing best practice with a growing sustainability network. www.animus-csr.com

Africa Monitor is internationally recognised as providing essential information for anyone doing business in, or with Africa. The publication provides subscribers with systematic political risk assessment, economic forecasts and business analysis for every country across the region.

Published by Business Monitor International, the emerging market specialists, Africa Monitor is broken down into four sub regional publications, of which any combination can be subscribed to. The Middle East and Africa Monitor website http://www.meamonitor.com/ includes ALL the content from the publications, a 24-month archive, and gives the added flexibility of exploring that content by country, topic or keyword.

Our publications are subscribed to by over 50% of the Global Fortune 500 companies. Why not take the time to find out why? Click here to visit http://www.meamonitor.com/ for a FREE trial, or call Tel: +44 (0) 20 7246 1403.

Live Trading News is constantly updated to bring you top market news from around the world. It is produced by dedicated staff in Hong Kong working with colleagues in Asia and the United States. We also handpick articles from the world’s top market blogs, money managers, financial experts and investment newsletters.

Live Trading news gives voice to our readers, providing access to the most savvy and experienced investors.

Our site is a free, online source for stock quotes and research. Live Trading News differs from other finance sites because we focus on what, when, and how. What to buy, when to buy it and how to trade it. We deliver opinion and analysis rather than just all news, written exclusively by other investors and traders who describe their personal approach to stock selection and portfolio management, rather than by journalists. Live Trading News features the latest multimedia technologies from online digital magazines to searchable archives of news features and background information.

Clocate.com is a leading search engine and directory for worldwide conferences and exhibitions.

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

t: +1 868 624 3211
f: +1 868 625 9710
e-mail: reservations.trinidad@hilton.com
1B Lady Young Road, Belmont
Port of Spain
Trinidad, W.I

Kindly contact us for a booking URL and instructions to book guest room at special corporate room rate, if you stay at the course venue hotel.

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