Governance, Risk and Compliance (GRC) Training Courses - Dubai | Meirc
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Auditing and Governance, Risk and Compliance

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 latest developments.

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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 advisors, 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
  • 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 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 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

Meirc Professional Certificate (MPC)

MPC certified courses by Meirc Training and Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an MPC course and successfully complete the test on the last day, will receive a Meirc Professional Certificate (MPC), in addition to the one they receive for attendance. MPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

MPC

National Association of State Boards of Accountancy (NASBA)

Meirc Training & Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.learningmarket.org

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Associations
Per participant - 2019

USD 4,800

Per participant

USD 4,900

Fees + VAT as applicable

Tax Registration Number : 100239834300003

(including coffee breaks and a buffet lunch daily)

2020 - Location & Date

15 - 19 Nov, 2020
Dubai
English
Media Rotana         
27 - 31 Dec, 2020
Dubai
English
The Address Dubai Marina 
Meirc reserves the right to alter dates, content, venue and trainer.

2021 - Location & Date

30 May - 3 Jun, 2021
Dubai
English
14 - 18 Nov, 2021
Dubai
English
26 - 30 Dec, 2021
Dubai
English
Meirc reserves the right to alter dates, content, venue and trainer.

This course is also offered in Virtual Learning, click on the course below.