Name: Governance, Risk and Compliance (GRC)
Start: 2021-12-26
End: 2021-12-30
Location: Dubai

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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.

List of Certified Courses

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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