Course Detail(RM131 : A Practitioner’s Guide to the COSO “Enterprise Risk Management (ERM) Framework” and COSO “Internal Controls – Integrated Framework”)

RM131 : A Practitioner’s Guide to the COSO “Enterprise Risk Management (ERM) Framework” and COSO “Internal Controls – Integrated Framework” NEW

7.00 CPE Hours (Others)
Classroom


Programme Objective
 
To introduce and equip users to be able to apply various COSO frameworks in use by industry practitioners for corporate governance, risk management and assurance activities.
 
At the end of the seminar, participants will:

  • Understand key COSO frameworks, including an appreciation of the framework development through supplemental case studies.
  • Apply theory through a hands-on case study whereby participants will build an ERM model and internal control framework based on COSO.
  • Be introduced to emerging topics of interest with an impact on COSO – Cyber security, Big Data, Automation and Artificial Intelligence.

Programme Outline

1. Background

a. What is COSO?
b. Timeline release of various frameworks on internal control
c. Introduction to COSO “Enterprise Risk Management (ERM)”.
d. Introduction to COSO “Internal Controls – Integrated Framework” and discussion on how is it different from Enterprise Risk Management.
e. Development of the Integrated Framework and its evolution
f. Other complementary frameworks – Cadbury Report, CoCo, COBit and others
g. How above frameworks link Enterprise Risk Management (ERM) and internal controls to an organization’s business objectives
 
2. COSO Enterprise Risk Management
a. Definition of ERM (COSO)
b. Introduction to the components of ERM framework
c. Case study to illustrate how a company runs its ERM exercise
 
3. COSO Internal Controls – Integrated Framework
a. Introduction to the 2013 COSO “Internal Controls – Integrated Framework”
b. Introduction to the 5 key elements of the 2013 COSO “Internal Controls – Integrated Framework”
c. Case study to illustrate how a company adopts the above frame framework to report on the state if its internal controls
 
4. Introduction to Singapore Code of Corporate Governance (Excerpt only)
a. Introduction to Board’s responsibilities with respect to Principle 11, 12 and 13
b. Case Study (presented by Facilitator)
 
5. Integrated Practice Case (integrating Singapore Code of Corporate Governance (CG) , COSO ERM Framework and COSO Internal Controls – Integrated Framework
a. Participants will be divided into different roles – BOD, Audit Committee, Chief Risk Officer, Chief Internal Auditor, Chief Executive Officer (CEO), Chief Financial Officer (CFO) and External  Auditor
b. Purpose of Practice Case is for participants to experience end-to-end on how CG Code, COSO ERM Framework and COSO Internal Controls – Integrated Framework are related and operate in practice
 
6. Other topical discussion
a. SOX and COSO
b. Big data and ERM
 
Training Methodology
Lecture style, with case studies and break-out sessions, Q&A and sharing.
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

This intermediate to advanced level programme is designed for middle management charged with risk management, internal controls and assurance responsibilities for their organizations.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

15 Dec 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Rajesh Punjabi

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Rajesh Punjabi

Rajesh has more than 17 years experience in finance and assurance. Currently, Rajesh is the Head of Internal Audit with Dairy Farm Singapore where he leads Internal Audit, Investigation and IT Audit activities for the Food, Health and Beauty businesses, covering a retail landscape of more than 600 retail outlets across multiple sales channels.

Previously, he has spent several years in senior positions in Finance, Internal Audit and Compliance with leading companies such as Shell, British American Tobacco and PwC. Notably, he led multi-functional teams leading complex multi-year business process re-engineering projects across Asia-Pac and internal audits globally. He was also a member of several Audit Committees of listed companies in his internal audit capacity.   
 


Programme Objective
 
To introduce and equip users to be able to apply various COSO frameworks in use by industry practitioners for corporate governance, risk management and assurance activities.
 
At the end of the seminar, participants will:

  • Understand key COSO frameworks, including an appreciation of the framework development through supplemental case studies.
  • Apply theory through a hands-on case study whereby participants will build an ERM model and internal control framework based on COSO.
  • Be introduced to emerging topics of interest with an impact on COSO – Cyber security, Big Data, Automation and Artificial Intelligence.

Programme Outline

1. Background

a. What is COSO?
b. Timeline release of various frameworks on internal control
c. Introduction to COSO “Enterprise Risk Management (ERM)”.
d. Introduction to COSO “Internal Controls – Integrated Framework” and discussion on how is it different from Enterprise Risk Management.
e. Development of the Integrated Framework and its evolution
f. Other complementary frameworks – Cadbury Report, CoCo, COBit and others
g. How above frameworks link Enterprise Risk Management (ERM) and internal controls to an organization’s business objectives
 
2. COSO Enterprise Risk Management
a. Definition of ERM (COSO)
b. Introduction to the components of ERM framework
c. Case study to illustrate how a company runs its ERM exercise
 
3. COSO Internal Controls – Integrated Framework
a. Introduction to the 2013 COSO “Internal Controls – Integrated Framework”
b. Introduction to the 5 key elements of the 2013 COSO “Internal Controls – Integrated Framework”
c. Case study to illustrate how a company adopts the above frame framework to report on the state if its internal controls
 
4. Introduction to Singapore Code of Corporate Governance (Excerpt only)
a. Introduction to Board’s responsibilities with respect to Principle 11, 12 and 13
b. Case Study (presented by Facilitator)
 
5. Integrated Practice Case (integrating Singapore Code of Corporate Governance (CG) , COSO ERM Framework and COSO Internal Controls – Integrated Framework
a. Participants will be divided into different roles – BOD, Audit Committee, Chief Risk Officer, Chief Internal Auditor, Chief Executive Officer (CEO), Chief Financial Officer (CFO) and External  Auditor
b. Purpose of Practice Case is for participants to experience end-to-end on how CG Code, COSO ERM Framework and COSO Internal Controls – Integrated Framework are related and operate in practice
 
6. Other topical discussion
a. SOX and COSO
b. Big data and ERM
 
Training Methodology
Lecture style, with case studies and break-out sessions, Q&A and sharing.
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

This intermediate to advanced level programme is designed for middle management charged with risk management, internal controls and assurance responsibilities for their organizations.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Rajesh Punjabi

Rajesh has more than 17 years experience in finance and assurance. Currently, Rajesh is the Head of Internal Audit with Dairy Farm Singapore where he leads Internal Audit, Investigation and IT Audit activities for the Food, Health and Beauty businesses, covering a retail landscape of more than 600 retail outlets across multiple sales channels.

Previously, he has spent several years in senior positions in Finance, Internal Audit and Compliance with leading companies such as Shell, British American Tobacco and PwC. Notably, he led multi-functional teams leading complex multi-year business process re-engineering projects across Asia-Pac and internal audits globally. He was also a member of several Audit Committees of listed companies in his internal audit capacity.   
 

Upcoming Schedule

Registration is closed

Date & Time

15 Dec 2017 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Rajesh Punjabi

Venue

137 Cecil Street
Level 3
Hengda Building
Singapore 069537