Implementing ERM can, in many cases, lead to results which miss by far the desired objectives. Significant impact improvements can be achieved if the key benefits/impacts that are desired are identified up-front. Avoiding the limitations of general goals such as reduced risk exposure, improved compliance, and more effective business processes, management requires clearly defined Key Improvement Areas in order to facilitate process enabling verification of the extent to which risk levels are maintained within the overall Risk Appetite of the organization.
From an audit perspective, Internal Audit must ensure that appropriate Key Improvement Indicators have been established and are monitored by management in an effective manner.
Why should you attend :
Effective risk-based auditing requires that the auditor understand management’s attitude to, and tolerance of risk. The whole of audit planning based on an understanding of the internal control structure intended by management to mitigate risk and the degree of implementation of ERM.
Areas covered in the session:
Who should attend this:
Richard E. Cascarino, MBA, CIA, CISM, CFE, CRMA
Well known in international auditing, Richard is a principal of Richard Cascarino & Associates based in Colorado, USA and Johannesburg, South Africa with over 32 years of experience in audit training and consultancy.
He is a regular speaker to National and International conferences and has presented courses throughout Africa, Europe, the Middle East and the USA.
Richard is a Past President of the Institute of Internal Auditors in South Africa, was the founding Regional Director of the Southern African Region of the IIA-Inc and is a member of ISACA, and the Association of Certified Fraud Examiners, where he was a member of the Board of Regents for Higher Education.
Richard was Chairman of the Audit Committee of Gauteng cluster 2 (Premier's office, Shared Services and Health) in Johannesburg and is currently the Chairman of the Audit and Risk Committee of the Department of Public Enterprises in South Africa. Author of the book Internal Auditing - an Integrated Approach, published by Juta Publishing and now in its 3rd edition. This book is extensively used as a university textbook worldwide. In addition, he is the author of the Auditor's Guide to IT Auditing published by Wiley Publishing, now in its 2nd edition and the book Corporate Fraud and Internal Control: A Framework for Prevention, also Wiley Publishing. He is also a contributor to all 4 editions of QFINANCE, the UItimate Resource, published by Bloomsbury. His latest books are Data Analytics for the Internal Auditor, and The Complete Guide for CISA Examination Preparation.
