Control Design and Testing for Small and Medium Enterprises
3 days|Delivered on request
Control Design and Testing for Small and Medium Enterprises takes the discipline and works it through the constraints of this operating context, including risk appetite and tolerance, risk assessment methodology and the compliance obligations that come with it. The sector framing is necessary because risk registers are widely maintained and rarely used in an actual decision, and generic training rarely survives contact with the local rules. Delegates leave able to work confidently with operational risk, compliance monitoring and control testing in their own organisation.
What delegates leave able to do
- Take ownership of operational risk rather than escalating it, measured against the three lines model
- Put compliance monitoring on a footing they can defend to a reviewer
- Explain control testing to someone who does not do the work
- Bring risk reporting to the board into line with current good practice
What the course covers
- Risk appetite and tolerance
- Risk assessment methodology
- Operational risk
- Compliance monitoring
- Control testing
- Risk reporting to the board
- Internal audit interface
Who should attend
- risk champions in operating units
- governance and assurance practitioners
- compliance officers
- audit and risk committee members
