Enterprise Risk Management and Internal Audit
Building strong institutions resistant to corruption requires continuous effort and improvement. And as public sector organisations come under increasing pressures globally to reduce costs and improve accountability and performance, effective risk management and coordination with a strong internal audit function are critical to their success and survival. In this respect, robust and effective internal control systems and processes in the public and private sector are critical to ensure that organisations are operating optimally, without waste or fraud, so as to benefit the stakeholders.
This course offers an overview of the elements of a successful integrated risk management and internal audit approach by reviewing best practices in manufacturing sector risk management and Internal Audit, from the adoption of enterprise risk management to the implementation of standards issued by the Institute of Internal Auditors in the day-to-day operation of the internal audit.