NEW For 2012 Assurance Mapping & Governance ... - MIS Training

The Global Leader InAudit and Information Security TrainingNEW for 2012AssuranceMapping &GovernanceframeworksLinking internal audit, risk and otherproviders to benefit from a joined-upassurance function3 DAY COURSE:23 - 25 May 2012LondonInternal AuditCourse DirectorLiz SandwithOver 20 years internalaudit experience■ Do you know how many different functions in your organisation provide assurance, there can be more that 15! Is thatefficient? Is it cost effective?■ The board is responsible for ensuring that there are no gaps or overlaps in the assurance process.However, assurance improves the quality of information for decision makers through an objective examination ofgovernance, risk management and control processes within an organisation.■ There are three types of assurance providers: those who report to management, those who report to the board andthose who report to external stakeholders. Which one are you?■ In order to create a more efficient assurance process there is a need to share information with colleagues and identifywho should be providing assurance and in which areas.■ Attend this course to explore and understand how your organisation can benefit from a joined up assurance function.Save up to50%Email: Omar Khazen, Head of In-HouseTraining at training@mistieurope.comor call: +44 (0) 20 7779 8454Register Online at:www.mistieurope.com/trainingQuoting Code:IA120504-W

NEW for 2012AssuranceMapping &GovernanceframeworksLinking internal audit, risk and otherproviders to benefit from a joined-upassurance functionCourse DirectorLiz SandwithLiz Sandwith has been involved in the internal auditingprofession since the late 1980’s. She has worked in thepublic sector including central and local government and alsoin the private sector. In 1995 she set up her own businessproviding internal audit and risk management to a number ofbusinesses from central government and local governmentthrough housing associations, regional developmentagencies, a UK Broadcaster and is now delivering the Headof Assurance and Risk Management function to a CareServices business.Liz has been involved in delivering internal audit training since1991. In order to keep up to date with new internal audittools and techniques and be able to add realism andpracticality to her training course, she ensures that 75% ofher time is spent delivering internal audits. She also speaksat Internal Auditing conferences and was President of the IIA-UK and Ireland 2001-2002. Her training courses receive highratings from the delegates in terms of content, delivery andthe practical opportunity to ‘join in’ not simply just sit andlisten.Course focus and featuresHeads of Internal Audit, Audit Committees and Boards arebecoming increasing concerned about how to maintain oreven increase the level of assurance provided by InternalAudit and other assurance functions in these times whencosts are under constant pressure.Assurance mapping facilitates the identification of any gaps in therisk management process. It is a process that maps theassurance coverage against risks in an organisation; it alsohighlights the need for additional assurance activities for riskswithin inadequate coverage.An assurance map, presented in the form of a colour-coded gridthat has the key business areas or risks on one side and thevarious forms or providers of assurance on the other is a valuabletool in helping the business, and especially senior management,the Board and the Audit Committee identify areas where there islittle or indeed no assurance. The colours represent the qualityand level of assurance. Once completed, the assurance mapoffers a platform from which to drive efficiencies and identifyimportant gaps and overlaps. With sponsorship frommanagement and the Audit Committee, it can be an excellentbasis for highlighting the most important issues in an organisation.It is also a sound basis to determine the skill sets that the InternalAudit function really needs.The course begins with a review of the growing interest in thecoordination of assurance, including a consideration of who mightprovide assurance to the board and the benefits of creating anassurance framework. From this starting point we will take aclose look at the risks, benefits and issues of having multipleassurance providers and some of the complexities and concernssurrounding the coordination of assurance. Finally, we considersthe opportunities and challenges facing internal auditors that arisefrom coordinated assurance and coordinating with otherassurance providers within the organisation. Over the three dayswe will seek to build assurance maps for key areas of thebusiness e.g. risk management, financial crime, etc.Who Should AttendAudit Managers, senior internal auditors and others within yourorganisations e.g. compliance team members, assurance teammembers along with other colleagues who are involved inproviding an assurance to the Audit Committee, the Board andthe Risk Management CommitteePrerequisite:A basic knowledge of risk management, internal audit and/or theprovision of assuranceAdvanced Preparation: NoneTraining Type: Group-LiveLearning Level: IntermediatePrice: GBP £2,095CPEs: 22Telephone:+44 (0)20 7779 8454Email:training@mistieurope.com

Day OneWednesday 23rd MayIntroduction and Understandingof the Assurance requirementsSession: 1• Definition of Assurance - An objective examinationof evidence for the purpose of providing anindependent assessment on governance, riskmanagement and control processes for theorganisationSession: 2• Who seeks an assurance ?• CEO/Board• Audit Committee• Risk Committee• Line Management• Stakeholders• Shareholders• Regulators e.g. FSA, CQCSession: 3• What do we provide assurance on?• Governance• Risk Management• Corporate functions• Financial Crime• Control Processes i.e. financial, performance,compliance, system security and due diligenceengagementsSession: 4• Assurance Providers• Internal Audit• External Audit• Compliance• Risk Management• Fraud• Security• Quality, Health and Safety• Line Management – self assessments• Budgeting and control• SustainabilitySession: 5• How is the Assurance Provided?Session: 6• Three lines of Defence Model• 1st Line – Line Management –assessment of the control framework• 2nd Line – Risk Committee, Risk Managers,Compliance / Assurance, RegulatoryInspectors• 3rd Line – Internal Audit supported by the AuditCommittee or indeed external audit orindependent regulatorsDay TwoThursday 24th MayAssurance ChallengesSession: 1• Where are the gaps?• Assurance Maps –• Opportunity to start building assurance mapswhich will be developed during the next twodaysSession: 2• Controlling Assurance Costs e.g. Code ofGovernance Principles for South Africa, effective 1July 2010, known as King 3Session: 3• Walker Review of Corporate Governance in UKBanks and Other Financial Institutions and thenew UK Corporate Governance CodeSession: 4• What causes over-assurance• Number of assurance bodies• Gaps in expectation management• Complex and diverse supplier landscapeSession: 5• Coordinated assurance issues and risks• Coordinated assurance benefits• Coordinated assurance why might it fail• Coordinated assurance can it work• Linked to the risk maturity of the organisation• Importance of a clear focus• Internal Audits consultancy role• Commitment to coordinated assuranceSession: 6• Reliability of assurance providers• IIA - Performance Standard 2050 – Coordination,states ‘The chief audit executive should shareinformation and coordinate activities with otherinternal and external providers of assurance andconsulting services to ensure proper coverageand minimise duplication of efforts’• Should internal audit review the reliability of otherassurance providersDay ThreeFriday 25th MayAssurance Frameworks / ToolsSession: 1• Assurance framework /maps contains thefollowing elements:• Function/Principal risks• Control description• Assurance mechanism• Effective control• Who provides the assurance• Actions• Forecast risk at xxx• Target risk at xxx• Board reports – providing assurances whileidentifying gaps in control and assuranceSession: 2• Assurance assessment / reporting• Integrated Assurance• Integrated Assurance Statement – issued to theBoard• Statement of Internal Control – Management• Independent Statement of Internal Control– internal audit• Linked to key controls, mitigations and businessplans• Linked to corporate risks and strategicobjectives- Examples of a coordinated assurance using thethree lines of defence model- Example of an approach to joint working- Assessing the reliability of other assuranceprovidersSession: 3• Assurance within your organisations• Challenges• Gaps in the provision of assurance• Culture• Other assurance providers• Profile of Internal AuditSession: 4• Year End Annual Assurance Provision• Statement / map• Discussion at Audit Committee twice annually• Discussion quarterly with senior management• Continuous involvement of stakeholders• Review of assurance maps by external auditSession: 5• Closure of course• Will Assurance Maps work for you?• Objectives met• Final questionsSession: 7• Assurance Standards• IIA Standards• AA1000 AccountAbility Standards• SAP 70 vs. ISAE 3402 (International Auditing andAssurance Standards Board (IAA SB) issued ISAE3402, Assurance reports on controls at a serviceorganization)Register Online at:www.mistieurope.com/trainingQuoting Code:IA120504-W

The Global Leader InAudit and Information Security TrainingNEW for 2012AssuranceMapping &GovernanceframeworksLinking internal audit, risk and otherproviders to benefit from a joined-upassurance functionRegister Online at: www.mistieurope.com/trainingIMPORTANT INFORMATION - YOUR REGISTRATION CODE:IA120504-WPlease ensure you enter your bookingcode when registering and you willbe entered into our monthly prize drawto win £50 of Amazon vouchersamount:£50.00claim code:1234-4567890-2345Learn how to redeem your Amazon.co.uk gift certificateLONDON23 - 25 MAY 2012PRICE GBP £2,095 +VATPrice includes tuition, course folder with allcourse notes, lunch and refreshments and aprestigious certificate. Delegates are responsiblefor their own accommodation. You can requestan invoice or pay online. Please note, paymentmust be received prior to course start.Travelling To London From Abroad?MIS Training has been accredited by the BAC,making your trip to London easier which shouldmake your visa application process much smoother.We can help with your visa.Email: training@mistieurope.com7 Reasons to Choose MIS Training1 423We are the global leader in Audit, Risk, Fraud andSecurity Training, with over 30 years experience andhaving trained over 200,000 delegates. Our clientsinclude; European Central Bank, National AuditOffice, Ministry of Defence, European Court ofAuditors, Euroclear and the World BankOur course directors have at least 15 years relevantexperience for companies such as Shell, ABNAMRO, HSBC, ICI, Zeneca, American Express andMerrill Lynch and Co. Many are published authorsand sit on boards of prestigious associations suchas the IIA and ISACAYour course instructor will welcome any postcourse follow up. 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