Introduction to the Risk & Compliance Matrix for Internal Audit, SOX404, and Assurance

OVERVIEW:

The instructor will provide insight in the following topic. 

• Definitions of Risk Management Models
• A Practical View of Governance, Risk, and Compliance (GRC)
• Ten Tips for Developing Risk Based Internal Controls
• Developing Standards of Internal Controls
  • Operational Standards
  • Financial Standards
  • Compliance Standards
• The Risk Assessment Process
  • The Risk and SOX Compliance Matrix (Applying to Audit and SOX 404 Requirements)
  • The Risk Management Roadmap

WHY SHOULD YOU ATTEND:

Since there is no practical way to reduce risk to zero, management must determine how much risk is to be prudently accepted, and strive to maintain risk within these levels. This webinar will provide tools, models and examples to help manage risk within an organization.

AREAS COVERED IN THIS WEBINAR:

All companies, regardless of size, structure, nature, or industry, encounter risks at all levels within their organization. Risk detection affects each company’s ability to survive, successfully compete within its industry, maintain financial strength and positive public image, and maintain the overall quality of its products, services, and people.  

There must first be objectives before management can achieve risk identification and have internal audit tools for risk mitigation. Objective setting, then, is a key part of the management process. While not an internal control component, it is a prerequisite to and an enabler of internal control. The risk assessment component of control is evaluated based upon the following factors:

• Company-wide Objectives
• Process-level Objectives
• Risk Identification
• Managing Change
• Risk Control Matrix

LEARNING OBJECTIVES:

• Learn about Risk Management Models
• Learn about Governance, Risk, and Compliance (GRC) Best Practices
• Obtain the Ten Tips for Developing Risk Based Internal Controls
• Learn about the Standards of Internal Controls
• Learn about Leading Practices for the Risk Assessment Process by Using the Risk and Compliance Matrix and Roadmap

WHO WILL BENEFIT:

• CFOs
• CIOs
• Controllers
• Compliance Officers
• Risk Management Professionals
• Internal Control Professionals
• Shared Services Executives

SPEAKER PROFILE:

Chris Doxey spent most of her career implementing “top gun” leadership teams and processes in her quest to fight fraud and implement internal controls at Digital Equipment Corporation, Compaq Computer Corporation, and Hewlett Packard. 
She held senior finance and accounting positions which allowed her to develop and implement standards of internal control for all aspects of financial operations – focusing on the procure to pay (P2P) process. She was recruited to assist WorldCom (MCI) with the implementation of internal controls, policies, and corporate governance in 2003.

Others Details

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