Building a safe bastion - a business organization’s lines of defence

Modular training,providing PwC Academy diploma addressing the questions how to establish, operate, assess and increase the effectiveness of the companies’ lines of defence.

Whom do we recommend our training?

• To leaders and professionals, who wish to have guidance in the world of risks and controls;
• To internal auditors; compliance officers; business managers and professionals who manage risk;
• To process- and control owners;
• To anyone seeking practical, best-practice-based knowledge;
• Last but not least, we recommend it to those organisations that have no dedicated functions for such roles, but still intend to develop the essential competencies.

Program structure:

1. module – The evolution of corporate governance – GRC in practice (1 day)

• Best practices of Corporate Governance and GRC (governance, risk, compliance) models;
• Fundamentals of most relevant GRC roles presented through corporate examples;
• Effective cooperation between the organisation’s three lines of defense;
• Legal requirements of internal control and SOX compliance;
• Fraud prevention - challenges and trends;
• The present and future of Sustainability Reports.

2. module – The „interior designers” of the organisations –Development of the internal control environment (1 day)

• Workshop with practical examples;
• Developing the successful process-risk-control structure;
• Evaluating design and operating effectiveness of controls;
• Managing control deficiencies;
• IT controls basics;
• Features of the integrated control environment.

3. module (optional) – Risk management, as the increase of business insight (1 day)

• Risks are the risks an organization faces nowadays?
• The role and place of risk management and enterprise risk management (ERM) in an organisation;
• Effective value-proposition by risk management;
• Issues surrounding practical application of risk management methodology;
• An effective risk management process in practice - from identification to action;
• Risk profiles of organizations.

4. module (optional) – Value based internal audit – what both the management and the Audit Committee can rely on (1 day)

• Risk-based audit planning;
• Challenges and responses when planning and executing audits;
• Latest trends in internal audit methodology;
• Main components of value-added audit findings;
• Maximizing the value of internal audit reports;
• Types of audit engagements and their specialties (i.e.: IT audit, efficiency audit, compliance audit, CAAT etc.).

Participants can access the training materials and recommended readings.
By completing modules 3-4, and successfully passing the exam, the participant can earn a PwC GRC certificate.

Date: 

• Module 1-2: tbd - please contact us!
• Module 3-4: tbd - please contact us!

Language of the training: Hungarian

Training bundles:

1. bundle: 1. module (GRC) and 2. module (Internal control)
Duration of the training: 2 days/16 hours

2. bundle: 1. module (GRC), 2. module (Internal control) and 3. module (Risk management) or 4. module (IA)
Duration of the training: 3 days/24 hours

3. bundle: 1. module (GRC), 2. module (Internal control), 3. module (Risk management) and 4. module (IA)
Duration of the training: 4 days/32 hours