Event Details

Combined assurance is a co-ordinated approach that ensures all assurance activities provided by management, internal assurance providers, and external assurance providers adequately address significant risks facing an organisation, and suitable controls exist to mitigate these inherent risks to an acceptable level of residual risk.


Combined assurance involves the integration of assurance processes within an organisation in order to:

· maximise oversight of risk and governance and control efficiencies

· optimise the overall assurance provided to the audit committee

· reduce assurance overlap

· minimise assurance cost

· give due consideration to the organisation's risk appetite.

Combined assurance is about assurance providers working closer together to ensure the right amount of assurance, in the right areas, from people with the best skills, in the most cost-effective way possible.


Prerequisites:

Attendees should have an understanding of Risk Management and Assurance concepts in order to follow the terminology and methodology references.

Read through the case study material provided prior to the training.



Who should attend:

· All Assurance Providers

· Management (Governance related positions)

· Compliance Officers

· Internal Auditors

· Risk Managers

· Company Secretaries etc.


Investment:

Virtual

Member Early Bird rate: R 3,600 excl VAT / R4,140 incl VAT

Member Standard rate: R4,800 excl VAT / R5,520 incl VAT


Non-member Early Bird rate: R 3,960 excl VAT / R4,554 incl VAT

Non-member Standard rate: R5,280 excl VAT / R6,072 incl VAT


CPD: 12 hours

Compliance Monitoring

Compliance Monitoring forms the final phase in the compliance risk management process. Monitoring closes the loop which completes the compliance cycle, it provides feedback on the effectiveness of the management of compliance risks and identifies areas of weakness that need to be improved or enhanced. It is therefore highly recommended that individuals should have completed the Introduction to Compliance Management and the Compliance Risk Management Plan courses before registering for the Compliance Monitoring course.


Course content will cover the following:

• Compliance Monitoring fits in as an element of the compliance process, a brief explanation of the compliance process and the development of Compliance Risk Management Plans (CRMPs).

• An overview of compliance monitoring, the need and objectives as well as consequences of noncompliance.

• Explaining the risk‐based compliance monitoring approach with controls.

• Types of Compliance Monitoring

• Monitoring Tools

• The Compliance Monitoring process


Outline of the Compliance Monitoring course:

• The methodology for the monitoring of compliance by regulators

• The methodology for compliance monitoring by management

• The methodology for compliance monitoring by the compliance officer

• The starting point of compliance monitoring

• Independent monitoring

• Effectivenessreviews

• Materiality Sampling

• Statisticalsampling and non-statisticalsampling

• Working papers

• The compliance reports

• Recommendations that should be addressed in the compliance report

• The review process and the relevant role players

• Issues Log

• The review process to evaluate the implementation of the Compliance Risk Management Plans throughout your organisation


Course Outline: https://docs.mymembership.co.za/docmanager/52c7b7c8-d6fc-4150-8d1a-7b85c1f7012e/00159665.pdf 

Speakers

  • Gert Van Wyk (Director of Exgroup)

    Gert Van Wyk

    Director of Exgroup

    Gert is a Chartered Accountant ((CA (SA)), Certified Internal Auditor (CIA), Professional Internal Auditor (PIA), Certified in Risk Management Assurance (CRMA) and Compliance Professional (CPROF (SA)) and holds an M. Com degree. He has a wealth of experience (30 years) in the Governance, Risk and Compliance and Audit disciplines. He fulfilled various roles in his career e.g., Chief Audit Executive, Group Compliance Officer, Head of Operational Risk Management. He consults in the disciplines of Combined Assurance, Governance, Risk Management, Compliance and Internal Audit as Director of EXP Consulting Network.

    He was the Chairman of the Audit, Risk and Governance Committee of the Compliance Institute Southern Africa (for the 14 years) and also the Chairperson of the Risk Committee of the South African Department of Home Affairs for a period of 3 years. He is a member of the South African Institute of Chartered Accountants, the Institute of Internal Auditors, and Compliance Institute Southern Africa. He serves on the Examination Committee of the Institute of Internal Auditors and is a moderator of the Compliance Institute Southern Africa’s CPRAC (SA) Board Exam.

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Documents

Introduction to Combined Assurance Outline updated March 2023.docxdownload

Tickets

Early Bird Member Rate

Early Bird Member Rate
*Closes 3 weeks prior to event date
*Prices exclude VAT

Member Early Bird Price R 3,600
Non Member Rate

Non Member rate
Prices exclude VAT

Standard Price R 5,280
Early Bird Non Member Rate

Early Bird Non Member Rate
Early bird rate expires 3 weeks prior to event date.
Prices exclude VAT

Early Bird Price R 3,960
Member Rate

Standard rate
Prices exclude VAT

Member Price R 4,800