Course Details

Training Course on Auditing Corporate Governance

INTRODUCTION

Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled, ensuring accountability, fairness, and transparency in a company's relationship with its stakeholders. Auditing corporate governance is crucial for assessing how well an organization adheres to these principles, identifying areas for improvement, and ensuring long-term sustainability.

This course on auditing corporate governance is designed to equip participants with the skills and knowledge to critically assess governance structures, evaluate compliance with regulatory requirements, and provide assurance that governance practices align with the organization’s strategic objectives. The course emphasizes the importance of governance audits in mitigating risk, enhancing organizational reputation, and promoting ethical business conduct.

This course provides participants with comprehensive tools and techniques to audit corporate governance frameworks effectively. They will gain the skills necessary to ensure their organizations adhere to governance best practices, mitigate risks, and maintain stakeholder trust through transparent and accountable leadership.

DURATION

5 Days

TARGET AUDIENCE

• Audit the risk management process
• Meet stakeholder expectations regarding Corporate Governance (CG)
• Assess the effectiveness of business continuity planning
• Assist the Audit Committee in their Corporate Governance (CG) role
• Assess sustainability and environmental governance
• Audit joint ventures and partnerships

OBJECTIVES

By the end of this training, participants will be able to:

1. Understand Corporate Governance Principles: Grasp the core principles of corporate governance and its role in organizational integrity and stakeholder confidence.
2. Identify Regulatory Frameworks: Learn about relevant regulations, laws, and best practices that govern corporate governance (e.g., Sarbanes-Oxley Act, OECD principles).
3. Evaluate Governance Structures: Assess the effectiveness of board structures, committees, executive roles, and organizational policies in promoting ethical and transparent governance.
4. Conduct Governance Audits: Develop skills to plan, execute, and report on audits of corporate governance processes, ensuring they meet international standards and industry best practices.
5. Identify and Mitigate Governance Risks: Recognize potential risks associated with governance failures and provide recommendations for strengthening governance frameworks.
6. Promote Ethical Culture and Accountability: Understand the role of audits in fostering a culture of ethics, integrity, and accountability in organizations.
7. Report on Governance Audits Effectively: Communicate audit findings to stakeholders and provide actionable insights for governance improvement.

COURSE OUTLINE

Module 1: Introduction to Corporate Governance

• Definition and importance of corporate governance
• Key elements of good corporate governance
• Global standards and frameworks (e.g., OECD principles, SOX, UK Corporate Governance Code)
• Role of governance in managing risks and enhancing organizational value

Module 2: Regulatory Frameworks and Corporate Governance Compliance

• Overview of corporate governance regulations and legal requirements
• National and international governance frameworks
• Corporate governance codes of conduct (e.g., King Code, Cadbury Report)
• Role of regulatory bodies and audit committees in ensuring compliance

Module 3: Roles and Responsibilities in Governance

• Board of Directors: Roles, responsibilities, and structure
• Executive management’s role in governance
• The role of audit committees and external auditors
• Governance policies: Ethics, risk management, and internal controls

Module 4: Auditing Corporate Governance

• Purpose and scope of governance audits
• Key components of a governance audit: Structure, processes, and culture
• Audit planning: Defining objectives, scope, and methodology
• Tools and techniques for auditing governance practices

Module 5: Identifying and Assessing Governance Risks

• Common risks in corporate governance (e.g., conflicts of interest, transparency, accountability)
• How to evaluate governance risk exposure
• Methods for mitigating governance risks
• Case studies on governance failures and lessons learned

Module 6: Governance Auditing Methodologies

• Risk-based auditing approach to corporate governance
• Internal vs. external governance audits: Differences and synergies
• Auditing the board’s effectiveness, decision-making, and reporting
• Best practices in governance auditing: Key performance indicators (KPIs) and metrics

Module 7: Reporting Governance Audit Findings

• Structure of an effective governance audit report
• Presenting audit findings to the board and other stakeholders
• Recommendations for governance improvements
• Monitoring and follow-up on audit recommendations

Module 8: Emerging Trends in Corporate Governance Audits

• The impact of technology and data governance
• Environmental, social, and governance (ESG) factors in audits
• The role of corporate social responsibility (CSR) in governance audits
• Future trends: Digital governance, cybersecurity, and ethical AI

CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com