Training Process Management

Risk Management in Business Processes and Internal Control (COSO Framework)

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What we will work on during the training session:

We will introduce the key concepts of the COSO framework,
Learn how to develop control procedures and internal control components.
Understand how to identify risks in business processes and minimize them.

Program

Introduction to the COSO Framework
- Standards, terms, and definitions in the field of internal controls and risk management in operational activities
- Integration of risk management tools into the company’s business processes
- Objectives, components, and limitations of the internal control system
- Levels of risk management in an organization
- Risk management processes in an organization

Risk management in the company’s operational activities
- Integration of risk management tools into the company’s business processes
- Risk management processes in an organization
- Identifying and minimizing risks in business processes
- Case study
Additional elements and systems of internal control
- Objectives, components, and limitations of the internal control system
- Elements of the control environment
- Roles, authorities, and responsibilities when building a risk management system and internal controls
- Organizational maturity model in risk management
Training wrap-up. Q&A session.

Who finished this training

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