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Practice on Governance, risk management and compliance professional certificate - GRC

Accreditation Number: 115363697

2025

Last updated December 2025

Approval

Duration

5 Days

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This program is designed to provide the knowledge and skills necessary to understand and support organizational compliance and risk management, as well as promote best practices and international standards that align with business requirements and regulatory rules and to navigate the intricate landscape of organizational compliance and risk management. Attendees will delve into the realms of corporate governance, risk assessment, and internal controls, gaining insights into the critical interplay between these elements in fostering a robust and ethically sound organizational environment.

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

• Define corporate governance and its relationship with risk management and internal controls.

• Discuss the roles and responsibilities of various stakeholders in private or public organizations.

• Integrate corporate governance functions and differentiate between different models.

• Identify areas of risk management and internal and external environmental changes.

• Identify appropriate controls to be implemented across multiple business cycles.

• Understand the principles of compliance, corporate governance, and anti-money laundering concepts, enhancing the organization's ability to professionally respond to regulatory requirements.

• Understand key aspects of compliance, national and international efforts to manage associated risks.

• Obtain information to build and implement compliance programs to combat money laundering practices and enforce corporate governance rules.

• Identify and understand compliance risks and the consequences of non-compliance.

• Understand and enhance the relationship between compliance and corporate governance.

Course Curriculum

8 Lectures

Module One - Overview of Governance, Risk, and Internal Control:

What is corporate governance? Scope of corporate governance Fundamental principles of corporate governance Code of conduct Board of directors Audit committee Other committees

Module Two - Stakeholders in Corporate Governance:

Stakeholders Duties and rights of board members Internal and external auditors Risk-based decision making Implications of corporate governance failure Competency board

Module Three - Functions of Corporate Governance:

Independence of the board Board selection, compensation, and evaluation Analysis of the current Disclosure and transparency

Module Four - Introduction to Compliance:

What is compliance? Importance of compliance Practical examples of compliance Compliance risks

Module Five - Enterprise Risk Management:

Risk awareness Why we should care about risks Internal environmental changes External environmental changes

Module Six - Areas of Risk Management:

Strategic risks Operational risks Reporting risks Financial risks Health and safety risks

Module Seven - Risk Management Process According to COSO Guidelines:

Internal environment Objective setting Event identification (risks) Risk assessment Risk response Control activities Information and communication Risk monitoring

Module Eight - Applying Controls within Business Cycles and Processes:

Controls in the procurement and payment cycle Controls in the inventory and costing cycle Controls in the human resources and payroll cycle Controls in the sales and collection cycle Controls in the fixed assets lifecycle