Governance, Risk, and Compliance (GRC)

Internal AuditRisk

Overview

This course provides a roadmap to develop, implement and sustain an integrated GRC infrastructure to help participants implement and maintain a GRC framework. Many organizations have implemented selected components of a GRC framework, but the challenge remains to integrate the disparate components. Those attending this course will examine ways of building, sustaining, and reviewing GRC programs.

Why you should take this course.

For users with an intermediate knowledge of this topic, and are searching for a deeper understanding of its evolving complexities.

Here are the learning objectives we'll cover.

  • The learner will be able to develop internal audit procedures in alignment with GRC capabilities.
  • The learner will be able to define and describe various governance frameworks that help organizations mitigate risks and achieve objectives.
  • The learner will be able to identify, describe, and apply the components and elements of the GRC Capability Model.
  • The learner will be able to outline various considerations and practices for the individual elements of the GRC Capability Model.
  • The learner will be able to locate and access supplemental resources on GRC and other governance frameworks.

Here are the topics we'll cover.

  1. Overview

    • Development and Evolution of Governance Frameworks
    • The Role of Internal Audit in Governance
    • The Rise of the Frameworks
    • Pre-GRC Implementation
  2. COSO Internal Control Framework

    • Objectives
    • Components and Principles of Internal Control
  3. COSO Enterprise Risk Management Framework

    • Risk Management Components
    • Risk Management Principles
  4. Effective Compliance and Ethics Programs

    • Why It Matters
    • What is an Effective Program?
  5. GRC Overview

    • Principled Performance
    • What is GRC? What Does it Look Like?
  6. GRC Capability Model Element View

    • Elements of GRC
  7. Component 1 – Learn

    • External Context
    • Internal Context
    • Culture
    • Stakeholders
    • Considerations
  8. Component 2 – Align

    • Direction
    • Objectives
    • Identification
    • Assessment
    • Design
    • Considerations
  9. Component 3 – Perform

    • Controls
    • Policies
    • Communication
    • Education
    • Incentives
    • Notification
    • Inquiry
    • Response
    • Considerations
  10. Component 4 - Review

    • Monitoring
    • Assurance
    • Improvement
    • Considerations
  11. Wrap Up

    • Post GRC Implementation
    • Alignment of Frameworks
    • GRC Technologies
    • Resource

Learning Style

On Demand

Level

Advanced

Includes

Assessment

Who this course is for

Chief Compliance Officers, Chief Audit Executives, Audit Directors and Managers; Chief Risk Officers and Chief Ethics Officers; Internal and External Auditors, and anyone with GRC responsibilities.

NASBA Certified CPE

24 credits

Field of Study

Auditing

Length of course

24h

Advanced Preparation

None
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ACI Learning is registered with NASBA

ACI Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/