Auditing Corporate Governance Course

Course Details

Corporate governance involves a set of relationships between a company's management, its Board, its shareholders and other stakeholders. Larger organizations are embedding an assessment of governance into existing audits such as risk audits.

This course summarizes key corporate governance concepts and looks at internal audit's role in an interactive and participative style. It will improve your ability to provide effective, professional insight and internal audit assurance over this vital activity and to identify the key risks faced by organizations in this area.

What will I learn?

Upon completion, you will be able to:

• Appreciate the benefits of effective corporate governance and common challenges that organizations face in this area
• Understand corporate governance trends and topical issues
• Understand the components and dimensions of good practice corporate governance
• Identify and assess corporate governance risks and appropriate mitigation
• Learn how to deliver professional, value-adding internal audit assurance over corporate governance
• Know where to locate additional resources to help you more effectively audit this activity in your organization.

Course Outline 

Module 1: Fundamentals and Principles of Corporate Governance

• Definition, Meaning and Importance of Corporate Governance
• Evolution, Trends and Emerging Issues in Corporate Governance
• Key Principles of Good Corporate Governance
• Benefits and Challenges of Effective Corporate Governance
• Moving Beyond a Tick-Box Approach to Effective Governance

Module 2: Corporate Governance Structure, Roles and Responsibilities

• The Relationship Between the Board, Management and Shareholders
• Roles and Responsibilities of the Board of Directors
• Management Accountability and Executive Oversight
• Stakeholder Rights, Interests and Engagement
• Key Components and Dimensions of Good Corporate Governance

Module 3: Corporate Governance Frameworks, Policies and Best Practices

• Corporate Governance Frameworks, Standards and Guidelines
• Developing and Implementing Effective Governance Policies
• Transparency, Accountability, Integrity and Ethical Conduct
• Corporate Governance Compliance and Regulatory Requirements
• Monitoring Governance Performance and Promoting Continuous Improvement

Module 4: Corporate Governance Risk Identification and Assessment

• Understanding Corporate Governance Risks and Their Implications
• Identifying Governance Weaknesses and Control Gaps
• Assessing Governance Risks and Evaluating Their Impact
• Risk Mitigation Strategies and Internal Control Mechanisms
• Risk Monitoring, Reporting and Escalation Procedures

Module 5: Internal Audit of Corporate Governance Practices

• The Role of Internal Audit in Corporate Governance
• Planning and Conducting Corporate Governance Audits
• Evaluating Board Effectiveness and Governance Processes
• Gathering Audit Evidence and Assessing Governance Controls
• Developing Audit Findings, Recommendations and Follow-Up Actions

Module 6: Delivering Value-Adding Governance Assurance

• Providing Independent and Professional Governance Assurance
• Communicating Audit Findings to the Board and Senior Management
• Evaluating Governance Effectiveness and Organizational Performance
• Accessing Corporate Governance Audit Resources, Tools and Professional Guidance
• Emerging Corporate Governance Issues and Strategies for Continuous Improvement