Education / Course Details

The Effective Audit and Risk Committee: A Critical Pathway in the Governance Framework

Are you a risk manager looking to enhance your Audit and Risk Committee’s (ARC) performance?

About this course

RMIA’s specialised course, The Effective Audit and Risk Committee: A Critical Pathway in the Governance Framework, is your gateway to mastering ARC roles and optimising risk management practices.

Course specifics

Audience: Risk managers, audit and risk committee members, and senior executives involved in governance and risk management. If you’re committed to improving your committee’s effectiveness and advancing your risk management skills, this training is essential.

Cost: $660 (members), $770 (non-members)

Facilitator: Riskcom

Format: Online

Time: 3-hours

CPD Points: 12

Course Facilitator:
Riskcom

Learning outcomes:

  • Master ARC Responsibilities: Develop a clear understanding of the Audit and Risk Committee’s roles and responsibilities, including legal obligations, financial oversight, and risk management integration, to ensure effective governance and compliance.

  • Enhance Committee Performance: Acquire practical strategies and techniques to improve the effectiveness of your Audit and Risk Committee, including setting clear objectives, optimising oversight processes, and fostering efficient communication with external auditors and management.

  • Implement Advanced Risk Management Practices: Gain advanced skills in evaluating and overseeing risk management processes, enabling you to assess and strengthen risk mitigation strategies within your organisation.

Course details

Elevate your Audit and Risk Committee's performance with RMIA's course, The Effective Audit and Risk Committee: A Critical Pathway in the Governance Framework. This comprehensive training equips risk managers and ARC members with essential skills to enhance committee effectiveness, optimise risk management, and integrate with broader governance frameworks. Through interactive discussions, case studies, and practical exercises, participants will gain in-depth knowledge of ARC roles, financial oversight, and risk management strategies. Perfect for those committed to strengthening governance practices and driving organisational resilience. Enrol now to transform your committee's impact and achieve superior risk management outcomes.

Key topics covered:

1.    Purpose of the audit and risk committee

  • Role of ARC and directors in the Governance Framework

  • Oversight and monitoring

    • Oversight of risk management framework, input into assessment of enterprise risks 

    • Oversight of financial reporting processes

    • Monitoring of internal control and compliance,

    • Monitoring of performance of auditors

  • Reporting to the Board

  • Audit and risk management charter

2.    Risk oversight and management

  • Risk Management Framework and ISO 31000

  • Responsibilities of NEDs and Executive Management

  • Understanding priority risks 

  • Routine and emerging risks

  • Risk control effectiveness

  • Risk Appetite

  • Performance Measurement

  • Reporting

3.    How to run ARC 

  • Tips and Tools - structures

  • Case studies