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Navigating Risk Management through Strategic Third-Party Collaboration

Training Course Description

Empowering Risk Management: Mastering Third-Party Auditing Essentials

In today’s fast-paced and interconnected world, managing risk effectively has become a crucial aspect of organizational success and resilience. The “Mastering Third-Party Auditing and Risk Management” training course is designed to equip professionals with the knowledge and skills needed to harness the power of third-party auditing as a strategic tool in risk management.

This comprehensive course offers a deep dive into the intricacies of third-party auditing, providing participants with the insights needed to understand the different types of risks that organizations face, from compliance and IT security to supply chain vulnerabilities. Participants will learn how to select and work with qualified auditors, set specific audit goals, and translate audit findings into actionable strategies for robust risk mitigation.

 

Why Attend this Training?

By attending this course, you will:

    • Expertly manage third-party audits: From selecting the right auditor and setting impactful goals, you’ll navigate the entire process with clarity and confidence.
    • Tailor audits to your department’s needs: Whether it’s compliance, IT security, supply chain, or operational risk, learn to focus the audit on the areas most relevant to you.
    • Strengthen your organization’s risk management: Implement improved internal controls and continuously refine your risk mitigation strategy.

The skill sets we will focus on include:

  • Risk identification and assessment: Hone your ability to pinpoint key
    risks within your department and across the organization.
  • Third-party auditor selection and engagement: Become adept at evaluating proposals, negotiating contracts, and managing the audit process.
  • Audit goal setting and communication: Develop skills to set SMART goals that align with departmental objectives and effectively communicate them to stakeholders.
  • Internal control implementation and monitoring: Understand how to translate audit findings into concrete actions and track the effectiveness of implemented controls.
 
 

 

 

Who should attend?

This introductory course is designed for professionals across various industries and personality types who share a common goal: proactively managing and mitigating risk within their organizations. Essentially, anyone who feels responsible for managing risk within their organization can benefit from this valuable learning experience.The target audience includes, but is not limited to:

  • Risk Managers: Deepen your understanding of leveraging third-party audits for a holistic risk management approach.
  • Compliance Officers: Gain confidence in selecting and collaborating with auditors to ensure regulatory adherence.
  • Internal Auditors: Enhance your knowledge of using external expertise to complement internal audit practices.
  • Department Heads: Learn to tailor audits to address specific departmental risks (IT security, supply chain, operations, etc.).
  • Finance Managers: Understand how third-party auditing can strengthen financial controls and mitigate financial risks.
  • Legal & Contract Managers: Gain valuable insights into risk allocation and contractual considerations during third-party audits.
  • Safety Managers & Engineers: Identify best practices for incorporating safety-related risks into third-party audits.
 
 

About the trainer

Roe Nerem: Lead Auditor

Roe Nerem

With over 25 years of experience in air traffic management (ATM), Roe Nerem stands out as a leading expert in aviation risk and safety. His career started with training at prestigious institutions such as the Royal Norwegian Air Force Academy, Nav Canada Training Institute, and Bailbrook College. His expertise was further honed through practical roles as an Air Traffic Controller and ATM advisor for the Norwegian ANSP Avinor.
His extensive qualifications include industry-specific courses from ICAO and EASA, along with years of consulting for businesses of various sizes. Currently, Roe leads internal and third-party audits at Preflight Safety, specializing in drone and air traffic risk management.
His proven track record includes implementing robust risk frameworks for drone companies, mitigating vulnerabilities in complex ATM systems, and delivering impactful training to hundreds of professionals. His passion for knowledge sharing drives his commitment to equip you with the practical skills and insights needed for effective risk management through third-party auditing.
Join Roe and gain the confidence and competence to proactively navigate risk and secure your organization’s future in the ever-evolving landscape of risk management.

NAVIGATING RISK MANAGEMENT THROUGH STRATEGIC THIRD-PARTY COLLABORATION

NAVIGATING RISK MANAGEMENT THROUGH STRATEGIC THIRD-PARTY COLLABORATION

1399

Livestreaming Zoom _____ ✔️ Interactive Lectures _______✔️ Get 2 seats for the price of 1__ ✔️ Free Recording one month access _____ ✔️

SECURE YOUR SEAT

REGISTER 2 FOR 1

NAVIGATING RISK MANAGEMENT THROUGH STRATEGIC THIRD-PARTY COLLABORATION
8:45 am - 9:00 am Online

Connecting to Training Course

9:00 am - 10:00 am Online

Module 1: Understanding Risk management

• Welcome and Introductions • Webinar Objectives and Agenda Overview: Highlighting key takeaways and learning outcomes for each module. • Understanding Risk management and Third-Party Auditing: Definition, types of audits (financial, operational, compliance), benefits and limitations. • Why Use a Third-Party Auditor? Gaining an independent perspective, addressing resource constraints, enhancing credibility. • Navigating the Regulatory Landscape: Aligning audits with relevant regulations and industry standards.

10:00 am - 11:00 am Online

Module 2: Selecting & Engaging the Right Third-Party Auditor

• Developing an RFP: Tailoring to your specific needs and departmental focus. • Evaluation & Shortlisting: Assessing proposals, qualifications, and references. • Negotiating Contracts and Managing Costs: Establishing clear expectations and budget considerations.

11:00 am - 11:30 am Online

Break

11:30 am - 12:30 pm Online

Module 3: Setting Effective & Relevant Audit Goals

• Risk-Based Approach: Linking audit goals to department-specific risks (compliance, operational, financial, etc.). • Alignment with Business Objectives: Ensuring audit aligns with broader organizational goals and priorities. • SMART Goals: Creating Specific, Measurable, Achievable, Relevant, and Time-bound objectives. • Stakeholder Communication: Obtaining buy-in and managing expectations from department heads and senior management.

12:30 pm - 1:30 pm Online

Module 4: Ensuring a Successful Internal Audit

• Pre-Audit Activities: Data preparation, document gathering, access facilitation, communication with auditees. • Audit Methodology: Understanding common audit approaches (testing, interviews, observation), tailoring to specific goals. • Ensuring a successful audit • Pre Audit activities: Challenges Faced during preparation of audits: Who should be available, what should be available

9:45 am - 10:00 am Online

Connecting to Training Course

10:00 am - 11:00 am Online

Module 4. Continued

• Collaboration and Communication: Facilitating open communication with auditors, addressing concerns promptly. • Challenges Faced during audit: how to prepare employees for audit • Management of Findings: Reviewing draft reports, providing feedback, requesting clarifications.

11:00 am - 12:00 pm Online

Module 5: Focusing on the Right Risks & Continuous Improvement

• Departmental Focus: Tailoring audit procedures to address specific risks relevant to each department. • Industry Best Practices: Leveraging industry-specific risk frameworks and audit methodologies. • Emerging Risks: Addressing new and evolving threats relevant to your industry and operations. • Continuous Improvement: Using audit findings to identify and address emerging risks in future audit cycles.

12:00 pm - 12:30 pm Online

Break

12:30 pm - 1:30 pm Online

Module 6: Leveraging Audit Results for Enhanced Risk Management

• Actionable Insights: Transforming audit findings into concrete risk mitigation strategies and action plans. • Internal Control Implementation: Aligning audit recommendations with existing or new internal controls. • Communication and Reporting: Sharing audit results and action plans with stakeholders. • Monitoring and Measurement: Tracking progress on implementing improvements and measuring effectiveness.

1:30 pm - 2:30 pm Online

Module 7: Case Studies & Lessons Learned

• Real-world examples third-party audits across different industries and departments. • Sharing best practices and lessons learned from past audit experiences. • Discussing challenges faced and strategies for overcoming them. • Q&A Session

  • Date : May 28, 2024 - May 29, 2024
  • Time : 9:00 am - 1:00 pm (UTC+1)
  • Reg. Deadline : May 28, 2024 8:00 am
  • Venue : Europe

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