Certificate Program on Internal Control and Risk Management Training

ABOUT THE TOPIC OF THE TRAINING:

Internal control and risk management are getting more and more important in terms of contemporary management approaches. The importance of both concepts has not only been increased by legal regulations, but also by the conditions imposed by the economic life, uncertainties masked by the processes of change, the needs of internal and external stakeholders of the institutions and their expectations for the future. Organizations operating in the public and private sectors must have a reasonable level of assurance within law to achieve their goals, to use their resources effectively and efficiently and to report fully, accurately and on time. This assurance means that the risks that threaten the achievement of the targets and the protection of the assets have been managed and appropriate control measures have been taken. In this context, it is an inevitable obligation for organizations to have an effective internal control system.

It is seen as an important gain that managers and employees have sufficient knowledge and experience about the internal control and add value to their institutions and their duties through the internal control system. The aforementioned gains can be achieved in this training program, where theoretical and practical information are presented in integrity. As the training program provides all the basic information needed on internal control it can also be implemented in a corporate-specific design. Therefore, the training program offers unmissable opportunities for corporate managers and employees in terms of its subject, scope, method and achievements.

THE OBJECTIVE OF THE PROGRAM

The goal is to provide the managers and employees of the institutions with the necessary theoretical knowledge and practical skills in order to increase awareness on the internal control and risk management, to analyze the institutional structure and activities and to establish, develop and evaluate an internal control system that will provide reasonable assurance.

TRAINER

Dr. Ali Tayyar ERAY (CICP-Certified Internal Control Professional)

WHO CAN PARTICIPATE IN THE PROGRAM?

Institutions in Terms of Sectors and Missions

• Institutions and organizations operating in the public sector
• Companies operating in the private sector
• Supervisory and Regulatory Bodies
• Universities
• non-governmental organizations
• Professional Organizations

Persons in Terms of Organizational Structures and Task Areas

• Managers
• Audit committee chairman and members
• Risk management committee chairman and members
• Chairman and members of the Internal Control / Risk Monitoring and Steering Board
• Process managers and persons in charge
• Internal control unit staff
• Internal auditors
• External / Independent auditors
• Project teams
• Entrepreneur candidates

TRAINING PACKAGES

The trainings are designed in the two packages listed below.

• Standard Training Package (PERSONAL): It covers the basic information and practices covering all sectors, institutions and areas of duty. This package includes the trainings in a classroom environment that will be created according to the number of participants applying individually. Trainings are organized in two parts as theoretical information and applications.
• Special Education Package (CORPORATE): This package is specially designed by scope, time and place in case institutions request a training specific to them according to variables such as their missions, organizational structures, special project studies, legislative provisions to which they are subject to, their organizational culture, priority problem areas and management philosophies. These trainings are applied in a way to cover one or more (mixed) of the modules listed below. The implementation stages of the trainings are carried out face-to-face by taking safety measures appropriate to the pandemic conditions, while the others are carried out in distance education (electronically) as a live broadcast if necessary.
• Executive Meetings: These are mutual informative activities with the top management of the institution. These interviews include informing the senior management at the general level, determining the corporate expectations and training principles.
• General Information: They are the information activities such as conferences, briefings etc. organized for institution managers and / or personnel. The scope, duration and locations of the training are determined by mutual meetings.
• Focus Group Studies: They are the special training activities for groups such as internal control unit staff of institutions, internal auditors, external / independent auditors, managers and employees of risk unit, quality unit etc., special work / project teams, process managers, etc. which are formed in a similar manner. These trainings are carried out application-oriented.
• Documentation Studies: In line with the work done and the information obtained from the other modules, detailed reports which cover the analysis of the current situation and the proposed issues are presented to the senior management.

CONTENT AND DURATION OF THE STANDARD TRAINING PACKAGE (5 days in total: 30 lessons)

Theoretical Information Training (2 days: 12 Lesson Hours)

• Internal control from a historical perspective
• Internal control conceptually

(Control, audit, inspection, internal audit, internal control in the context of external / independent audit)

• Internal control from the Managerial aspect

(Corporate management, process management, strategic management, corporate risk management, internal control in the context of quality management)

• Internal control in terms of operation (functions)
• Internal control Theoretically
• COSO Internal control model: Components, standards, framework regulations
• Internal control regulations around the world: Countries and international organizations
• Internal control regulations in Turkey: Public sector and private sector

Application Training (3 days: 18 Class Hours)

• Designing the internal control system
• Reviewing the control environment
• Process creation and development
• Determining the structure, roles and responsibilities regarding the risk management
• Identifying, measuring, evaluating and prioritizing risks
• Creation of risk matrix, risk index and risk strategy document
• Determination of control activities and synchronization
• Establishing an information and communication system
• Designing and reporting the internal control evaluation activities
• Preparation of internal control action plans

LEARNING OUTCOMES

At the end of the training, participating managers and employees will…

• have learned internal control multi-dimensionally including historical, conceptual, managerial and theoretical information.
• ,in the context of internal control, be able to grasp approaches such as corporate governance, strategic management, risk management, process management, and total quality management as a whole.
• have learned the basic practices and methodology related to internal control and will have gained the necessary practical skills within this scope.
• comprehend the establishment, development and evaluation processes of the internal control system as a whole and will have a level of awareness to play an active role in these processes.
• have gained the competence to fulfill the internal control responsibilities it bears in terms of personal duties within the corporate structure.

At the end of the training, participating institutions will…

• increase the quality of management.
• integrate strategy and risk management processes, and in this context, will carry out strategic planning studies based on more concrete data.
• increase its ability to adapt to change processes by strengthening the identity of the learning organization.
• increase its ability to manage risks on an institutional scale, and within this framework will provide a reasonable level of assurance against its internal and external stakeholders.
• have analyzed the current situation regarding the internal control system and within this framework will have determined the required actions.
• have reached the capacity to fulfill its legal and managerial responsibilities regarding the internal control.

CERTIFICATION

Certificates are awarded to all participants and the institutions who have met the conditions of attendance to the trainings.