STRATEGIC ENTERPRISE RISK MANAGEMENT FOR PUBLIC SECTOR AND PRIVATE SECTOR ENTITIES.pdf
OVERVIEW 2008, saw the collapse of Lehman Bros on the US that began the most serious financial crisis of Western Capitalisation since the 1990’s. The fundamental cause was corruption and fraud triggered by executive greed. More recently we have seen South African Companies exposed to corporate fraud and corruption One of the main reasons for the financial crisis and its impact globally, has been a failure of corporate governance management and effective fraud detection, prevention and mitigation programmes. A key responsibility and duty of the Board of Directors and Management is the governance management and minimisation of fraud and corruption with an effective strategic and enterprise risk management plan. Building on this foundation, the board and management can then focus on the optimisation of returns, and shareholder value creation and growth. Where risk is greater than returns, there will be a dilution of value and ultimately corporate and business failure. This three day practical workshop, with case studies will look at the principal risks, external and internal risk areas, a special focus on fraud and corruption and the action plan to minimise and manage fraud risks. In particular we will look at three focused areas. DAY ONE – CORPORATE GOVERNANCE AND CORRUPTION AND FRAUD DAY TWO – RISK MANAGEMENT DAY THREE – FRAUD DETECTION AND MITIGATION FEATURES AND BENEFITS Lessons of the global financial crisis and impact on risk management and internal controls Understand the causes and symptoms of fraud and corruption Understand the 9 principal risk areas Identify the top 10 fraud risks The role of the audit committee and risk committee in risk management How risk management reduces fraud What is a risk due diligence Identifying internal audit role in risk management and fraud detection Implementing integrated risk management Understanding the law of evidence Money laundering: mitigation and minimisation Learn about forensic analytics in fraud detection A Pre-Masterclass Questionnaire will be supplied WHO SHOULD ATTEND Every company director, audit and risk committee members, external auditors, internal auditor, risk managers and officers, commercial attorneys, CEO, CFO, banker and financier, investment analysts venture capitalists, private equity advisor, government officials and regulators, compliance officers and company secretaries.
PROCUREMENT AND TENDERING BEST PRACTICES 5 day MASTERCLASS.pdf
MASTERCLASS OVERVIEW How to strategise, manage and control the purchasing and procurement function for any business – private and public sector – ensuring a viable and cost effective operation. Purchasing and procurement is the engine room of every organization. Whether it is the purchases of cost of sales, inventories, overhead expenses and capital expenditure, there are costs and assets that has to be purchased efficiently and effectively to optimize returns and ensure that every business is getting value for money. Cost of sales often represents 80% of sales, capital assets often represents 60% of total assets. Inventories that are not moving could cause cash flow problems. Tendering plays a pivoted role in public sector procurement and has to be managed within a practical and cost effective environment. Master the concepts and tools of procurement and tendering in 3 days. How you will benefit on this course: This 3 day course focuses in the practical issues surrounding the total procurement and tendering function for any business and the public sector, to ensure that the right procedures and checks and balances are in place to minimize losses, disputes and liabilities Key reasons to attend: • Learn how to set up an effective procurement function. • Develop key performance indicators and key result indicators for the procurement function. • Learn how to do a procurement and tendering due diligence audit. • Understanding procurement legal documentation to protect your business. • Identifying the red flags in procurement mismanagement and risk management. • Developing a procurement dashboard. • Ensuring that the tendering process is cost effective, legal and in the best interest of the organization. • Using best practices procurement tools • Gaining a new perspective on procurement and tendering. • Network with like-minded executives with similar procurement challenges. • Procurement Due Diligence • Understand procurement documentation and legal implications • Understand the supply chain • The implication of the Consumer Protection Act in procurement and tendering • Procurement Risk Management • Synopsis of Namibia Procurement Bill WHO SHOULD ATTEND Company buyers, procurement managers, chief procurement officers, financial and management accountants, stock controllers, fixed asset managers, product managers, expense controllers, general managers, etc. ….any person involved with procurement and wants to learn how to control costs and expenses.
DUE DILIGENCE AND BUSINESS AND SHARE VALUATIONS 2 DAY MASTERCLASS.pdf
MASTERCLASS OVERVIEW Many capital acquisitions and disposals have resulted in disappointment for both buyers and sellers for two reasons – Inadequate due diligence investigation and inappropriate valuation computation. Due diligence is a systematic and focused review, investigation and analysis exercise carried out to evaluate the target business or project with the view to reaching an objective decision on the status of the target business or project. Due diligence activities are conducted in relation to specific focused areas such as, financial, commercial, IT, legal and regulatory, operations and environmental on an integrated basis. The purpose of a due diligence is for the investor, buyer and financial institution to be empowered to be able to understand the transaction, to negotiate the transaction, to assess the value of the transaction and to ensure that returns and rewards are greater than the risks and exposure of the transaction. Valuations plays an important role in virtually every financial and business transaction to meet the solvency and liquidity test of corporate legislation and the determination of fair market value for business disposals, acquisitions, mergers and private equity transactions, and property transactions. The mission of every company and business should be to optimise the net worth of the business as this will impact on the saleability of the business and the personal wealth of the owners. Consequently directors, business owners and investors and professional accountants need to know how to objectively value companies, businesses, commercial properties and the related owner`s interest. This seminar supplies the delegates with the know-how and techniques to objectively do business valuations, including commercial properties. This 2 day seminar provides all the essential best practice principles, tools and techniques to do a comprehensive integrated due diligence and business and share valuations with appropriate valuation methods for different applications. WHO SHOULD ATTEND Accountant, Auditors, Financial Directors, CEO’s Financial Managers, Business Brokers, Financial Analysts, Brokers and Financiers, Venture Capital and Private Equity advisors, commercial attorneys, government tax officials and auditors.
DUE DILIGENCE AUDIT 3 DAY MASTERCLASS INVESTIGATE BEFORE YOU INVEST.pdf
MASTERCLASS OVERVIEW Due diligence is a coherent systematic and focused review, investigation and analysis exercise carried out to evaluate the target business and project with the view to reaching an objective decision on the status of the target business and project. Due diligence activities are conducted in relation to specific focused areas such as, financial due diligence, IT due diligence, and legal due diligence on an integrated basis Some of the due diligence areas to be covered are financial, IT operational, commercial, legal and regulatory, intellectual property, and environmental. Due diligence only can be conducted for both strategic and established business and property operations. Due diligence must be due right…first time…to ensure you know what you’re getting including the problems and risks ¬before you proceed with the transaction. WHO SHOULD ATTEND Every Company Director, Professional Accountant, Auditor, Commercial Attorney, CEO, Financial Director, Banker and Financier, Investment Analyst, Venture Capitalist, Private Equity Advisor and Government Officials, Company Secretary MASTERCLASS SEMINAR PURPOSE The purpose of a due diligence is for the investor, buyer and financial institution to be empowered to be able understand the transaction, to negotiate the transaction, to assess the value of the transaction and to ensure that returns and rewards are greater than the risks and exposure of the transaction.
Our in-house training solution will allow us to host the training programme at your venue and on your chosen dates & times. This training solution will also allow us to customise the training programme to your specific needs and business model. This also allows for very large number of participants to receive the benefits of the training in one group. Before the training takes place you will receive a pre course questionnaire so we know exactly what areas of training to focus on for your business or government department.