(Please go to our services section and our documents and brochures section to view our latest updates and offerings)
 
 
 
 
 
 
 
COMBINED ASSURANCE
 
Combined Assurance is an integrated assurance model based on the business model and risk profile of the company, and the competence and skills of the assurance service providers in relation to the Five Lines of Defence.
 
 
ENTERPRISE RISK GOVERNANCE AND RISK MANAGEMENT
 
Business strategy and enterprise risk governance and management are the two sides of the coin of value creation.
KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• What is wrong with the Traditional Assurance Model?
• What are the goals, features of Combined Assurance?
• How does Combined Assurance tie in with Integrated Reporting?
• Who must take ownership of the Combined Assurance Process?
• Where does one start in implementing a Combined Assurance Plan? 
 
KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• What is the difference between Risk Governance and Risk Management?
• The role of the Board Risk Committee.
• Implementing an Enterprise-wide Risk Management System.
• Importance of Risk Registers, Risk Reporting and the Risk Function.
• Risk Management and Internal Controls.
• Risk Governance and Risk Management Maturity Test.
 
EXECUTIVE PAY AND COMPENSATION
 
Executive pay and compensation needs to be structured to optimise the performance of directors, executive and prescribed officers, and the compensation policies and procedures must ensure that it is in the best interests of the company within the framework of corporate accountability to the shareholders.
 
 
KEY AUDIT MATTERS AND THE NEW AUDITOR’S REPORT
 
Enhanced auditor reporting is critical in influencing the value of the financial statement audit, and the new auditor’s report is set to enhance the communicative value of the auditor’s report in the public interest.
KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• How does corporate accountability impact on the approval of director compensation policies and procedures?
• What does the New South African Companies Act say about Director and Executive Compensation / Remuneration?
• What is the draft King IV’s recommendation on executive remuneration?
• How does the authority of shareholders apply to executive pay and compensation?
• What is the Role of the Board Remuneration Committee?
• What are the disclosure requirements of Directors Pay and Compensation / Remuneration? 
 
KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• What is wrong with the existing external audit function?
• The external audit, corporate misgovernance and the financial crisis.
• The role of the external auditor and new assurance standards.
• Key considerations that influence Key Audit Matters and the New Auditor’s Report, including the Going Concern Test.
• What are Key Audit Matters?
• Three types of external auditor reports.
• What are the auditing disclosures for listed companies?
• How should the CFO/ Financial Director get involved with key audit matters?
• What is the role of the International Auditing and Assurance Standards Board?
• What are the Reportable Irregularities?
 
CORPORATE GOVERNANCE BEST PRACTICES FUNDAMENTALS
 
Corporate Governance regulates the exercise of power (e.g. authority, controls and direction) within a company, in order to ensure that the company’s purposes are achieved, namely, the creation of sustainable shareholder value.
The board governs and directs.
The management manages and controls.
 
 
AUDIT COMMITTEE BEST PRACTICES
 
The Audit Committee is an independent oversight committee reporting to the shareholders with the purpose of enhancing accountability and transparency and ensuring the integrity and credibility of the financial accounting function.
KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• Global good corporate governance principles, values and practices for the Board and Directors.
• Good board corporate governance fundamentals.
• How does the proposed King IV differ from King III?
• Who audits the Board of Directors?
• What is the Board Role Matrix?
• What is the basis of a Corporate Governance Maturity Test?
 
KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• What is a risk-based Audit Committee?
• What are the key deliverables of the Audit Committee?
• Who audits the Audit Committee?
• How should the Audit Committee evaluate the external auditors and internal audit function?
• What is the role of the Audit Committee in Combined Assurance?
• Should the Audit Committee be separated from the Risk Committee? 
 
COMFORMANCE AND COMPLIANCE
 
Compliance risk is the risk of missing a regulatory obligation and suffering the consequences as a result.
 
SHAREHOLDERS’ RIGHTS AND SHAREHOLDER ACTIVISM
 
Shareholders are the proprietary owners of the company and are also the risk financiers of the company. Shareholders need to take a proactive role to protect and create shareholder wealth, by ensuring their roles, responsibilities and rights are fully utilised.
 
KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• What is the Compliance Framework?
• What is Compliance Risk?
• Balancing Conformance with Performance.
• The Compliance Audit.
• The Corporate Tests applicable to Directors and Prescribed Officers.
• What is Reckless Trading?
• How does the Business Judgement Rule protect directors?
 
KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• Shareholders’ rights versus Directors’ rights.
• Investors versus Shareholders.
• How do Shareholders govern in terms of the New Companies Act?
• What is Shareholder Activism?
• What access to company and financial records do Shareholders have?
 
 
All the above programmes can be customised according to your specific requirements and can be conducted as in - house training at your business premises and preferred dates.
 
Please go to our services section and our documents and brochures section to view our latest updates and offerings.
 
 

(Please go to our services section and our documents and brochures section to view our latest updates and offerings)
 
 

 
 

 
 
 

COMBINED ASSURANCE
 
Combined Assurance is an integrated assurance model based on the business model and risk profile of the company, and the competence and skills of the assurance service providers in relation to the Five Lines of Defence.
 
 
ENTERPRISE RISK GOVERNANCE AND RISK MANAGEMENT
 
Business strategy and enterprise risk governance and management are the two sides of the coin of value creation.

KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• What is wrong with the Traditional Assurance Model?
• What are the goals, features of Combined Assurance?
• How does Combined Assurance tie in with Integrated Reporting?
• Who must take ownership of the Combined Assurance Process?
• Where does one start in implementing a Combined Assurance Plan? 
 
KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• What is the difference between Risk Governance and Risk Management?
• The role of the Board Risk Committee.
• Implementing an Enterprise-wide Risk Management System.
• Importance of Risk Registers, Risk Reporting and the Risk Function.
• Risk Management and Internal Controls.
• Risk Governance and Risk Management Maturity Test.
 

EXECUTIVE PAY AND COMPENSATION
 
Executive pay and compensation needs to be structured to optimise the performance of directors, executive and prescribed officers, and the compensation policies and procedures must ensure that it is in the best interests of the company within the framework of corporate accountability to the shareholders.
 
 
KEY AUDIT MATTERS AND THE NEW AUDITOR’S REPORT
 
Enhanced auditor reporting is critical in influencing the value of the financial statement audit, and the new auditor’s report is set to enhance the communicative value of the auditor’s report in the public interest.

KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• How does corporate accountability impact on the approval of director compensation policies and procedures?
• What does the New South African Companies Act say about Director and Executive Compensation / Remuneration?
• What is the draft King IV’s recommendation on executive remuneration?
• How does the authority of shareholders apply to executive pay and compensation?
• What is the Role of the Board Remuneration Committee?
• What are the disclosure requirements of Directors Pay and Compensation / Remuneration? 
 
KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• What is wrong with the existing external audit function?
• The external audit, corporate misgovernance and the financial crisis.
• The role of the external auditor and new assurance standards.
• Key considerations that influence Key Audit Matters and the New Auditor’s Report, including the Going Concern Test.
• What are Key Audit Matters?
• Three types of external auditor reports.
• What are the auditing disclosures for listed companies?
• How should the CFO/ Financial Director get involved with key audit matters?
• What is the role of the International Auditing and Assurance Standards Board?
• What are the Reportable Irregularities?
 

CORPORATE GOVERNANCE BEST PRACTICES FUNDAMENTALS
 
Corporate Governance regulates the exercise of power (e.g. authority, controls and direction) within a company, in order to ensure that the company’s purposes are achieved, namely, the creation of sustainable shareholder value.
The board governs and directs.
The management manages and controls.
 
 
AUDIT COMMITTEE BEST PRACTICES
 
The Audit Committee is an independent oversight committee reporting to the shareholders with the purpose of enhancing accountability and transparency and ensuring the integrity and credibility of the financial accounting function.

KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• Global good corporate governance principles, values and practices for the Board and Directors.
• Good board corporate governance fundamentals.
• How does the proposed King IV differ from King III?
• Who audits the Board of Directors?
• What is the Board Role Matrix?
• What is the basis of a Corporate Governance Maturity Test?
 
KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• What is a risk-based Audit Committee?
• What are the key deliverables of the Audit Committee?
• Who audits the Audit Committee?
• How should the Audit Committee evaluate the external auditors and internal audit function?
• What is the role of the Audit Committee in Combined Assurance?
• Should the Audit Committee be separated from the Risk Committee? 
 

COMFORMANCE AND COMPLIANCE
 
Compliance risk is the risk of missing a regulatory obligation and suffering the consequences as a result.
 
SHAREHOLDERS’ RIGHTS AND SHAREHOLDER ACTIVISM
 
Shareholders are the proprietary owners of the company and are also the risk financiers of the company. Shareholders need to take a proactive role to protect and create shareholder wealth, by ensuring their roles, responsibilities and rights are fully utilised.
 

KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• What is the Compliance Framework?
• What is Compliance Risk?
• Balancing Conformance with Performance.
• The Compliance Audit.
• The Corporate Tests applicable to Directors and Prescribed Officers.
• What is Reckless Trading?
• How does the Business Judgement Rule protect directors?
 
KEY FEATURES AND QUESTIONS TO BE COVERED:
 
• Shareholders’ rights versus Directors’ rights.
• Investors versus Shareholders.
• How do Shareholders govern in terms of the New Companies Act?
• What is Shareholder Activism?
• What access to company and financial records do Shareholders have?

 
 

All the above programmes can be customised according to your specific requirements and can be conducted as in - house training at your business premises and preferred dates.
 
Please go to our services section and our documents and brochures section to view our latest updates and offerings.