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One-day course from 8:30 a.m. to 4:30 p.m.
Instructor: Colin E. Wiltshire
& Irene Marchenko
Cost: $695 + GST
(includes training material and CD, certificate of participation,
lunch, breakfast and refreshments)
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| LEVEL: Introductory to Intermediate |
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| OBJECTIVES |
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The goals of this workshop are to develop: an awareness and
understanding of:
- Risk-Based Audit Frameworks (RBAF) requirements;
- the benefits of RBAFs;
- critical factors in planning and preparing successful
RBAFs;
- RBAF components;
- methods and tools for developing an RBAF;
- knowledge and skills in applying risk concepts and systematic
risk assessment.
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DATES
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ABOUT THE WORKSHOP
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The Treasury Board of Canada Secretariat’s (TBS) Policy on
Transfer Payments (PTP) requires that grants and contributions
programs be managed "in a manner that is sensitive to risks"
and that a Risk-Based Audit Framework (RBAF) be prepared as
part of the funding approval process. WC assisted TBS in the
development of a Manager’s RBAF guide and has prepared RBAFs
for several departments and agencies to obtain authority renewals
of grants and contributions programs ranging from $15 million
to $3.2 billion.
Participants will apply systematic risk assessment concepts,
methods and tools, as well as discuss risk-based decision-making
when selecting program and recipient audits and establishing
ongoing monitoring and risk management practices. The workshop
will transfer a proven approach for RBAF development which
meets TBS reporting requirements.
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| WHO SHOULD ATTEND |
- Managers and officers responsible for G&C programs;
- Manager and officers responsible to provide support to
G&C programs;
- Auditors and evaluators of G&C programs; and/or
- Anyone responsible to prepare RMAFs and RBAFs.
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COURSE OUTLINE
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| Introductions, Objectives, Agenda
Introduction to Risk-Based Audit Frameworks (RBAFs)
Review of RBAF Components
- Roles, responsibilities and relationships
- Risk Profile
- Program Risk Identification, Assessment and Management
summary
- Program Monitoring and Recipient Auditing
- Internal Auditing
- Reporting Strategies
Risk Assessment and Management Process
- Focus on Obstacles
- Identify particular concerns and impacts
- Determine existing risk mitigation strategies
- Establish the "residual" risk likelihood and impact
- Develop incremental risk mitigation strategies
- Risk Indicators and Management Plan
Guiding Principles for RBAF Development
Reference Material
Wrap-up and Evaluation
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