Understanding Enterprise Risk Governance, Assurance and Control Frameworks

Understanding Enterprise Risk Governance, Assurance and Control Frameworks

Risk Management Training: Risk, Governance, Assurance, Controls, Applications

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Platform:
Online
In-class
Date Venue Duration
23 - 27 November 2026 Sandton, Gauteng 5 Days
18 - 22 January 2027 Sandton, Gauteng 5 Days
08 - 12 March 2027 Sandton, Gauteng 5 Days
03 - 07 May 2027 Sandton, Gauteng 5 Days
21 - 25 June 2027 Sandton, Gauteng 5 Days

Course Introduction

This Understanding Enterprise Risk Governance, Assurance and Control Frameworks course provides you with a general overview of all main aspects of risk management, starting from the definition of the term and going through the building blocks of the total integrated Enterprise Risk Management (ERM) model, together with its related risk governance arrangements. It will enable participants to appreciate the need and urgency to revisit their existing risk management framework, with an aim to improve and align it with the overall organisational strategic plan.

 

It will also allow a better understanding and clarity on the functional structures, roles, and responsibilities required to be put in place to ensure effective risk management implementation enterprise-wide.

Course Objectives

By the end of this Understanding Enterprise Risk Governance, Assurance and Control Frameworks course, participants will:
 
  • Understand the definitions of key terms of risk and risk management
  • Explore the different stages of the risk management process
  • Learn the tools and techniques used for risk assessment
  • Study risk formulation, risk ranking, and risk treatment
  • Learn about risk appetite, risk tolerance, and risk escalation
  • Understand the Enterprise Risk Management model, including current AI governance considerations within COSO ERM and ISO 31000
  • Study the risk governance framework

Who should attend?

  • Risk / Compliance Management Function
  • Executive Management and Directors
  • Governing Body & CEO Level
  • Senior Management and Middle Management
  • Senior Risk Officers
  • Internal Audit Function
  • Internal Control Function
Audit, Risk and Governance courses

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Day 1: Introduction to Risk Management
Module 1: What is Risk? Definition, Types & Classification
  • Activity: Risk Mapping Exercise.
Module 2: The Role of Risk Management in Modern Enterprises
  • Case Study: A Historical Look at Major Corporate Failures.
Module 3: The Risk Management Process – Identification, Assessment, Mitigation & Review
  • Workshop: Risk Assessment Simulation.

Day 2: Risk Governance & Stakeholders
Module 4: Principles of Risk Governance
  • Discussion: Board's Role in Risk Oversight.
Module 5: Stakeholder Roles in Risk Governance: CRO, CEO, Board, etc.
  • Activity: Role-Playing Stakeholder Risk Conversations.
Module 6: Designing a Risk Governance Framework
  • Workshop: Drafting a Risk Governance Charter.

Day 3: Risk Assurance — Ensuring Risk Oversight
Module 7: Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs)
  • Exercise: Designing Effective KRIs for a Hypothetical Company.
Module 8: The Role of Internal Audit in Risk Assurance
  • Case Study: Effective Risk-Based Auditing.
Module 9: Integrating Risk Assurance with Business Strategy
  • Group Discussion: Best Practices from Industry Leaders.

Day 4: Control Frameworks — Design & Evaluation
Module 10: Introduction to Popular Control Frameworks: COSO ERM (2017) and ISO 31000:2018
  • Both frameworks remain the dominant global standards in 2026, and both now address AI governance through complementary guidance — including the NIST AI Risk Management Framework, which extends similar risk-management thinking specifically to artificial intelligence
  • Activity: Comparing and Contrasting Different Frameworks.
Module 11: Implementing Control Frameworks: Steps, Challenges & Best Practices
  • Workshop: Creating a Control Implementation Roadmap.
Module 12: Evaluating the Effectiveness of Control Frameworks
  • Exercise: Evaluating Control Framework Case Studies.

Day 5: Case Studies & Real-World Applications
Module 13: Analysing Real-World Risk Management Failures
  • Group Discussion: Lessons Learned and Preventive Measures.
Module 14: Innovations in Risk Management: Digital Tools, AI Governance & the NIST AI RMF
  • AI governance as an emerging risk category in its own right, alongside climate-related financial disclosure and geopolitical supply chain risk
  • How COSO ERM and ISO 31000 are being extended to address AI risk specifically
  • Presentation: Future of Risk Management Technology.
Module 15: Capstone Activity: Enterprise Risk Management Project
  • Workshop: Designing a Comprehensive ERM Strategy for a Hypothetical Organisation.

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Success Stories

Discover how our courses enhance professionals’ effectiveness in their workplaces.

Central Bank of Lesotho

Fraud Risk Management

The Fraud Risk Management training was clear, practical, and very relevant to day-to-day work. Content was well structured and the real world case studies made concepts easy to apply. Presenter knowledge and engagement kept the session interactive. Overall a valuable program that strengthened my understanding of fraud detection, prevention, and regulatory requirements.

Central Bank of Lesotho

Fraud Risk Management

The facilitator was exceptionally good, approachable eloquent and was able to structure the course content to relate to our specific work designations, it was just perfect service delivery

Central Bank of Lesotho

Fraud Risk Management

Keep up the good work which I experienced during my training being training materials offered and great hospitality we received from all the staff members

Centenary Rural Development Group Ltd

Risk Management for Risk champions

Very informative course with good content and benchmarks of key players in South Africa. We are able to agree a plan on how to build an enterprise risk management framework for a developing group of companies. Several references to guide us and experienced Facilitators

GEMS

Auditing the ESG Process Masterclass

Very happy with the training. It was excellently delivered and comprehensively covered all critical aspects of ESG and effectively contextualised them within the environments of our respective organisations.

North West Gambling Board

Risk Management in the Public Sector

The course was eye opening and exceeded my expectations.

FAQs – Understanding Enterprise Risk Governance, Assurance and Control Frameworks

Master enterprise risk governance, assurance, and control frameworks, learning ERM implementation, COSO and ISO 31000 standard alignment, internal control design, and risk oversight structures to secure organizational resilience.

What is covered in the Understanding Enterprise Risk Governance, Assurance, and Control Frameworks course?
The course covers enterprise risk management (ERM) architecture, corporate governance principles, internal control frameworks (such as COSO and ISO 31000), combined assurance models, and aligning risk oversight with strategic objectives.
Who should attend this Enterprise Risk Governance and Control Training?
This training is designed for risk officers, internal auditors, compliance managers, executive directors, governance professionals, and operational managers seeking a comprehensive understanding of integrated risk, control, and assurance frameworks.
How does this course help organizations integrate risk governance and internal controls?
Delegates learn practical methodologies to map internal controls directly to identified enterprise risks, evaluate control design and operating effectiveness, and bridge the gap between board-level governance and operational execution.
Will delegates learn how to structure a combined assurance framework?
Yes. The curriculum explores coordinating assurance providers across management oversight, risk management, compliance, and internal audit to eliminate duplication and provide the board with holistic control assurance.
Does the masterclass incorporate international governance and risk standards?
Yes. The training aligns core concepts with globally recognized frameworks including COSO ERM, ISO 31000, and King IV/King V governance principles, ensuring robust and benchmarked organizational practices.
Why is understanding enterprise risk and control frameworks critical for leaders?
Mastering risk governance and control frameworks enables leaders to protect corporate assets, ensure regulatory compliance, make risk-informed strategic decisions, and enhance overall organizational resilience.

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