Introduction to Risk & Compliance Matrix for Internal Audit, SOX404, and Assurance
Learn to prepare a risk and control matrix, from process narratives and flow diagrams to designing controls and evaluating their design and operating effectiveness.
Speaker
Marna Steuart
Internal auditor · 20+ years in audit
Overview
Static audit programs no longer fit today's complex, changing risk and compliance environment. Professionals need to assess each business process with a risk-based approach and document risks and controls for every engagement. This 90-minute risk and control matrix training shows how.
You'll learn what information and supporting documents the matrix needs, including the process narrative and process flow diagram, the elements a matrix contains, and the steps to prepare it. The session also covers what a finished matrix delivers and what happens next.
Along the way, you'll review internal control objectives, components and frameworks, and how to design controls and evaluate their effectiveness.
Why attend: Whether you're planning a SOX engagement, an internal audit, a regulatory compliance review or another evaluation, it can be hard to know where to start and how to document risks and controls. This webinar is designed to give newer risk and compliance professionals that skill. It also suits internal and external auditors, compliance, finance and operational risk professionals, board and audit committee members and departmental managers.
What’s covered
- Information needed to prepare the risk and control matrix
- Supporting documents: the process narrative and process flow diagram
- Elements of a risk and control matrix
- The process for preparing the matrix
- The outcome of a completed matrix
- Next steps after the matrix is complete
Who should attend
What you get
About the speaker
Marna Steuart has been in the audit industry for over twenty years. Ms. Steuart began her career with a big four firm as an external auditor, then as an internal auditor in different capacities in various industries. Ms. Steuart has performed collective bargaining contracts, and construction contract audits of several third-party contracts. She has also performed vendor contract audits of purchase power contracts and third-party vendor contracts for services throughout her career as an internal auditor. She has firsthand knowledge of where to look in a contract for possible risks and of case studies that would save thousands of dollars’ for organizations.
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