Course Details

Organizations spend ample time and money to ensure all associated business risks are mitigated. Except few, most business risks are not accidental but incidental and have definite causes and cures. Majority of these risks stem from staff, suppliers, debtors, business partners etc. Audit frameworks usually focus only one side of picture i.e. creating safeguard against them rather then addressing the source of risk.

Undoubtedly, in most high profile corporate frauds the most important thing missing was ethical commitment both on the part of organization as well as staff which resulted in a big disaster. This workshop will offer an insight on how internal controls can be effectively managed through providing effective guidance to staff incase of ethical dilemma and conflict of interest they fact at work place and auditors can evaluate organizational risk through evaluating "Standard of Business Conduct" of organization.

Key Deliverables  1. Learn the scope and objective of ethical audit 2. Understand what are ethics and why they are not law 3. Get acquaintance of value based vs compliance based approach to ethics 4. Take insight of ethical audit framework  5. Enhance your skills to evaluate "Standard of Business Conduct" of your organization  6. Master understanding of ethical dilemmas and situation of conflict of interest 7. Identify organization's ethical tolerance limits 8. Evaluate organization ethical control and reporting framework 9. Get Insight of ethical monitoring and appraisal framework at work

Who Should Attend a. Audit Staff b. Accounts & Finance Staff c. Sales & Marketing Staff d. Procurement & Supply Chain Staff e. Departmental Heads f. IT & Legal Department g. Security Staff h. Corporate Relationship Managers i. Non-Finance Managers