Planning and Risk Assessment Training Course

This instructor-led, live training in Norway (online or onsite) is tailored for intermediate to advanced finance and asset management professionals seeking to optimize asset tracking, control, and compliance with International Financial Reporting Standards (IFRS).

Upon completion of this training, participants will be equipped to:

• Classify and configure fixed assets in accordance with IFRS regulations.
• Oversee asset creation, acquisition, and capitalization processes.
• Establish control measures for effective asset tracking and monitoring.
• Apply suitable depreciation and amortization techniques.
• Efficiently manage asset movements, transfers, and disposals.
• Ensure compliance with financial reporting and audit requirements.

This instructor-led, live training in Norway (online or onsite) is designed for intermediate-level finance and accounting professionals who wish to effectively manage, value, and audit fixed assets in compliance with accounting standards and regulations.

By the end of this training, participants will be able to:

• Comprehend the lifecycle and classification of fixed assets.
• Apply both local and international accounting standards to asset valuation and depreciation.
• Manage fixed assets utilizing appropriate controls, tools, and procedures.
• Ensure compliance with legal and tax frameworks pertinent to asset management and reporting.

Course objective:

Equip participants with a solid grasp of GRC processes and capabilities, enabling them to effectively integrate governance, performance management, risk management, internal control, and compliance activities.

Course summary:

• Essential GRC terminology and definitions
• Core principles of GRC
• Key components, best practices, and operational activities
• How GRC intersects with other professional disciplines

Overview

Regulators worldwide are increasingly connecting the level of risk a bank assumes with the capital reserves it must maintain, prompting financial institutions to adopt risk-based management practices. As banks, their offerings, regulatory frameworks, and the global market grow in complexity, effective risk management faces escalating challenges. A crucial insight from the banking crises of recent years is that risks are deeply interconnected; to manage them efficiently, banks must comprehend these interactions.

Key features of this course include:

• An explanation of current risk-based regulatory standards
• A comprehensive review of the primary risks confronting banks
• Industry best practices for implementing an enterprise-wide approach to risk integration
• The use of governance techniques to foster a group-wide culture where every employee actively participates in risk management aligned with strategic objectives
• An exploration of potential future challenges for risk managers

The course extensively utilizes case studies to explore, examine, and reinforce the concepts and ideas presented over the five days. Historical bank events will be analyzed throughout the course to highlight instances of risk management failures and discuss the actions that could have prevented associated losses.

Objectives

The primary objective of this course is to assist bank management in implementing a suitable integrated strategy for managing complex and evolving risks and regulations within the contemporary international banking sector. Specifically, the course aims to provide senior-level management with an understanding of:

• Major risks within the financial industry and key international risk regulations
• Strategies for managing a bank’s assets and liabilities while maximizing returns
• The interactions between different risk types and how banks utilize an integrated management approach
• Corporate governance and best practices for managing the diverse interests of stakeholders
• Methods for cultivating a risk governance culture as a tool to minimize unnecessary risk-taking

Who should attend this seminar

This course is designed for individuals new to integrated risk management, senior managers responsible for strategic risk management, or those seeking to deepen their understanding of enterprise risk management. It is beneficial for:

• Board-level bank management
• Senior managers
• Senior risk managers and analysts
• Senior directors and risk managers responsible for strategic risk management
• Internal auditors
• Regulatory and compliance personnel
• Treasury professionals
• Asset and liability managers and analysts
• Regulators and supervisory professionals
• Suppliers and consultants to banks and the risk management industry
• Managers of corporate and risk governance

This training course centres on the information security risk management process outlined by ISO/IEC 27005, along with the standard's overall structure.

Participants will gain an overview of the guidelines provided in ISO/IEC 27005 for managing information security risks, covering topics such as establishing context, risk assessment, risk treatment, communication and consultation, documentation and reporting, as well as monitoring and review.

Upon completing the training course, you may register for the Foundation Exam. By successfully passing this exam, you become eligible to apply for the “PECB Certificate Holder in ISO/IEC 27005 Foundation” certification.
Foundation Exam (additional cost): Duration: 1 hour, Questions: 40, Delivery: Online

Holding a PECB Foundation certificate demonstrates that you possess a solid understanding of the fundamental concepts, principles, methodologies, processes, and management approaches applied within information security risk management.

This instructor-led, live training in Norway (online or onsite) is designed for intermediate-level professionals who wish to develop a systematic approach to identifying, analyzing, and resolving problems using RCA methodologies.

Upon completion of this training, participants will be able to:

• Grasp essential RCA concepts and continuous improvement cycles.
• Utilize various RCA tools to pinpoint the root causes of problems.
• Formulate and execute effective problem-solving strategies.
• Incorporate RCA into organizational initiatives for improvement and prevention.

The primary objective of this programme is to shift the audit function from a reactive approach focused on 'identifying issues' to a proactive strategy centred on 'preventing problems'. By mastering Root Cause Analysis, the Internal Audit team will specifically focus on eliminating recurring findings. This ensures that once a weakness is identified, the recommendations offer a permanent solution, thereby protecting the organisation's operational efficiency and financial integrity.

Failing to implement structured RCA creates a high-risk environment:

• Financial Erosion: Unaddressed root causes in financial processes result in cumulative losses that increase over time.
• Resource Wastage: Auditors spend 40% more time re-auditing the same failed controls rather than concentrating on new strategic risks.
• Diminished Authority: Continuously reporting the same issues undermines the Audit Division's influence with senior management and auditees.

This instructor-led, live training in Norway (online or in-person) is designed for intermediate-level internal auditors seeking to enhance their audit effectiveness by applying structured RCA techniques.

Upon completing this training, participants will be capable of:

• Comprehending RCA methodologies and their significance within internal auditing.
• Identifying and analyzing the root causes associated with audit findings.
• Utilizing RCA tools including the 5 Whys, Fishbone Diagram, and Failure Mode and Effects Analysis (FMEA).
• Creating corrective and preventive action plans grounded in RCA insights.
• Incorporating RCA into the internal audit workflow to strengthen risk management.

This instructor-led, live training (online or onsite) is aimed at intermediate-level safety professionals and operational managers who wish to enhance their ability to investigate incidents, identify systemic weaknesses, and design effective corrective and preventive actions.

Course Objectives:

• Designed as a one-day programme, this training enables participants to:
  • Define risk, understand its origins, and recognise its impact on business operations through heightened awareness.
  • Identify specific scenarios that help the organisation contain and, ideally, eliminate risk.
  • Proactively forecast potential risks and challenges.
  • Explore various techniques for identifying, mitigating, and limiting risk.
  • Collaborate with internal teams to strengthen the organisation’s overall risk management framework.