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Skills course

Compliance Risk Assessment and Internal Controls

Learn to assess compliance risk and design the controls that manage it, including third-party and corruption risk, then test and report on them.

  • Format Online, self-paced
  • Scope 5 modules and a capstone
  • Duration About 8 h
  • Cost Quote on request

About this course

The course covers risk concepts, running a risk assessment, designing internal controls, third-party and corruption risk, and testing controls and reporting. The capstone is a risk and control matrix.

  • Practice on real tasks and an applied assignment
  • Graded final assessment

A certificate that lists the skills is issued when the final assessment is passed and the applied assignment is submitted.

Content

  1. Module 1

    Risk Concepts

  2. Module 2

    Running a Risk Assessment

  3. Module 3

    Designing Internal Controls

  4. Module 4

    Third-Party and Corruption Risk

  5. Module 5

    Testing Controls and Reporting

  6. Module 6

    Capstone: A Risk and Control Matrix

Who it is for

  • Finance, operations and compliance staff
  • Risk career-changers

Fee and registration

Quote on request

Price Tell us which Skills courses and how many learners, and we send you a quote. Larger orders get volume pricing, and there is no minimum purchase.
Quoted on request
What a license covers Any license can be used on any Skills course: you choose the course when you assign it to a named learner.
One learner on one Skills course
What you need Skills course licenses sit on top of user licenses: a learner has to be a user on the platform.
A TechClass subscription
Access A license is used when it is assigned, whether or not the learner finishes. Unused licenses stay valid for 12 months from purchase.
12 months from assignment

How to get started

  1. Request a quote

    Tell us the Skills courses and the number of learners. We come back with a quote for the licenses and can walk you through the courses in a demo.

  2. Add your people

    Every learner needs a user license on TechClass. Skills course licenses are added on top.

  3. Assign a license to each learner

    Your admin assigns a license from the pool to each named learner on this course. The learner then has 12 months to complete it, at their own pace.

Education organizations and continuous learning departments: a plan of their own, paid per completion and with learner support, is in preparation. Contact us to discuss your program.

Request a quote
Questions, answered

Compliance Risk Assessment and Internal Controls FAQ

Per learner, per course. You buy Skills course licenses as a pool, on top of your user licenses, and your admin assigns one to a named learner on whichever Skills course they need. A license is used when it is assigned, whether or not the learner finishes.

Skills course licenses are quoted on request. Tell us which courses and how many learners you have in mind, and we send you a quote. Larger orders get volume pricing, and there is no minimum purchase.

Yes, with one license for each course. Licenses come from the same pool, so any license can be assigned to any Skills course, and all the licenses in one order count towards the volume price.

About 8 hours of guided learning, in modules, at the learner's own pace. Access lasts 12 months from the day the license is assigned.

Yes. A certificate that lists the skills is issued when the final assessment is passed and the applied assignment has been submitted.

A piece of real work that puts the skills to use. An employee does it on their own job and team; a learner without a suitable workplace does it on a provided case company. The learner checks it against a rubric, and a manager can review it.

No. Every Skills course stands on its own and restates what it relies on, so a learner can start with it directly.

The course is the same for companies and education organizations. A plan for continuous learning departments, paid per completion and with learner support, is in preparation.

English, at this stage.

Compliance

Interested in Compliance Risk Assessment and Internal Controls?

Learn to assess compliance risk and design the controls that manage it, including third-party and corruption risk, then test and report on them.

Full table of contents

Compliance Risk Assessment and Internal Controls

6 modules · 20 sections

Module 1 Risk Concepts

  1. 1.1 Inherent and residual risk
  2. 1.2 Likelihood and impact
  3. 1.3 Risk appetite, and the vocabulary of ISO 31000
  4. 1.4 Compliance risk alongside other risks

Module 2 Running a Risk Assessment

  1. 2.1 Methods
  2. 2.2 Gathering the input: workshops, interviews and data
  3. 2.3 Scoring and heat maps
  4. 2.4 Documenting the assessment

Module 3 Designing Internal Controls

  1. 3.1 The five COSO components
  2. 3.2 Preventive and detective controls
  3. 3.3 Segregation of duties
  4. 3.4 Automated controls and system settings

Module 4 Third-Party and Corruption Risk

  1. 4.1 Due diligence
  2. 4.2 Red flags
  3. 4.3 Contract clauses and ongoing monitoring
  4. 4.4 Gifts, hospitality and conflicts of interest in practice

Module 5 Testing Controls and Reporting

  1. 5.1 The three lines model
  2. 5.2 Control testing
  3. 5.3 Reporting findings
  4. 5.4 Remediation and follow-up

Module 6 Capstone: A Risk and Control Matrix