Audit and Risk Management


Date: 11th - 14th September 2018

Venue:  Strathmore University

Investment: KES 75,000/USD 750


Audit and Risk Management is the cornerstone of modern business practice in both the private and public sectors. The ability to identify and manage risk and the effect of uncertainty on organisational objectives has never been more obvious. However, many organisations are struggling in their business environment to design and implement effective Business Risk Management (BRM) processes. This 3-day course provides both a theoretical and practical introduction to BRM for middle and senior managers who are either new to the field or need additional support.


The course provides a broad yet comprehensive discussion on the subject of risk

management. It explores both the positive and negative aspects of risk and aims to

provide those attending with improved knowledge and practical skills in the

identification, assessment and control of business risk. 



  • An understanding of the importance of risk management as a discipline and how it links to corporate governance.
  • Knowledge of the definition of risk, and the various models for managing risk.
  • This includes an understanding of the concept of risk as both positive and negative (opportunity and threat)
  • Explored in detail and through practical exercises the activities involved in the management of risk including risk assessment, risk treatment, risk monitoring and the development of risk registers and their integration with resource and business action planning
  • A clear vision of the benefits and positive outcomes to be expected from good risk management.
  • Identified the barriers to embedding risk management within an organisation and knowledge of the critical success factors for making risk management work.
  • How to improve audit committee focus, efficiency and effectiveness
  • Effective audit committee relationships
  • Audit committee and senior management
  • Audit committee, internal and external audit
  • Understanding the boundaries of audit committee member liabilities and strategies to limit liability.
  • When a crisis situation does arise, how should the audit committee handle it?

Target Audience

Middle Level managers, project managers, project coordinators, accountants, personal assistants, grant managers, grant administrators, entrepreneurs, human resource managers, team leaders of private and state corporations, NGO’s and anyone seeking to enhance their professional skills.



  • The concepts and definitions of risk and risk management
  • Risk management standards
  • Enterprise risk management
  • Risk assessment, identification, analysis and evaluation
  • Risk responses and risk treatment
  • An overview of the global business and risk environment
  • Risk architecture, strategy and protocols
  • Risk culture, appetite and tolerance
  • Risk and organisations, including an introduction to corporate governance, project and operational risk management, and supply chain management
  • Organisational risk management, emerging risks and future developments
  • Types and sources of risk information
  • Risk identification techniques
  • Risk prioritisation and rating, including quantitative assessment tools and techniques Ø
  • Quantitative risk analysis and risk modelling
  • Presenting and sharing risk assessment information
  • Risk evaluation, problem solving and decision-making
  • An introduction to risk treatment, including the risk management cycle
  • Evaluating and selecting risk control mechanisms, including the ‘four Ts’
  • Identifying, allocating and resourcing risk controls
  • Monitoring, reviewing and reporting on risk controls
  • Risk financing mechanisms
  • Business continuity management, including the key elements of business continuity planning and the difficulties of predicting future risks.



To register, click here.




Fees Paid in Cash should be deposited into:

Bank details

Name: Strathmore University

Bank: Standard Chartered Bank

Account Number: 0102044844000 (KES): 8702044844000 (USD)

Branch: Karen

Swift Code: SCBLKENX

Admission number code: 99020#1027

  • Fees Paid By Cheque: Nairobi cheques can be paid directly to Strathmore University, but ONLY if the cheque is a banker’s cheque. Payments by personal cheques are not allowed.
  • Bank deposit slips should be completed in duplicate: the top copy is kept by the bank; the
  • Second copy should be given to the University Cashier, who will issue a receipt for it. 




1. Payment for the all courses includes a registration fee, which is non-refundable, and equals 20% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 13 days or less to the training commencement date. However, participants who are unable to attend may opt to attend a similar training at a later date, or send a substitute participant provided the participation criteria have been met.







Contact Details

Madaraka Estate
Ole Sangale Road, PO Box 59857,
00200 City Square
Nairobi, Kenya
Tel: 0703-034000, 0703-034200