TFIP - RISK MANAGEMENT AND AUDITING: A PRACTICAL GUIDE (SF)

TFIP - RISK MANAGEMENT AND AUDITING: A PRACTICAL GUIDE (SF)

Course Duration

16.0 hr(s)

Mode of Assessment

Written Assessment, Oral Questioning, Written Test

Who Should Attend

Individuals from any domain of work at any level of specialty or project work seeking to understand IT Risk Management and Auditing to be able to provide information as required by IT auditors.

What's In It for Me

  • Gain an introductory level knowledge of audit compliance and risk management.
  • Be enabled to contribute more effectively on risk assessment and strategies to mitigate organizational risks. 
  • Interpret relevant regulatory requirements compliance frameworks and relate key compliance areas and risk factors.

Course Overview

This is a 2-day programme designed to provide learners with a comprehensive understanding of the principles, methodologies, and practices involved in managing risks and conducting audits in the field of Infocomm Technology (ICT). The course equips learners with the necessary knowledge and skills to identify, assess, mitigate, and manage risks, as well as effectively perform audits to ensure compliance, security, and operational efficiency. The course will be delivered through a combination of lectures, case studies, practical exercises, group discussions, and hands-on projects. Students will have the opportunity to apply their knowledge and skills in real-world scenarios, simulating risk management and auditing practices in the ICT industry.

In Partnership with


Course Schedule

Next available schedule

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Course Objectives

Upon completing this course, participants will be able to:

  • Articulate the principles and importance of audit compliance and risk management.
  • Interpret relevant regulatory requirements compliance frameworks and relate key compliance areas and risk factors within an organization.
  • Examine key compliance areas and risk factors within an organization.
  • Demonstrates effective techniques for conducting compliance audits and reporting findings.
  • Discover risk assessment and management strategies to mitigate organizational risks.
  • Examine the role of internal controls in compliance management and monitoring.
  • Discover audit and compliance technologies and their applications.
  • Practice fraud detection and prevention techniques and corelate the role of auditors in this process.
  • Demonstrate ethical considerations and professional responsibilities in audit compliance and risk management.
  • Understand what constitutes a project

Pre-requisites

The admission requirements are: 

  • Read, write, and speak English at WPL Level 6
  • Manipulate numbers at WPN Level 4 
  • Hardware & Software
    • This course will be conducted as a Virtual Live Class (VLC) via Zoom platform.
    • Participants must own a Zoom account and have a laptop or a desktop with “Zoom Client for Meetings” installed. Download from zoom.us/download. 

System Requirement

Must-have:
Please ensure that your computer or laptop meets the following requirements. 

  • Operating system: Windows 10 or MacOS (64 bit or above) 
  • Processor/CPU: 1.8 GHz, 2-core Intel Core i3 or higher 
  • Minimum 20 GB hard disk space 
  • Minimum 8 GB RAM 
  • Webcam (camera must be turned on for the duration of the class) 
  • Microphone 
  • Internet Connection: Wired or Wireless broadband 
  • Latest version of Zoom software to be installed on computer or laptop prior to the class. 

Good-to-have: 

  • Wired internet connection
    Wired internet will provide you with stable and reliable connection. 
  • Dual monitors
    Using a dual monitor setup will undoubtedly improve your training experience, enabling you to simultaneously participate in hands-on exercises and maintain engagement with your instructor. 

Not recommended: 
Using tablets are not recommended due to their smaller screen size, which could cause eye strain and discomfort over the course of the program's duration. 

Course Outline

  1. Introduction to Risk Management
  2. Regulatory Environment and Frameworks
  3. Risk Identification and Assessment
  4. Risk assessment methodologies and tools
  5. Risk Mitigation and Control
  6. Operational Risk Management
  7. Digital Risk Management
  8. Fraud Detection and Prevention
  9. Compliance Auditing Techniques
  10. Conducting Risk-Based Audits
  11. Internal Controls and Compliance Audits
  12. Emerging Trends in Risk and Auditing

Certificate Obtained and Conferred by

  • Upon meeting the attendance and assessment(s) criteria, participants will be awarded with a digital Statement of Attainment (SOA), accredited by SkillsFuture Singapore. SOA will be reflected as [ICT-SNA-3001-1.1 Audit and Compliance].

  • Upon meeting the attendance and assessment(s) criteria, participants will be awarded with a digital Certificate of Completion from NTUC LearningHub.

Additional Details

Medium of Instruction: English
Trainer to trainee ratio: 1:20
Mode of Delivery: Virtual Live Class (VLC) via Zoom or Physical class

Price

Course Fee and Government Subsidies

  

Individual Sponsored 

Company Sponsored 

 

Non-SME 

SME 

Before GST 

With GST 

Before GST 

With GST 

Before GST 

With GST 

Full Course Fee
(For Foreigners and those not eligible for subsidies)

$2,200.00

$2,398.00

$2,200.00

$2,398.00

$2,200.00

$2,398.00

For Singapore Citizens aged 39 years and below
and
For all Singapore Permanent Residents
(The minimum age for individual sponsored trainees is 21 years)

$660.00

$719.40

$660.00

$719.40

$220.00

$279.40

For Singapore Citizens aged 40 years and above

$220.00

$279.40

$220.00

$279.40

$220.00

$279.40

 

Funding Eligibility Criteria

Individual Sponsored Trainee

Company Sponsored Trainee
  • Singapore Citizens or Singapore Permanent Residents
  • From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses.
  • Trainee must achieve at least 75% attendance.
  • Trainee must pass all prescribed tests / assessments and attain 100% competency.
  • NTUC LearningHub reserves the right to claw back the funded amount from trainee if he/she did not meet the eligibility criteria.
  • Singapore Citizens or Singapore Permanent Residents
  • From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses.
  • Trainee must achieve at least 75% attendance.
  • Trainee must pass all prescribed tests / assessments and attain 100% competency.
  • NTUC LearningHub reserves the right to claw back the funded amount from the employer if trainee did not meet the eligibility criteria.

 

Remarks

Individual Sponsored Trainee

Company Sponsored Trainee

SkillsFuture Credit: 

  • Eligible Singapore Citizens can use their SkillsFuture Credit to offset course fee payable after funding.

UTAP: 

  • This course is eligible for Union Training Assistance Programme (UTAP).
  • NTUC members can enjoy up to 50% funding (capped at $250 per year) under UTAP.

PSEA: 

  • To check for Post-Secondary Education Account (PSEA) eligibility for this course, visit:

(a) SkillsFuture (TGS-2023038644) for Virtual Learning Class (VLC)​

(b) SkillsFuture (TGS-2023038643) for Face-to-Face class

  • Scroll down to “Keyword Tags” to verify for PSEA eligibility.
  • If there is “PSEA” under keyword tags, the course is eligible for PSEA.  
  • And if there is no “PSEA” under keyword tags, the course is ineligible for PSEA. 
  • Not all courses are eligible for PSEA funding.

Absentee Payroll (AP) Funding: 

  • $4.50 per hour, capped at $100,000 per enterprise per calendar year.
  • AP funding will be computed based on the actual number of training hours attended by the trainee.
  • Note: Courses / Modules under Professional Conversion Programme (PCP) will not be eligible for AP funding claim.

 

Terms & Conditions apply. NTUC LearningHub reserves the right to make changes or improvements to any of the products described in this document without prior notice.

Prices are subject to other LHUB miscellaneous fees.

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