The coronavirus pandemic has forced businesses to rapidly adapt processes, procedures, and policies – while maintaining compliance and controls. In this special, three-part webinar series, GRC guru Michael Rasmussen takes a look at the classic three lines of defence as a means to address the challenges of this current crisis – and prepare for what’s ahead.
Part 1: Engaging the First Line of Defence in a Time of Crisis
In a crisis like the current coronavirus pandemic, the frontlines of organisations must be engaged in risk and compliance. Business is changing rapidly, processes are evolving, and organisations are figuring out how to operate with remote workforces. Involving the entire organisation – from operational management down to frontline employees – is critical in managing risk and maintaining compliance and control. This on-demand webinar identifies what organisations need to be doing to engage the frontlines in this time of crisis within the context of GRC.
Part 2: Monitoring Risk in the Second Line of Defence in a Time of Crisis
Business today is drastically different from a few short months ago. The back office of risk and compliance (GRC) functions must adapt to changing business processes and remote employee dynamics. New paradigms of business – even temporary ones – introduce new risk and compliance challenges. The organisation must adjust while staying within boundaries of acceptable risk and maintaining compliance and control. This will require risk and compliance roles to monitor risk in a very different environment. This on-demand webinar identifies what organisations need to be doing to advance back-office GRC functions in a time of crisis.
Part 3: Providing Assurance and the Role of the Third Line of Defence in a Time of Crisis
In a time of crisis, audit and assurance functions must adapt. Where these functions have previously focused on internal control over financial reporting, in a changing business and economic environment, they now must provide assurance on operational integrity and assess the impact of an evolving environment on business operations. Audit and assurance roles are there to provide validation that the organisation is staying within boundaries and that new financial and operational processes are effectively controlled so the organisation can meet objectives throughout a crisis. This on-demand webinar identifies what organisations need to do to adapt internal audit and assurance functions in a time of crisis.
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