Surviving in a post pandemic world

Presented by: Mat Cooling

As the world begins to emerge from the pandemic which has rocked the world’s economic, financial and sociological structures we as a profession must begin to ask ourselves what risks does this new environment pose and more importantly are we asking the right questions of management to provide assurance over these risks.

This course will focus on the short term risks that organisations will be grappling with and finish with an overview of some of the longer term or structural risks that we will all have to address as the years progress. 

Who should attend?

This is a must attend for all internal auditors and other assurance professionals as we leave pandemic restrictions and government support.  No specific experience or knowledge is required.

What will I learn? 

Upon completion you will be able to:

• articulate the key short-term risks that organisation’s will be facing covering:
  • financial
  • resourcing
  • cultural
  • IT and estate

• have a good awareness of the structural risks and how as a profession we can shine a light on them.

Course programme

This short course will focus on the two key topics of short term risks as we transition out of lockdown and government support and the more structural risks that have arisen as a result of the pandemic.

Short term risks

• Financial
• removal of government support
• cash flow risks
• supplier risk
  
  
• Resourcing
• rolling lockdowns
• globalisation of the labour market
  
  
• Cultural
• continuation of remote working
• cultural shift away from 9-5
  
  
• IT and estate
• cyber risks from more flexible working
• implications of a globalised work force
• rationalisation of estate

Structural risks

• implications of the largest government debt since World War II
• tightening of monetary policy to address inflation
• long covid

CPE competency areas covered

• Performance - (Engagement fieldwork | Risk management | Internal control)

 2.5 CPE points