Learning Outcomes

This masterclass is designed with emerging technologies in mind and ensures that AI is deeply integrated across governance, risk management, compliance, IT audit, and cybersecurity. By the end of this course, participants will:

• Understand the core concepts of GRC, including AI-driven governance and decision-making.
• Be able to apply risk assessment and mitigation techniques, leveraging AI-based predictive analytics for risk management.
• Gain insights into compliance requirements, compliance monitoring and reporting.
• Learn how to implement a GRC strategy within an organization with an emphasis on automation and AI technologies.
• Develop a structured approach to governance, risk, and compliance management, integrating AI tools for efficiency.
• Enhance cybersecurity knowledge and risk management skills, including threat detection and prevention.
• Understand IT audit principles and how to apply them in a GRC framework.
• Be able to assess and implement SOC controls effectively for real-time security compliance.
• Understand third-party risk management and vendor compliance requirements, risk scoring and monitoring.
• Be able to apply GRC frameworks in practical, real-world scenarios, integrating emerging technologies for optimization.

Course Outline

Week 1: Introduction to GRC

• Definition and Importance of GRC
• The Evolution of Governance, Risk, and Compliance
• Key Components of GRC
• GRC in Different Industries
• Role of AI in Modern GRC Practices
• Practical Exercises
• Quiz and assessment

Week 2: Governance Frameworks and Best Practices

• Corporate Governance Principles
• Establishing an Effective Governance Framework
• Role of Leadership and Board of Directors
• Ethical Considerations in Governance
• AI-driven Governance and Decision-Making Tools
• Case Studies on Good and Bad Governance Practices
• Practical Exercises
• Quiz and assessment

Week 3: Enterprise Risk Management (ERM) and Frameworks

• Introduction to ERM and its Role in Organizations
• COSO ERM vs ISO 31000
• Risk Appetite and Risk Tolerance
• Key Risk Indicators (KRIs)
• AI-based Risk Identification and Predictive Analytics
• Practical Exercises
• Quiz and assessment

Week 4: Compliance and Regulatory Requirements

• Importance of Compliance in Business Operations
• Overview of Major Regulations (GDPR, HIPAA, SOX, PCI-DSS, NIST, CCPA, NDPA etc.)
• AI-assisted Compliance Monitoring and Reporting
• Sarbanes-Oxley Act (SOX) Compliance Requirements
• SOX Sections 302 and 404: Internal Control Requirements and Management Accountability
• SOX Controls Testing and Audit Procedures
• Implications for IT and Cybersecurity Teams
• Case Study on SOX Compliance Failures (e.g., Enron, WorldCom)
• Practical Exercises
• Quiz and assessment

Week 5: Information Security Fundamentals

• Introduction to Information Security
• Information Security Policies and Standards
• Data Classification and Protection
• AI in Threat Intelligence and Automated Security Controls
• Access Control and Authentication Methods
• Security Awareness Training
• Practical Exercises
• Quiz and assessment

Week 6: Cybersecurity Governance and Strategy

• Cybersecurity Governance Frameworks
• Cybersecurity Risk Management
• AI in Cyber Threat Detection and Prevention
• Incident Response and Business Continuity Planning
• Cybersecurity Roles and Responsibilities in GRC
• Practical Exercises
• Quiz and assessment

Week 7: IT Audit and Control Frameworks

• Introduction to IT Audit Principles
• IT General Controls (ITGCs) and Application Controls
• AI in IT Audit and Continuous Monitoring
• SOX Internal Controls for IT Audits
• Control Objectives for Information and Related Technologies (COBIT)
• Testing SOX IT General Controls (ITGCs)
• Audit Evidence Collection and Testing
• Practical Exercises
• Quiz and assessment

Week 8: Compliance in Cybersecurity and IT Audit

• Cybersecurity Compliance Requirements
• Data Privacy Laws and Regulations
• AI-based Compliance Automation Tools
• IT Audit Controls and Testing
• Security Audits and Compliance Monitoring
• Best Practices for Meeting Compliance Standards
• Practical Exercises
• Quiz and assessment

Week 9: SOC Controls and Audit Frameworks

• Understanding System and Organization Controls (SOC)
• Trust Service Criteria (Security, Availability, Processing Integrity, Confidentiality, and Privacy)
• SOC Control Automation and Continuous Compliance
• Implementing and Assessing SOC Controls
• Audit Frameworks and Reporting Requirements
• Practical Exercises
• Quiz and assessment

Week 10: Third-Party Risk Management (TPRM) and Vendor Compliance

• Importance of Third-Party Risk Management
• Vendor Due Diligence and Risk Assessments
• Vendor Risk Scoring and Monitoring
• Contractual Obligations and Service-Level Agreements (SLAs)
• Tools and Technologies for TPRM
• Practical Exercises
• Quiz and assessment

Week 11: GRC Tools and Technologies

• Overview of GRC Platforms and Software
• Implementing Automated Compliance Solutions
• AI and Machine Learning in GRC Operations
• Emerging Technologies and Trends in Governance, Risk, and Compliance
• Practical Exercises
• Quiz and assessment

Week 12: Implementing a GRC Strategy

• Integrating Governance, Risk, and Compliance
• Developing GRC Policies and Procedures
• Change Management and Continuous Improvement
• Role of Audits in GRC
• Practical Exercises
• Quiz and assessment

Week 13: Case Studies and Practical Application

• Analyzing Real-World GRC Failures and Success Stories
• AI-powered Fraud Detection and Prevention
• Interactive Workshop: Creating a GRC Plan for a Business
• Best Practices for Maintaining a Strong GRC Posture
• Practical Exercises

Week 14: Final Project and Course Recap

• Review of Key Concepts and Learning Outcomes
• Final Project Presentation: Developing a GRC Framework
• Group Discussion on Future Trends in AI and GRC
• Course Wrap-up and Q&A Session

Course Duration: 14 Weeks
Engagement Hours per Week: 8-10 hours
Delivery Mode: Online