Instructional goals
Learning of auditing and internal control systems together with the most modern and effective elements of corporate compliance
Prerequisites
N/A
Intended learning outcomes
• Knowledge and understanding: the student will have acquired models and tools used in business functions, economic regulations and knowledge regarding the system of auditing and internal control together with the most modern and effective elements of compliance, business risk management and implementation of organizational models ex D. Lgs 231/'01.
• Applying knowledge and understanding: the student will have acquired the knowledge necessary to apply managerial models of business management and developed skills and critical capacity to use the principles of corporate governance and the system of corporate controls. He will also be able to realize an organizational model ex D. Lgs 231/2001 thanks to the study of the contents learned during the course, to the methodological approach acquired, to the study of the Confindustria guidelines and to the testimonies collected; showing the ability to apply the legal rules to real situations. The achievement of these objectives will be assessed through the performance of exercises and the final written test.
• Making judgements: the student will have integrated the knowledge and experience acquired through lectures, teaching materials, case studies and testimonials, developing decision-making skills and critical awareness such as to enable him to make independent judgments. This is assessed through group work and simulations.
• Communication skills: the student will have developed the ability to communicate with a correct terminology with reference to the concepts of audit and internal control and corporate compliance, so as to dialogue and collaborate with national and international private companies and with different public bodies such as supervisory and regulatory authorities, without language barriers. This is assessed through exercises, assessments and final exam.
• Learning skills: the student, through the contents of the course and regulatory references, will be able to understand the system of auditing and corporate internal control together with the most modern and effective elements of corporate compliance, progressively raising the level of their skills and acquiring new methodological and analytical skills; developing the ability to analyze and comment on business and economic problems in new contexts.
Course Contents
First part dedicated to integrated risk management and pursuit of sustainable strategic objectives.
Second part of the course devoted to compliance to corporate risk management and implementation of organizational models pursuant to Legislative Decree 231 / '01.
Reference Books
Handouts available on the website.
Regulatory material and industry practice documentation.
Teaching Methods
Lectures with visual material and exercises.
Assessment Method
• Two Assessments during the course: one by Prof. Ferrari and one by Prof. Ricci.
• Final Written Examination.
Thesis assignment criteria
Marks obtained upon examination.
Week 1 Contenuto sessioni on line e on campus
• Introduction to the Course by Prof. Massimo Ferrari
• Introduction to the Course by Prof. Sante Ricci
Week 2 Contenuto sessioni on line e on campus
• Strategic management and sustainable objectives - The Business Plan and integration of ESG objectives.
• Risk management: company functions, corporate governance and procedures - how risk profiles change according to the governance implemented; communication to the market through the Corporate Governance Report
Week 3 Contenuto sessioni on line e on campus
• Day by day and Strategic Management in an integrated context of risks and Controls - declination of the Industrial Plan into Commercial and Operational Plans; how integrated risk management supports management's predictive ability.
• Theory of Risk; Risk and uncertainty; decisions in conditions of uncertainty; risk taxonomy
Week 4 Contenuto sessioni on line e on campus
• The Risk Management function: The organizational principles and the activities of the Risk Management function; Evolution of the risk management role over time; the organizational model of the Risk Management function.
• Risk management process; analysis of the macro phases of the risk management process
Week 5 Contenuto sessioni on line e on campus
• Business Planning and Risk; construction and implementation of the Business plan; Risks, execution and control of the business plan.
• Risk monitoring and control - Control model; design of the control model in relation to monitoring and mitigation in achieving strategic objectives.
Week 6 Contenuto sessioni on line e on campus
• Integrated risk management in industrial companies: Business Case.
• Integrated risk management in financial companies: Business Case.
Week 7 Contenuto sessioni on line e on campus
• Risk and business value; Business valuation models and contribution of risk management to business value.
• Creating an effective compliance program - Elements of a compliance program; Methods of implementation and control; Best practices and international guidelines on compliance programs; Training.
Week 8 Contenuto sessioni on line e on campus
• Corruption prevention in companies: practical cases - Controls on purchases; Controls on third parties. Assignment Discussion (Prof. Massimo Ferrari).
• The administrative responsibility of companies and Organizational Management and Control Models.
Week 9 Contenuto sessioni on line e on campus
• The Legislative Decree 231/2001 Origins, innovative scope of the standard. Purpose and recipients.
• Predicate offenses and related compliance. Practical cases.
Week 10 Contenuto sessioni on line e on campus
• The penalties applied and the possibility of exemption from liability. Concrete cases.
• The Supervisory Body. Information flows and relations with other supervisory bodies. Concrete cases. Testimony of Maria Luisa Tesauro (Senior Compliance Officer of Italo NTV).
Week 11 Contenuto sessioni on line e on campus
• The Confindustria Guidelines. Testimony of Alessandra Quattrociocchi (Confindustria Legislative Affairs Office).
• The implementation of the organizational management and control model.
Week 12 Contenuto sessioni on line e on campus
• Methodological approach for the implementation of the management and control model. Case studies and discussion.
• Assignment Discussion (Prof. Sante Ricci).