Planning and Risk Assessment Training Course

This instructor-led live training in Latvia (online or onsite) is designed for intermediate to advanced finance and asset management professionals looking to refine asset tracking, enhance controls, and ensure adherence to International Financial Reporting Standards (IFRS).

By the end of this training, participants will be able to:

• Classify and configure fixed assets in accordance with IFRS regulations.
• Oversee asset creation, acquisition, and capitalization.
• Establish control measures for effective asset tracking and monitoring.
• Apply appropriate depreciation and amortization techniques.
• Manage asset movements, transfers, and disposals efficiently.
• Ensure alignment with financial reporting and audit standards.

Delivered by an expert instructor, this live training session in Latvia (online or onsite) targets intermediate-level finance and accounting professionals aiming to proficiently manage, value, and audit fixed assets while adhering to accounting standards and regulatory requirements.

By the conclusion of the course, participants will be equipped to:

• Understand the lifecycle and classification criteria for fixed assets.
• Apply local and international accounting standards for asset valuation and depreciation.
• Manage fixed assets using appropriate controls, tools, and procedures.
• Meet legal and tax obligations related to asset management and reporting.

Delivered in Latvia, this course addresses integrated risk management, Basel regulations, and corporate governance within the banking sector. It examines market, credit, and operational risks, utilizing case studies to develop strategic management capabilities and a robust risk culture.

Hone advanced legal advisory capabilities in this five-day program held in Latvia. Learn to structure consultations, perform targeted research, and apply rigorous legal reasoning to assess risks. Practice drafting clear legal opinions and delivering confident recommendations in realistic scenarios.

This instructor-led live session in Latvia (whether online or on-site) is tailored for intermediate-level professionals seeking to refine their systematic approach to detecting, analyzing, and resolving issues through RCA methodologies.

By the conclusion of the training, attendees will be equipped to:

• Comprehend the fundamental concepts of RCA and the principles of continuous improvement.
• Deploy diverse RCA tools to isolate the root causes of complex problems.
• Create and apply effective strategies for problem-solving.
• Weave RCA into the fabric of organizational enhancement and preventive measures.

This program is designed to evolve the audit process from a reactive exercise in identifying findings to a proactive strategy for preventing them. Through the mastery of Root Cause Analysis (RCA), internal audit teams can focus on the elimination of recurrent issues. This approach guarantees that identified weaknesses are addressed with permanent fixes, safeguarding the company’s operational efficiency and financial integrity.

The decision to forego structured RCA implementation creates a high-risk environment:

• Financial Impact: Unresolved root causes in financial processes lead to cumulative leakages that increase over time.
• Inefficient Resource Utilization: Auditors allocate 40% more time to re-auditing the same failed controls instead of addressing new strategic risks.
• Reduced Credibility: Repeated reporting of the same issues undermines the Audit Division's influence with senior management and auditees.

Tailored for intermediate-level internal auditors, this instructor-led live training—delivered either online or onsite—empowers professionals to enhance audit efficacy by leveraging structured Root Cause Analysis (RCA) techniques.

Following this course, participants will be capable of:

• Grasping RCA methodologies and their critical function in internal auditing.
• Pinpointing and evaluating the root causes underlying audit findings.
• Deploying RCA tools such as the 5 Whys, Fishbone Diagrams, and Failure Mode and Effects Analysis (FMEA).
• Crafting effective corrective and preventive action plans grounded in RCA results.
• Embedding RCA within the internal audit process to optimize risk management.

This live, instructor-led course—available both online and on-site—is tailored for intermediate safety professionals and operational managers looking to sharpen their skills in incident investigation, pinpointing systemic vulnerabilities, and crafting robust corrective and preventive strategies.