This course is part of CPA Australia’s suite of Digital Finance micro-credentialed courses. Successfully complete this course and receive a digital badge that you can share on LinkedIn and other social media platforms.
Description
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About Digital Finance
The Digital Finance suite of micro-credentialed courses examines the skills necessary to deal with finance and accounting in a digital world and equips you with the tools to apply emerging technologies in a real-world context.
About CPA Australia Micro-Credentials
CPA Australia’s Micro-Credentials are based on technical and non-technical competencies and align to our Accounting and Finance Capability Framework. Our partner, Credly will provide you with a digital badge on successful completion. Your digital badge allows you to demonstrate your capability and achievement, and can be placed on your LinkedIn profile, digital CV or email signature.
About Risk Management, Governance and Regulation
With digital transformation sweeping the industry, data security and data privacy are increasingly vulnerable to threats of data breaches and cyber-attacks. International regulations such as the GDPR and the Australian Privacy Act 1988, include huge commercial penalties for non-compliance with their requirements. Businesses must proactively consider the risks involved when using digitised data and processes, and employ the necessary safeguards to support the increasing volume of digital payments.
This course will provide the digital finance professional with the foundational knowledge in the area of governance, regulation, and risk management as it pertains to the digital finance environment.
This course consists of activities, videos and simulations to keep you engaged.
Key topics of the course include:
Risk management
- Working knowledge of risk identification, analysis, and evaluation techniques
- Design and implementation of an effective risk management process and system
Governance
- Risk governance and the elements of risk governance
- The consequences and implications of inappropriate risk governance
- Risk governance through a positive risk culture in your organisation
- Future threats to governance and how to resolve governance-related business problems
Security and Privacy
- Cybersecurity and the governing industry standards
- Appropriate security controls for your organisation
- What is data protection and privacy
- The requirements of the Australian Notifiable Data Breach regulations and GDPR
FinTech regulation
- Why FinTech regulation occurs
- FinTech regulation authorities in Australia and globally
- Impact of FinTech regulations on FinTech companies operating in a global environment
Compliance
- Compliance and how it relates to governance and risk management
- Potential consequences of non-compliance
- Develop a compliance framework to manage risks
Regulatory Technology (RegTech)
- RegTech and how it can assist with compliance
- Explore the risks and challenges when implementing RegTech
- How to prepare your organisation for RegTech
This course consists of one online course and assessment.
The assessment will be subject to security measures such as identification verification and webcam monitoring. Please read the Assessment and security policy and system requirements prior to making your purchase.
If you have commenced, or are about to commence, the CPA Program, please contact us before enrolling to this course.
Learning objectives
- Evaluate and collaborate with stakeholders to recommend best practice risk management of digital security and data privacy
- Develop and apply compliance and governance frameworks taking into consideration existing, new and amended policies and regulation
- Assess the value of information assets and the threats in today’s business environments
- Analyse and evaluate regulation technology options for improvement of compliance and regulatory reporting in finance
Audience
This course is suitable for all finance and accounting professionals.
