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Executive Education
Clariden Leadership Institute
Internal Control, Monitoring and Risk Management for Compliance Professionals (Sydney)
George Pelekanakis
Pelekanakis Professional Services

This program has been independently accredited and certified by CPD
George Pelekanakis, Pelekanakis Professional Services


George Pelekanakis has more than 21 years of experience in the internal audit industry. Before setting up his own firm, Pelekanakis Professional Services, PPS in 2003, he spent more than 8 years of professional experience in Big Four auditing firms. While working for the Big Four auditing firm, George helped various organizations set-up their internal audit divisions or enhance their performance by offering consultations on key issues that was faced by internal audit departments. He is scientific advisor for the Ministry of Finance and currently acts in the capacity of CAE for a Hospitals Management Company (AEMY SA).


As a Managing Director of PPS, George has the opportunity to work closely with a diverse range of organizations from both the public and the private sector that are located in Europe, the Middle East and SE Asia. He is highly sought after to upgrade the internal audit practice by introducing new techniques and approaches (e.g. CCSA and CAATs or optimizing sampling efforts), to set up internal audit practices and evaluate their performance (Quality Assurance Reviews). During the last few years, George has been putting emphasis on helping organizations develop performance management frameworks and delineating their process delivery.


At the same time, he is serving as a member of Audit Committees in listed and private organizations and he is coaching Audit Committee members to be more effective in discharging their responsibilities. In the business training area he has provided training to more than 2600 internal auditors and business professionals. He is also a part-time lecturer in the fields of Auditing and Internal Auditing with the American College of Greece. Since he was the first Greek to be granted the CIA designation, he soon became the lead lecturer for organizations offering CIA preparation courses (Study Smart). Since December 2008, fraud investigators that value his experience and contribution to the profession elected him as the first Chairman of the Board of Directors of Hellenic Association of Certified Fraud Examiners. He has also served as the Vice-President of the Hellenic Institute of Internal Auditors (April 2012-April 2015). He is a frequent speaker in conferences and business events and he spends time in coaching internal audit professionals and helps them progress their careers.


George concluded his academic studies in Business Administration and continued with post-graduate studies in International Accounting and Auditing with scholarship from the European Union. Soon enough he realized the value of professional qualifications and became certified in Internal Auditing (C.I.A), in auditing Information Systems (C.I.S.A), in Fraud Examination (C.F.E), in Risk Management (C.R.P), and in Controls Self-Assessment (C.C.S.A).


Organizations that have benefited from George's expertise include:

  • Swatch Group 
  • IKEA 
  • Toyota 
  • Olypmic Airlines 
  • Cyprus Airways 
  • PWC 
  • KPMG 
  • Ernst & Young 
  • Grant Thornton 
  • ADNOC Group (UAE) 
  • Dubai Islamic Bank 
  • National Commercial Bank (KSA) 
  • Petroleum Development of Oman 
  • Hyatt Regency Casino S.A. 
  • Citigroup (Greek practice) 
  • Air Niugini Limited 
  • Baoviet Holdings 
  • Bayer Thai Co. Ltd 
  • Bhutan Telecom 
  • Brunei Shell Petroleum Co. Ltd 

and many more....

This course has been independently certified as conforming to universally accepted CPD guidelines. On average, this executive program contributes 16 hours towards your CPD.

Program Summary

This comprehensive executive program is designed to help compliance professionals effectively identify the major risks threatening the organization, how to deal with the risks to attain corporate goals and leverage on these inputs to develop a practical risk based internal control process. This session offers an interactive framework to help you identify, assess, evaluate, mitigate and monitor risks; which are crucial fundamentals for an organization. Learn how reduce organization’s compliance exposure with the latest framework and compliance guidance for your organization. At the end of the 2-day program, you will be able to effectively implement an effective compliance program through appropriate planning and have a greater understanding of internal controls assessment, objectives and strategies that can assist you tremendously in decision making.

Programs, dates and locations are subject to change. In accordance with Clariden Global policy, we do not discriminate against any person on the basis of race, color, sex, religion, age, national or disability in admission to our programs.


Internal controls play an integral role in an organization’s success. Hence, management need to prioritize their compliance practice by using a risk-based approach in handling exposures and applying internal controls. By ascertaining the appropriate use of internal controls, it helps to reduce compliance exposures and ensure your organization is managing the exposures within the decision-making criteria determined by the board of directors and regulators. You will also learn how to design and implement internal controls with COSO Internal Control Framework, OCEG GRC Capability Model and how to apply international compliance program guidance from the Federal Sentencing Guidelines for Organizations (FSGO) and ISO 19600:2014.


The Internal Control, Monitoring and Risk Management for Compliance Professionals program led by internationally acclaimed audit trainer, Mr Jason Mefford, will bring you a complete guide on how to take a risk-based approach and use internal controls to ensure your compliance framework is effective and efficient. The program is designed with different interactive group learning activities to guide you through from the building blocks on basics of risk management, how to identify, assess, evaluate, mitigate and monitor risks, to risk management principles in performing risk based audits.


Through lectures and practical group interactions, discussions, and exercises, you will develop the skills necessary to effectively assess and implement an ideal internal control process in your organization.

What You Can Expect

  • Align your compliance framework to achieve organizational objectives 
  • Learn the COSO Internal Control Framework and OCEG GRC Capability Model to design and implement sound internal control processes 
  • Change and prioritize internal control processes to a risk-based approach in handling exposures and applying internal controls to evaluate KPI 
  • Develop and implement a risk-based approach and use internal controls to ensure your compliance program is effective and efficient 
  • Manage the risk exposures within the decision-making criteria set by board of directors and regulators to achieve corporate buy-in 
  • Improve risk assessment and avoid weak internal controls that does not address the organization’s objectives 
  • Identify and select the optimal internal control processes to identify the risks to your organization and effectively mitigate it.

Who Will Benefit Most

This program is designed for but not limited to Directors, GMs, VPs, Chief Financial Officer (CFO), Chief Internal Auditor (CIA), Chief Audit Executive (CAE), Chief Risk Officer (CRO), Senior Managers, Managers, Auditors, Accountants and Consultants who want to identify and manage the risks that threatening the attainment of their organisation's objectives through risk management and analysis, audit control, fraud prevention, and legal corporate governance.

Program Outline

09:00 – 17:00 / Day 1


Session 1: The Need of Compliance and How it Helps Organizations Achieve Objectives 

  • The “Big Picture” of business in achieving compliance objectives
  • Mandatory and voluntary compliance items 
  • Understanding the relationship between performance, risk and compliance 
  • Forces, events and impacts on meeting objectives : the ORCA Principle

Session 2: Examining and Reacting to Risks and Exposures 

  • Understanding the basics of risk management
  • Identifying opportunities, threats and requirements 
  • Assessing reward, risk and compliance 
  • Measuring risk 
  • Appetite, tolerance & capacity 
  • Responding to risks: (Terminate, Tolerate, Treat, or Transfer)

Session 3: Internal Controls 

  • The basics of internal controls 
  • Using internal controls to reduce likelihood or impact of events 
  • Proactive, Detective and Responsive Internal Controls

Session 4: The COSO Internal Control Framework - 2013 

  • The COSO Internal Control Framework – 2013 
  • 5 elements of internal controls 
  • 17 principles of internal controls


09:00 – 17:00 / Day 2


Session 5: Practical Guide in Implementing Internal Controls 

  • Types of internal controls 
  • Determining the best type of internal control to reduce exposure 
  • A risk-based approach to internal controls

Session 6: Risk Standards and Relationship with Other Functions 

  • Risk standards: (ISO 31000, COSO ERM, OCEG GRC Capability Framework) 
  • Relationship between risk management and compliance 
  • Relationship between internal audit and compliance

Session 7: The Minimum Requirements for an Effective Compliance Program 

  • International requirements for compliance programs 
  • The Federal Sentencing Guidelines for Organizations (FSGO) 
  • ISO 19600:2014 
  • The elements of an effective compliance program

Session 8: Performing a Compliance Assessment 

  • Determining the highest compliance exposures to your organization  
  • Determining inherent and residual exposure levels 
  • Creating a response plan to exposures

CFOs Leadership :
Experience Clariden
Discover how our leadership program has shaped the perspectives of CFOs across Asia
Venue: InterContinental Sydney, Australia
Date: 11 - 12 May 2017
Faculty: George Pelekanakis
Early Bird 1: AU$ 2,695 (by 13 Mar 2017)
Early Bird 2: AU$ 2,895 (by 10 Apr 2017)
Regular Fee: AU$ 2,995
Group Discount: 2nd participant get 10%, or register 3 participants and 4th participant get a complimentary seat
(1 discount scheme applies)
Contact: gwen@claridenglobal.org
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