World Class Enterprise Risk Management
Unlock the Power of World-Class Enterprise Risk Management (ERM)
In today's fast-paced and uncertain world, mastering Enterprise Risk Management (ERM) is not just a necessity—it's a strategic advantage.
Our "World-Class Enterprise Risk Management" workshop is meticulously designed for ERM professionals who are ready to elevate their risk management skills and guide their organizations toward a more secure and prosperous future.
Event Details: Join us for an engaging and insightful session that dives into the principles and practices of elite ERM strategies. This webinar is an essential experience for those looking to harness the full potential of risk management in steering their companies towards success and resilience.
Duration: 4 CPE Hours that will redefine your approach to risk and strategy.
Location: Delivered in a Group Internet-Based format, this workshop brings together minds from across the globe in a dynamic, collaborative learning environment.
Who This Is For:
- Seasoned risk management professionals seeking to deepen their expertise and impact in management of ERM.
- Strategic leaders and decision-makers aiming to integrate robust risk management frameworks into their ERM corporate strategy.
- Forward-thinking individuals who aspire to pioneer risk management initiatives within their organizations.
What You Will Learn:
- A thorough understanding of what constitutes world-class ERM and how it can be a game-changer for your organization.
- Insightful strategies for identifying, assessing, and managing risks in a holistic and proactive manner.
- Practical tools and methodologies to embed ERM into the organizational culture, ensuring it becomes a pivotal part of strategic planning and decision-making.
- Techniques for communicating the value of ERM to stakeholders, enhancing engagement and support across all levels of the company.
- An exploration of the latest trends and challenges in risk management, preparing you to lead with confidence in an evolving business landscape.
ERM Workshop Highlights:
- Deep dives into case studies of successful ERM implementations, offering real-world insights and actionable lessons.
- Interactive sessions that foster discussion and idea exchange among participants, enriching the learning experience.
- Expert guidance from seasoned professionals with extensive experience in leading ERM initiatives.
Your Path to ERM Mastery Begins Here: Don't miss this opportunity to transform your approach to risk management and position yourself—and your organization—at the forefront of ERM industry best practices.
Take the first step towards mastering enterprise risk management. Secure your spot today and join a community of professionals dedicated to shaping the future of resilient and thriving organizations.
Details on Event Presentation
Offered every six weeks on Thursdays at 10:00 a.m. to 2:30 p.m. Central Time in four CPE-Credit event.
We can schedule private events on your timetable for two or more attendees.
NASBA Program Disclosures
Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 2, based on 50 minutes of instruction per hourCPE Event Highlights
The ERM seminar reviews the following:
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The Components of COSO ERM and ISO 31000
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Logic presented by the COSO ERM Components
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The structure used to describe the COSO ERM Framework
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How to gauge the effectiveness of Risk Management
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How to build a "Culture of Compliance"
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Learning Objectives
Attendees will learn how to:
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Define and document the "risk management framework" within an organization
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Describe the COSO ERM Framework and its documents to management
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Position themselves to plan and implement an effective ERM program
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Key Issues on the Agenda
Section 1 - Introduction and Overview
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Hindsight-Insight-Foresight - How ERM works!
Section 2 - What is "Risk" and its Impact?
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What is "Risk"?
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What do "Boards of Directors" think?
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Example of taking a big risk
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Defining ERM
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Risk Dimensions
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Risk Management Maturity
Section 3 - COSO 2013 Internal Control Framework
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Internal control defined
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Control Environment
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Risk Assessment
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Control Activities
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Information & Communication
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Monitoring Activities
Section 4 - Risk Strategies with COSO ICIF
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Specifies suitable objectives
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Corporate objectives and strategic plans
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Identify and analyze risk
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Enterprise risk assessment
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Financial statement risk assessment
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Financial statement assertions
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Assess fraud risk
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Significant change
Section 5 - Risk Strategies with Sarbanes-Oxley Act
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Sarbanes-Oxley Act
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PCAOB
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Corporate Responsibility for Financial Reports
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Code of Ethics
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Enhancement of White Collar Crime Penalties
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Why Do We Need Internal Controls?
Section 6 - Risk Strategies with COSO ERM and ISO
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Effective Enterprise Risk Management Program
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The COSO Risk Management Model
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Risk Factors from the PCAOB ASs
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What is the external auditor supposed to do?
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Information technology risk factors
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ISO 31000: 2009 Risk Management
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COSO ERM 2.0 - "Five Components of Risk"
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Calculating Your "Risk Appetite"
Section 7 - Risk Strategies with ARMICS
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What is "ARMICS"?
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Example of how to approach your "Risk Management Program"
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What about your employee risks?
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Risk software
Section 8 - Risk Reaction and Response
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Fight or Flight?
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12-Step Program to ERM
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Risk Management is Not Perfect.
Section 9 - Assessing Internal Controls
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Identify the "Key" Controls
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Test and Remediate the Controls
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How Do We Test Controls?
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Identify the Lines of Defense
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Continuous Monitoring of KPI's and Risks
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Achieve the "Risk-Control Balance"
Section 10 - Going Forward
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Summary of the Subject Matter
This CPE event "World Class Enterprise Risk Management" offers an in-depth exploration of cutting-edge strategies and best practices in enterprise risk management (ERM).
Attendees can expect to gain valuable insights into fostering a proactive risk culture, enhancing risk identification and assessment processes, and optimizing risk response mechanisms within their organizations. The event aims to equip participants with practical knowledge and actionable approaches to elevate their ERM frameworks to a world-class standard.
Key topics covered in the event include leveraging advanced risk quantification methodologies, integrating risk management into strategic decision-making, and harnessing technology for robust risk monitoring and mitigation. The program seeks to empower professionals with the tools and perspectives needed to navigate complex risk landscapes, fortify organizational resilience, and drive sustainable value creation.