Enterprise Risk Management, or ERM, has evolved considerably since the 1970s. From simply 'buying' insurance, it has grown in importance to become a prime function in many organizations as part of a more extensive system known as Governance, Risk, and Compliance (GRC), which starts with corporate governance and ends with compliance. ERM is the function of studying the risks that may hinder a corporation's ability to achieve its goals and then deciding how to overcome them. Various organizations, including ISO, which released ISO 31000 on risk management, conducted studies on risk management. However, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) created the ERM system that is most widely used. This system, covered in this course, teaches the steps to controlling risk. It starts with evaluating the internal environment and setting objectives, mainly due to the tone at the top of the organization, the directives from corporate governance, and the vision, mission, and corporate strategies. Then, the course goes through the steps management needs to consider to identify and assess risk and decide on proper risk responses and controls. The course ends with how to monitor, communicate, and report risk. In addition, the course looks at risk in different organizational areas such as strategy, reporting, compliance, operations, financial and physical risk, and risk in different industries.
The course is based on detailed explanations by the instructor and presentations by both the participants and the instructor. It also includes several case studies related to different industries and business areas.
By the end of the course, participants will be able to:
Managers, senior managers, directors, executives, financial controllers, senior accounting and finance personnel, and auditors.
This course is worth 25 NASBA CPEs
Definition of Corporate Governance
Scope of Corporate Governance
Governance Risk and Compliance
COSO ERM Cube
Risk-Based Decision Making
Corporate environment
COSO ERM process
Risk management effect on designing internal controls
Effects of the external environment
Risk-Based Internal Audit
Risk Management history
Objectives of Enterprise Risk Management
Different risk types
Risk identification
ERM classifications
There are no public sessions remaining for the course this year. Please contact us if you wish to have a customized in-house session, or to find out how an additional public session can be scheduled.
Fees + VAT as applicable
Discount Plans & Cancellations PolicyMeirc reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.
Tax Registration Number: 100239834300003
This course is also offered in face-to-face courses, click on the course below.
The course is based on detailed explanations by the instructor and presentations by both the participants and the instructor. It also includes several case studies related to different industries and business areas.
By the end of the course, participants will be able to:
Managers, senior managers, directors, executives, financial controllers, senior accounting and finance personnel, and auditors.
This course is worth 25 NASBA CPEs
Definition of Corporate Governance
Scope of Corporate Governance
Governance Risk and Compliance
COSO ERM Cube
Risk-Based Decision Making
Corporate environment
COSO ERM process
Risk management effect on designing internal controls
Effects of the external environment
Risk-Based Internal Audit
Risk Management history
Objectives of Enterprise Risk Management
Different risk types
Risk identification
ERM classifications
There are no public sessions remaining for the course this year. Please contact us if you wish to have a customized in-house session, or to find out how an additional public session can be scheduled.
Fees + VAT as applicable
Discount Plans & Cancellations PolicyMeirc reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.
Tax Registration Number: 100239834300003
This course is also offered in face-to-face courses, click on the course below.
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UAE Tax Registration Number
100239834300003
KSA Tax Registration Number
311655469100003
UAE Tax Registration Number
100239834300003
UAE Tax Registration Number
100239834300003
KSA Tax Registration Number
311655469100003
KSA Tax Registration Number
311655469100003
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