Enterprise Risk Management known as (ERM) has evolved considerably since the seventies. From simply 'buying' insurance, it has now grown in importance to become a prime function in many organizations as part of a bigger 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 those risks. Studies regarding risk management were done by different organizations, including ISO which issued ISO 31000 on risk management. However, the most accepted ERM system is the one designed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). This system, which is the one covered in this course, teaches the steps needed to control risk. It starts with the evaluation of the internal environment and the setting of objectives which are, mainly, a result of the tone at the top of the organization, the directives from corporate governance as well as the vision, mission and corporate strategies. Then, the course goes through the steps management needs to consider in order 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 as well as 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 areas of the business.
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 internal control process
Risk management effect on designing internal controls
Effect of external environment
Risk-Based Internal Audit
Risk Management history
Enterprise Risk Management Objectives
Different risk types
Risk Identification
ERM Classifications
Fees + VAT as applicable
Discount Plans & Cancellations PolicyFees + 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 areas of the business.
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 internal control process
Risk management effect on designing internal controls
Effect of external environment
Risk-Based Internal Audit
Risk Management history
Enterprise Risk Management Objectives
Different risk types
Risk Identification
ERM Classifications
Fees + VAT as applicable
Discount Plans & Cancellations PolicyFees + 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.
Give us your details and we’ll call you!
Course :
Title :
© 2023 Meirc Training & Consulting. All rights reserved.