Every organization faces risks, but successful organizations identify, monitor, and manage risks before they become real. This seminar will help you understand Enterprise Risk Management (ERM) and help you confidently implement an ERM framework in your organization.
DESIGNED FOR
Financial leaders, financial managers, CEOs, CFOs, Controllers, accountants, Board members, advisors, and consultants responsible for managing risk. CPAs in public practice and CPAs in industry. Business owners, entrepreneurs and professionals who are looking to implement ERM and manage risk.
BENEFITS
After attending this presentation, you will be able to...
- Successfully integrate ERM into everyday business practice.
- Comprehend the key components and benefits of an ERM framework.
- Identify and assess risks using various ERM tools and techniques.
- Implement tactics to tailor a comprehensive ERM framework for your firm.
- Integrate ERM into your organization's strategic planning and decision-making processes.
- Foster a risk-aware culture and effectively communicate ERM practices within your organization.
HIGHLIGHTS
The major topics that will be covered in this course include:
- What is ERM and why is it important?
- What is your risk appetite and risk tolerance?
- The COSO framework for ERM and its recent updates.
- The ERM Steering committee – what is it for and what does it do?
- Risk heat maps – evaluating what is hot and what is not.
- Risk owners and the risk control plan.
- Measuring the effectiveness of the implementation.
- The role of leading and lagging indicators - KRIs.
- Making it part of everyday management.
- The need to integrate ERM into strategic planning.
PREREQUISITES
None, but familiarity with basic risk management concepts and strategic planning will be beneficial.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
This webinar is hosted by NJCPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information. If you do not receive this email you can contact CPA Crossings, LLC at (877) 370-2220.