COSO FRAMEWORK AND COSO ENTERPRISE RISK MANAGEMENT (ERM)

Application Techniques Training

 

Why attend this course?

ERM, the cornerstone of Corporate Governance, theory may be easy to grasp but daunting to implement.
Why is the case? What are challenges? What techniques are available and how does one apply these techniques to successfully implement Risk Management, reflecting visible gains and proactive prevention of loss thus improving Return on Investment (ROI).

 

What will be covered?

• The relationship between COSO , King III, RISK IT, Risk Maturity Matrix
• The challenges facing successful ERM Implementation
• Getting the Internal environment right and ready for successful ERM
• Application techniques over the whole ERM iterative cycle (Objective setting, Identification, Assessment, Risk Response Handling, Controlling Activities and Reporting)
• The approach and techniques on how, where and whom to obtain information from and communicate to regarding risk management activities throughout the iterative RM cycle
• Understand the organizational approaches for assigning roles and responsibilities
• Determine the ERM Implementation initiative specifically for your organization
• Write up a draft proposal to commence ERM Implementation or to enhance your current ERM Practice for the Board/Executive management via the CEO.
• And much more…

 

What will be the overall benefit of attending?

Overall you will leave this course knowing, not only that proper RM practice is crucial to your company’s Return on Investment (ROI), but its benefit to individual manager’s peace of mind especially when Performance Assessment is linked to ERM evaluations. If the latter is not happening now – it’s bound to come in the near future as a demand for good-governance be it a Public or Private enterprise.

 

Who should attend?

• CFO
• RIO
• CIO
• Risk Managers and Officers
• IT Managers
• Governance-Compliance-Quality Managers, Audit managers