Enterprise Risk Page 1 of 10
Why Attend Enterprise Risk 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. Course Methodology 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. Course Objectives By the end of the course, participants will be able to: Identify internal and external changes that will create risks to the organization Understand the relation with the board of directors through governance and improve Risk-Based Decision Making (RBDM) Influence internal controls by choosing the response to the risks identified Classify risk categories in the organization and identify the right authorities to manage them Analyze, assess and improve risk management practices within the organization Target Audience Managers, senior managers, directors, executives, financial controllers, senior accounting and finance personnel, and auditors. Target Competencies Improving risk monitoring and control Analyzing and assess risks Advising directors on risks Controling risks Mitigating risks Reporting risks Course Outline Introduction Risk perception Why should we care about risk Internal environment changes External environment changes Risk management and corporate governance Introduction to corporate governance GRC concept: governance, risk and compliance GRC system: governance, risks and controls Risk management as part of corporate governance Governance failures Page 2 of 10
Risk based decision making Risk management and corporate control environment Risk management s influence on designing internal controls Risk-Based internal audit assessment of risk management performance ERM and its evolution ERM evolution ERM benefits ERM platform Strategic approach Operations and tactics Business reporting Compliance and process Risk categories Strategic risks Reporting risks Financial risks Physical: life and safety risks Compliance Laws and regulations Financial reporting standards Operations External environment: socioeconomic, regulations, technology and competition Internal environment: structure, processes and culture ERM components Internal environment Objectives setting Event identification Risk assessment: The black swan challenge Quantitative versus qualitative analysis Risk response Control activities Information and communication Risk monitoring Page 3 of 10
Associations National Association of State Boards of Accountancy (NASBA) : Meirc Training & Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.learningmarket.org Location & Date 2-6 Dec, 2018 JW Marriott Marquis 24-28 Feb, 2019 To be assigned 7-11 Apr, 2019 To be assigned 1-5 Sep, 2019 To be assigned 24-28 Nov, 2019 To be assigned : US$ (including coffee breaks and a buffet lunch daily) Per participant - 2018 Per participant - 2019 + VAT as applicable UAE Tax Registration Number 100239834300003 This course is worth 25 NASBA CPEs Page 4 of 10
18-22 Nov, 2018 Certificate in Fixed Assets Accounting and US$ 4900 18-22 Nov, 2018 Financial Controller Workshop 18-22 Nov, 2018 Preparing Financial Statements and the Annual Report 25-29 Nov, 2018 Certificate in Advanced Financial Modeling US$ 4900 25-29 Nov, 2018 Certified Corporate Financial Planning & Analysis Professional (Cert FP&A): Preparation Course - Part 1 US$ 4900 2-6 Dec, 2018 Accounting for Non-Accountants 2-6 Dec, 2018 9-13 Dec, 2018 Accounts Payable: From Accounting to 9-13 Dec, 2018 Corporate Finance Workshop 9-13 Dec, 2018 Fast Closing Monthly and Year-End Accounts 9-13 Dec, 2018 Payroll: Preparation, Analysis and 16-20 Dec, 2018 16-20 Dec, 2018 Efficient Finance and Accounting Operations: 2018 Best Practices and Updates 16-20 Dec, 2018 16-20 Dec, 2018 Next Generation Excel: Advanced Business and Financial Reporting 23-27 Dec, 2018 23-27 Dec, 2018 Financial Analysis Workshop 6-7 Jan, 2019 Basic Mechanics and Accounting for VAT US$ 2600 27-31 Jan, 2019 3-7 Feb, 2019 Financial Modeling Workshop Using Excel 10-14 Feb, 2019 Accounts Payable: Accounting and Best Practices 10-14 Feb, 2019 10-14 Feb, 2019 17-21 Feb, 2019 Accounts Receivable and Credit Policies 17-21 Feb, 2019 Certificate in Professional Accounting 17-21 Feb, 2019 Certified Financial Manager Page 5 of 10
24-28 Feb, 2019 Dynamic Business Reports and Dashboards Using Excel 24-28 Feb, 2019 Financial Acumen: Roadmap to Business Success 3-7 Mar, 2019 Accounting for Non-Accountants 3-7 Mar, 2019 Certificate in Cost Analysis, Control and Optimization 10-14 Mar, 2019 Certificate in Accounting and Financial Control 10-14 Mar, 2019 Financial Analysis Workshop 10-14 Mar, 2019 Payroll: Preparation, Analysis and 17-21 Mar, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and Updates 17-21 Mar, 2019 International Financial Reporting Standards (IFRS) and 2019 Updates 17-21 Mar, 2019 Managing the Collections and Credit Control Team 17-21 Mar, 2019 Preparing Financial Statements and the Annual Report 24-28 Mar, 2019 Certificate in Fixed Assets Accounting and 24-28 Mar, 2019 Certificate in Advanced Financial Modeling 24-28 Mar, 2019 Certificate in Treasury and Cash 24-28 Mar, 2019 Fast Closing Monthly and Year-End Accounts 31 Mar - 4 Apr, 2019 7-11 Apr, 2019 7-11 Apr, 2019 Professional Skills for Finance and Accounting 14-18 Apr, 2019 Policies and Procedures 14-18 Apr, 2019 Preparation for Certificate in Financial Planning & Analysis (Cert FP&A) 14-18 Apr, 2019 Certificate in International Financial Reporting Standards (CertIFR): Preparation Course 14-18 Apr, 2019 Next Generation Excel: Advanced Business and Financial Reporting Page 6 of 10
21-25 Apr, 2019 Certificate in Advanced Budgeting and Forecasting 21-25 Apr, 2019 Cairo 21-25 Apr, 2019 Six Dimensions of Effective Accounting and Finance Teams 28 Apr - 2 May, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and Updates 28 Apr - 2 May, 2019 9-13 Jun, 2019 Certificate in Advanced Financial Modeling 9-13 Jun, 2019 16-20 Jun, 2019 Accounts Payable: Accounting and Best Practices 16-20 Jun, 2019 16-20 Jun, 2019 23-27 Jun, 2019 Advanced Excel: Power Query, Power Pivots and Macros 23-27 Jun, 2019 7-11 Jul, 2019 Certified Financial Manager 14-18 Jul, 2019 Certificate in Advanced Budgeting and Forecasting 21-25 Jul, 2019 Fast Closing Monthly and Year-End Accounts 28 Jul - 1 Aug, 2019 Financial Modeling Workshop Using Excel 4-8 Aug, 2019 4-8 Aug, 2019 25-29 Aug, 2019 Istanbul 25-29 Aug, 2019 Forecasting and Analyzing Cash Flow 1-5 Sep, 2019 Accounting for Non-Accountants 1-5 Sep, 2019 Dynamic Business Reports and Dashboards Using Excel 4-6 Sep, 2019 : A Hands-On Workshop Beirut US$ 3600 8-12 Sep, 2019 Corporate Finance Workshop 8-12 Sep, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and Updates Abu Dhabi 8-12 Sep, 2019 Financial Analysis Workshop Page 7 of 10
8-12 Sep, 2019 Payroll: Preparation, Analysis and 15-19 Sep, 2019 Accounts Receivable and Credit Policies 15-19 Sep, 2019 International Financial Reporting Standards (IFRS) and 2019 Updates 15-19 Sep, 2019 Professional Skills for Finance and Accounting Istanbul 22-26 Sep, 2019 Certificate in Accounting and Financial Control 22-26 Sep, 2019 Financial Acumen: Roadmap to Business Success 29 Sep - 3 Oct, 2019 Certificate in Treasury and Cash Riyadh 29 Sep - 3 Oct, 2019 Reporting for Business Performance Review 6-10 Oct, 2019 6-10 Oct, 2019 6-10 Oct, 2019 Preparing Financial Statements and the Annual Report 13-17 Oct, 2019 Fast Closing Monthly and Year-End Accounts 13-17 Oct, 2019 Next Generation Excel: Advanced Business and Financial Reporting 13-17 Oct, 2019 Six Dimensions of Effective Accounting and Finance Teams 20-24 Oct, 2019 Accounts Payable: Accounting and Best Practices Riyadh 20-24 Oct, 2019 20-24 Oct, 2019 Financial Forecasting: Tools and Techniques 20-24 Oct, 2019 Managing the Collections and Credit Control Team 27-31 Oct, 2019 27-31 Oct, 2019 Innovative Cost Savings Strategies 3-7 Nov, 2019 Certificate in Treasury and Cash 3-7 Nov, 2019 Trade Finance, Letters of Credit and Bank Guarantees 10-14 Nov, 2019 Certificate in Advanced Budgeting and Page 8 of 10
Forecasting 10-14 Nov, 2019 Certificate in Advanced Financial Modeling 10-14 Nov, 2019 Certificate in International Financial Reporting Standards (CertIFR): Preparation Course 10-14 Nov, 2019 Payroll: Preparation, Analysis and 17-21 Nov, 2019 Accounts Payable: Accounting and Best Practices 17-21 Nov, 2019 17-21 Nov, 2019 Certificate in Fixed Assets Accounting and 24-28 Nov, 2019 Advanced Excel: Power Query, Power Pivots and Macros 24-28 Nov, 2019 24-28 Nov, 2019 Forecasting and Analyzing Cash Flow 1-5 Dec, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and Updates 8-12 Dec, 2019 Accounts Receivable and Credit Policies 8-12 Dec, 2019 International Financial Reporting Standards (IFRS) and 2019 Updates 8-12 Dec, 2019 Professional Skills for Finance and Accounting 15-19 Dec, 2019 Policies and Procedures 15-19 Dec, 2019 15-19 Dec, 2019 22-26 Dec, 2019 Certificate in Cost Analysis, Control and Optimization 22-26 Dec, 2019 22-26 Dec, 2019 Page 9 of 10
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