With the advent of corporate governance strategies that must embrace the entire organization, enterprise-wide risk has taken on critical dimensions of importance. In addition, the SEC and PCAOB have concluded that the key to effective compliance is a “top-down, risk-based approach.” When properly defined and implemented, ERM provides the ideal baseline for this process.

In this intensive three-day seminar you will cover alternative methods, structures and tools that can be used for establishing an ERM. You will learn how to define which aspects need to be audited and how it should be done, gain an understanding of the key qualities that an ERM should possess, and discover why they are critical. You will explore the integration of controls and business risk and find out how an oversight tool can be created that can be owned by operations and that will yield real business returns.

On the last day of this seminar you will work through a case study that will allow you to put into use what you learned as you are challenged to determine the most appropriate audit tools, techniques, and process for evaluating an ERM fact situation. You and your colleagues will design the audit process and apply it to report on the issues of merit. You will leave this session with a solid understanding of how a well-structured ERM process should operate, what is critical to its success or failure, and how to audit it to determine its efficacy.

Prerequisite: Using Risk Assessment to Build Individual Audit Programs or equivalent risk assessment experience.

Advance Preparation: None             Learning Level: Intermediate

Delivery Method: Group-Live        Field: Auditing