BUSINESS RISK MANAGEMENT

This course is for auditors and managers – or anyone in any sector charged with the task of establishing, directing, evaluating or participating in risk management projects and systems. We explain why risk management is important, remove the hype, and give sensible advice on how to help develop risk management programmes, identify critical risks, use the latest techniques to evaluate their likelihood and impact, establish appropriate risk mitigation strategies – and review the entire process.

Who should attend?

Internal and external auditors; audit managers and directors; risk managers and advisers; and any executive charged with risk management responsibilities.

Topics covered include:

Developments in corporate governance and control frameworks
Key elements of a business risk programme
Initiating and directing a risk management project
Risk identification techniques
Facilitated workshops
COSO ERM, AIRMIC/IRM/ALARM, AUS/NZ , ISO and other standards
Roles of managers, auditors and other parties
Risk evaluation methods
Taking risks and seizing opportunities
Establishing and assessing risk mitigation strategies
Dealing with exposure and residual risk
Risk reporting and assurance
Internal audit involvement and approac
Embedding the process

Approach

As well as formal presentations, practical exercises, and a central case study simulating a risk workshop, this course includes a demonstration and evaluation of risk management software.