1. 1.     WHY ATTEND

   Enterprise Risk Management 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.

    

   2.     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.

    

   3.     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

   4.     TARGET AUDIENCE

   Managers, senior managers, directors, executives, financial controllers, senior accounting and finance personnel, and auditors.

    

   5.     TARGET COMPETENCIES

   • Improving risk monitoring and control
   • Analysing and assessing risks
   • Advising directors on risks
   • Controlling risks
   • Mitigating risks
   • Reporting risks

For more information, please contact:

PIERRE DUPLIS BRENNER

The Admission Director

AFRICA INSTITUTE FOR CAPACITY DEVELOPMENT (AICD)

HEAD OFFICE:

21 Detroit Plaza |Pretoria Road|Kempton Park|

Gauteng. SOUTH AFRICA

Telephone : +27 733797377

Whatsapp Number : +27 733797377

Email:info@aicdtraining.com

https://aicdtraining.com/

OUR SERVICES:

TRAINING| SHORT COURSES| CONSULTANCY| RESEARCH| RECRUITMENT| MANAGEMENT CONSULTING

IN PARTNERSHIP WITH:

SADC Institute of Commerce and Industrial Practice
Gauteng. SOUTH AFRICA