Organisations are experiencing an increased concern and focus on risk management. The challenge for management of both private and public organizations today is to determine how much uncertainty to accept as it strives towards achieving the organization’s objectives and delivering value to its stakeholders.
The solution to this challenge is the establishment of an Enterprise Risk Management (ERM) system and processes that effectively identify, assess, and manage risk within acceptable levels.
The COSO Enterprise Risk Management – Integrated Framework is designed to provide best practice guidance for management of businesses and other entities to improve the way they are dealing with these challenges.
COSO – ERM integrates various risk management concepts into a solid framework in which a common definition is established, components are identified, and key concepts described. This enables COSO to provide a starting point for organizations to assess and enhance their Enterprise Risk Management.
This practical 2-day hands-on training course is designed for managers, professionals, consultants, internal and external auditors that deal with the complexities of organizational risk management function on a daily basis.
The objective is to provide participants with the necessary perception, knowledge and skill set to understand the risks and benefits of Enterprise Risk Management and learn how the COSO – ERM framework enables organizations and management to:
- Comply with the requirements for corporate governance (such as the various international standards like the Cadbury Report)
- Align risk appetite and strategy
- Enhance risk response decisions
- Reduce operational surprises and losses
- Identify and manage multiple and cross-organizational risks
- Provide integrated responses to multiple risks
- Improve the deployment of capital.
The course provides an opportunity for delegates to benchmark their ERM practices against the COSO – ERM framework, and learn how to implement an effective ERM system.
For a fully descriptive brochure please send a blank e-mail to courses@citadeladvantage.com with ERM-JHB in the Subject line.