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World Class Enterprise Risk Management

Being offered twice a quarter on Mondays at 10:00 a.m. to 2:30 p.m. Central Time.

"Effective risk management allows an organization to have the confidence to take risks."

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has updated to its Enterprise Risk Management - Integrated Framework in September 2017.


The update, Enterprise Risk Management - Aligning Risk with Strategy and Performance, is designed to address the needs of all organizations to improve their approach to managing new and existing risks as a way to help create, preserve, sustain, and realize value.

Corporate Compliance Seminars' professionals have been involved in the design, implementation and assessment of risks for over 20 years. We have conducted assessments, audits and trained thousands of auditors, compliance professionals, IT personnel, executives and Audit Committees in the "textbook" and real-world approaches to managing risk.


Our CPE events are instructed by auditors and business professionals who understand the daily challenges of ERM.

Our CPE events are as entertaining as they are informative. Sit back and enjoy; be engaged and educated in a casual atmosphere of information exchange. We will not bore you!

This CPE event is for risk managers, internal auditors, information technology professionals, IT auditors and experienced business professionals.

The cost of this internal control  training course is $240.00 per attendee.

Each attendee will receive 4 CPEs Hours (YB). A certificate of completion will be provided.

Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 4, based on 50 minutes of instruction per hour

CPE Event Highlights

The seminar reviews the following:

  • The Components of COSO ERM and ISO 31000

  • Logic presented by the COSO ERM Components

  • The structure used to describe the COSO ERM Framework

  • How to gauge the effectiveness of Risk Management

  • How to build a "Culture of Compliance


Learning Objectives

  • Attendees will learn how to:

  • Define and document the "risk management framework" within an organization

  • Describe the COSO ERM Framework and its documents to management

  • Position themselves to plan and implement an effective ERM program


Key Items on the Agenda

Section 1 - Introduction and Overview

  • Hindsight-Insight-Foresight

Section 2 - What is "Risk" and its Impact?

  • What is "Risk"?

  • What do "Boards of Directors" think?

  • Example of taking a big risk

  • Defining ERM

  • Risk Dimensions

  • Risk Management Maturity

Section 3 - COSO 2013 Internal Control Framework

  • Internal control defined

  • Control Environment

  • Risk Assessment

  • Control Activities

  • Information & Communication

  • Monitoring Activities

Section 4 - Risk Strategies with COSO ICIF

  • Specifies suitable objectives

  • Corporate objectives and strategic plans

  • Identify and analyze risk

  • Enterprise risk assessment

  • Financial statement risk assessment

  • Financial statement assertions

  • Assess fraud risk

  • Significant change

Section 5 - Risk Strategies with Sarbanes-Oxley Act

  • Sarbanes-Oxley Act


  • Corporate Responsibility for Financial Reports

  • Code of Ethics

  • Enhancement of White Collar Crime Penalties

  • Why Do We Need Internal Controls?

Section 6 - Risk Strategies with COSO ERM, AS5 and ISO

  • Effective Enterprise Risk Management Program

  • The COSO Risk Management Model

  • Risk Factors from PCAOB AS5

  • What is the external auditor supposed to do?

  • Information technology risk factors

  • ISO 31000: 2009 Risk Management

  • COSO ERM 2.0 - "Five Components of Risk"

  • Calculating Your "Risk Appetite"

Section 7 - Risk Strategies with ARMICS

  • What is "ARMICS"?

  • Example of how to approach your "Risk Management Program"

  • What about your employee risks?

  • Risk software

Section 8 - Risk Reaction and Response

  • Fight or Flight?

  • 12-Step Program to ERM

  • Risk Management is Not Perfect.

Section 9 - Assessing Internal Controls

  • Identify the "Key" Controls

  • Test and Remediate the Controls

  • How Do We Test Controls?

  • Identify the Lines of Defense

  • Continuous Monitoring of KPI's and Risks

  • Achieve the "Risk-Control Balance"

Section 10 - Going Forward