- NY Credits : 5.0
- TX Credits : 5.0
Enterprise risk management (ERM) is the future of how businesses will be run. It is a process of managing risk across an entire company. ERM improves the way a company handles the more predictable risks that businesses face and allows companies to avoid bad investments and in turn make investments that otherwise might seem too risky. ERM is a framework that changes how everyone does her/his job.
Upon completion of this course, the user should be able to:
identify the enterprise risk management framework,
recognize the various events and risks that can impact the achievement of organizational goals and objectives,
recognize the importance of top management's integrity and ethical values to the culture of the company,
recognize the concept of risk tolerance,
recognize the risk management process and define events,
identify event identification methodologies,
recognize how to assess and identify risk responses,
identify the different types of internal controls, and
recognize the importance of continuous monitoring and the internal audit function.