RISK & INTERNAL CONTROL (2 Credits)

Learning Outcomes:

On completion of their studies students should be able to: Explain basic concept of Risk, Governance,and Internal Control; Analyze implementation and importance of Enterprise Risk Management (ERM), strong governance, and Compliance Issues Today; Explain Concept of Corporate Culture and Risk Portfolio Management, Information Technology and Enterprise Risk Management, and Importance of ERM in Board Room; Plan Establishment an Effective GRC concept and ERM into Company.

Topics:

1. Introduction to Enterprise Risk Management;
2. Importance of Governance, Risk and Compliance (GRC) Principles;
3. Risk Management Fundamentals;
4. Implementing ERM in the Enterprise;
5. Importance of Strong Governance Practices;
6. Enterprise Compliance Issues Today;
7. Integrating ERM with COSO Internal controls;
8. Corporate Culture and Risk Portfolio Management;
9. Importance of ERM in the Corporate Board Room;
10. Role of Internal Audit in Enterprise Governance, Risk and Compliance;
11. Information Technology, Industry 4. and Enterprise Risk Management;
12. Establishing an Effective GRC Culture throughout the Enterprise;
13. The COSO ERM Framework Current Approach.