5 Topics
5 Days
21 Sessions
Programme Overview
Training Description
WHO SHOULD ATTEND
This Auditing the Enterprise Risk Management Process course is designed for professionals involved in risk management, auditing, and related functions, including:
- Internal Auditors
- Database Managers
- IT Managers
- Financial Controllers
- Database Administrators
- IT Personnel
- Business Analysts
- Professionals seeking to update their knowledge in Oracle Database Management in both public and private sectors.
Session Objectives
- Define and understand the key components of an ERM framework.
- Identify and assess risk events, including their probability and impact.
- Develop effective risk responses and monitor the ERM process on an ongoing basis.
- Integrate business risk management with internal control processes to enhance organizational resilience.
- Apply auditing techniques to evaluate the completeness, accuracy, and effectiveness of the ERM framework within their organization.
- Utilize a top-down, risk-based approach to establish and audit the ERM process effectively.
- Develop comprehensive audit reports that drive positive changes within the organization.
About the Course
Effectively managing enterprise risks is crucial for sustaining organizational resilience and success. This Auditing the Enterprise Risk Management Process course is meticulously designed to equip participants with alternative methods, tools, and structures necessary for establishing and evaluating an Enterprise Risk Management (ERM) framework. Through a hands-on approach, participants will engage in a workshop setting where they will apply learned techniques to a case study, using the most effective audit strategies, tools, and processes to evaluate and improve an ERM system.
Curriculum & Topics
5 Topics | 21 Sessions
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Workshop 1.1:
Understanding the foundation of ERM
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Workshop 1.2:
Identifying risk events and their potential impact
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Workshop 1.3:
Assessing risks based on probability and impact
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Workshop 1.4:
Developing and implementing effective risk responses
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Workshop 1.5:
Continuous monitoring of the ERM process to ensure its effectiveness
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Workshop 2.1:
Understanding the concept of business risk and its implications
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Workshop 2.2:
Exploring the relationship between business risk and core business processes
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Workshop 2.3:
Developing strategies to integrate risk management with internal controls
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Workshop 2.4:
Utilizing Key Performance Indicators (KPIs) and baselines to monitor performance
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Workshop 3.1:
Auditing the risk organizational structure to ensure alignment with strategic goals
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Workshop 3.2:
Evaluating the completeness and coverage of the risk infrastructure
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Workshop 3.3:
Auditing the information flow within the ERM environment for timeliness, accuracy, and usefulness
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Workshop 3.4:
Assessing the effectiveness of communication channels within the ERM framework
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Workshop 4.1:
Establishing evaluation criteria for the success of the ERM process
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Workshop 4.2:
Auditing the ERM process to ensure it effectively precludes or minimizes risks
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Workshop 4.3:
Reviewing the maintenance and future strategic initiatives of the ERM framework
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Workshop 4.4:
Utilizing a top-down, risk-based approach to evaluate the overall ERM process
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Workshop 5.1:
Conducting risk assessments of the ERM environment
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Workshop 5.2:
Focusing the audit and establishing a clear audit scope
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Workshop 5.3:
Selecting the appropriate audit approach, tools, techniques, and strategies
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Workshop 5.4:
Creating effective audit reports that highlight key findings and recommendations for improvement
