Risk Management: Internal Controls & Fraud Prevention - Part 1 Self-Study Webinar

To provide CPAs and other finance professionals with a foundational understanding of risk management frameworks and SEC disclosure requirements, enabling them to support effective ERM implementation and risk communication.

DETAILED LEARNING OBJECTIVES

• Understand the purpose and objectives of a risk management program

• Identify the key steps in the risk management process

• Recognize methods used to identify internal and external risks

• Evaluate risks using likelihood and impact analysis

• Understand risk response strategies including avoidance, reduction, transfer, and acceptance

• Explain the importance of ongoing monitoring and risk review

• Identify key documentation components in a risk management framework

• Understand the role of business continuity planning in risk mitigation

• Recognize the importance of testing controls and identifying weaknesses

• Understand the function and purpose of internal controls

• Explain the principles and structure of enterprise risk management (ERM)

• Differentiate between risk appetite and risk tolerance

• Understand governance responsibilities in overseeing risk management

• Identify SEC requirements related to risk factor disclosures

• Eight building blocks of a successful risk management program
• How to establish an effective framework for Enterprise Risk Management (ERM)
• SEC disclosures: risk factors
• SEC rulemaking and concept releases impacting risk disclosures

Rosemary Ferrero, CPA