Overview:
Many organizations have gone through extensive efforts to comply with Sarbanes-Oxley and other internal control regulations to ensure accuracy in their financial statements. But financial statement controls cover only a small area of risk and often ignore the far greater risks resulting from weak operational and other financial controls. In this webinar, you’ll learn how to:
- Develop and implement a risk management strategy
- Strengthen controls, limit risk and prevent fraud
- Reduce risk with hedging, derivatives and insurance options
- Manage a crisis
Objective:
This targeted webinar will provide you with a firm grasp of the common financial and operational risks that still confront companies and what you need to do, beyond insuring against them, to manage those risks.
Emphasis:
- Defining risk and quantifying acceptable levels of risk
- Determining the accountant’s responsibilities in risk management
- Analyzing the conditions, detection and control methods for fraud
- Utilizing financial statements, key performance indicators and common accounting tools to control risk
- Identifying ways to use key performance indicators to control risk
- Learning the role of policies and procedures in risk control
- Studying why staffing issues are a key component of risk management
- Learning how to use IT as a key factor in a risk management control program
- Using hedging and derivatives as part of a risk management program
- Integrating an ERM framework within COSO
- Making effective use of business insurance in risk management