Enterprise Risk Management 0


Why Attend


Enterprise Risk Management known as (ERM) has evolved a lot since the seventies. From simply 'buying' insurance, it has now evolved and grown in importance to become a prime function in many organizations. It is now part of a bigger system known as Governance, Risk and Compliance (GRC) which starts with corporate governance and ends with compliance. ERM is the function of studying the risks that may hinder a corporation's ability to achieve its goals and then deciding how to overcome these risks. Studies regarding risk management were done by different organizations, including ISO which issued ISO 31000 on risk management. However, the most accepted ERM system is the one designed by 'COSO'. This system, which is the one covered in this course, teaches the steps needed to control risk. It starts with the evaluation of the internal environment and the setting of objectives which are, mainly, a result of the tone at the top of the organization, the directives from corporate governance as well as the vision, mission and corporate strategies. Then, the course goes through the steps management needs to consider in order to identify and assess risk and decide on proper risk responses and controls. The course ends with how to monitor, communicate and report risk. In addition, the course looks at risk in different organizational areas such as strategy, reporting, compliance, operations, financial or physical risk as well as risk in different industries.

Course Methodology


The course is based on detailed explanations by the instructor and presentations by both the participants and the instructor. It also includes many case studies related to different industries and areas of the business.

Course Objectives


By the end of the course, participants will be able to:

Identify internal and external changes that will create risks to the organization

Understand the relation with the board of directors through governance and improve Risk-Based Decision Making (RBDM)

Influence internal controls by choosing the response to the risks identified

Classify risk categories in the organization and identify right authorities to manage them Analyze, assess and improve risk management practices within the organization

Target Audience


Managers, senior managers, directors, executives, financial controllers, senior accounting and finance personnel, and auditors.

Target Competencies


Improve risk monitoring and control

Analyze and assess risks

Advise directors on risks

Control risks

Mitigate risks

Report risks


National Association of State Boards of Accountancy (NASBA) : Ciel Consulting

Training & Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.learningmarket.org

Location & Date


ERM | Weekday |15TH – 17TH April, 2019 |3 days| N50,000

ERM |Weekends |13TH – 20TH April, 2019|2 Weekends| N50,000

Venue No 21 Oil Field Avenue, Off School Road Elelenwo, Port Harcourt

Ciel Consulting reserves the right to alter dates, content, venue and trainer.

Course Outline



Risk perception

Why should we care about risk

Internal environment changes

External environment changes

Risk management and corporate governance

Introduction to corporate governance

GRC concept: governance, risk and


GRC system: governance, risks and controls Risk management as part of corporate governance

Governance failures

Risk based decision making

Risk management and corporate control environment Risk management’s influence on designing internal controls

Risk-Based internal audit assessment of risk management performance

ERM and its evolution


Enterprise Risk Management

Port Harcourt, Port Harcourt, Rivers
Mar 15
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Port Harcourt, Port Harcourt, Rivers
AD ID 1051205016

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