Risk Assessment Using Data Analytics: Enterprise Risk Management (ERM)

Risk

Overview

This course covers the basic concepts of risk assessments and enterprise risk assessments (ERAs) and how data analytics can optimize the risk assessment process; it also covers how to use risk assessments in risk-based auditing at the annual audit planning, the engagement planning, and the audit program development levels. It also includes Enterprise Risk Management (ERM) fundamentals, best practices, and examples of tools, templates, and reports commonly used in the risk management process. There is also coverage of ERM metrics using data analytics.

To better partner with key business stakeholders and add value to one’s organization, it is necessary to understand key business risks. Therefore, the course devotes significant coverage to common business functions and their respective key processes, as well as the related risks, including Accounting, Financial Reporting, Human Resources, Legal, Sales, Contracts, Customer Service, Transportation/Delivery Service, IT, Manufacturing, Compliance, Quality Assurance, and Research & Development.

Throughout the course, there are exercises, informative articles, case studies, examples of tools and templates, and graphical depictions to help the participant apply concepts and theories to practical use in their organization. The course wraps up with reporting risk information to key stakeholders, including what’s important to the Board as it relates to communicating risk information.

This course covers the basics of risk assessments, risk assessment steps, templates, and examples. It also covers ERM metrics and effectiveness.

Who should attend:

Internal Auditors, Compliance Experts, and leaders in Internal Audit departments.

Here are the topics we'll cover.

  1. Course Overview
  2. Enterprise Risks
  3. Enterprise Risk Management (ERM)

Learning Style

On Demand

Level

Intermediate

Includes

Assessment

Who this course is for

Internal Auditors, Compliance Experts, and leaders in Internal Audit departments.

NASBA Certified CPE

4 credits

Field of Study

Auditing

Length of course

4h

Prerequisites

Risk Audit SchoolFundamentals of Internal Auditing
or equivalent experience

Advanced Preparation

None
Start Learning Today
Stay ahead of the curve and future-proof your business with training programs designed for you.
Purchase a PlanContact Sales

ACI Learning is registered with NASBA

ACI Learning 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: https://www.nasbaregistry.org/