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Risks are an essential part of all businesses. Firms that develop a disciplined strategy to understand and manage risks have a distinct advantage over their competitors, including both higher returns and lower cost of capital.

This course provides an overview of the concepts of corporate enterprise risk management from the perspective of a finance and accounting organization, emphasizing the integration of risk management and corporate strategy.

The course starts with an overview of the types of risks businesses face, and then discusses best practices in risk assessment and enterprise risk management, including the COSO Enterprise Risk Management framework. The linkage of corporate governance and risk management is explored, including a discussion of key findings from a New York Stock Exchange (NYSE) commission on corporate governance.

This course covers the Enterprise Risk Management material published in the content specification outline for the Certified Management Accountant (CMA) Part 2 examination.

Topics include: 

  • Overview of Risk
  • Basics of Risk Management
  • Enterprise Risk Management
  • COSO framework for Enterprise Risk Management. 
  • Corporate Governance and Enterprise Risk Management

Course Key Concepts: Corporate Governance, Corporate Risk Management, COSO, Enterprise Risk Management, ERM, Monte-Carlo Simulation, Risk Assessment, Risk Maps, Scenario Planning, Value at Risk (VaR).

Learning Objectives

  • Identify risk.
  • Identify the types of risk and key elements of each. 
  • Recognize risk management and its key steps. 
  • Explore the use of probabilities to assess risk.  
  • Identify strategies for risk response. 
  • Recognize Enterprise Risk Management (ERM) and explain its key objectives, components, and benefits.
  • Recognize the role of the Committee of Sponsoring Organization’s (COSO) ERM framework. 
  • Explore the role of corporate governance in ERM. 
Last updated/reviewed: November 23, 2019

2 Reviews (17 ratings)Reviews

5
Member's Profile
I really enjoyed listening to Tom Coghlan and no doubt he is well experienced and educated in Audit and Risk Management.
4
Anonymous Author
It was good for me to understand the basic of Corporate Risk Management.

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  14:47Introduction and Overview of Risk
  15:35Basics of Risk Management Part 1
  13:03Basics of Risk Management Part 2
  12:54Enterprise Risk Management (ERM) Part 1
  13:00Enterprise Risk Management (ERM) Part 2
  9:58Corporate Governance and Enterprise Risk Management (ERM)
CONTINUOUS PLAY
  1:19:03Corporate Risk Management
Supporting Materials
  PDFSlides: Corporate Risk Management
  PDFCorporate Risk Management Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM