1.5 - 2 CPE This course covers the basic concepts of Enterprise Risk Management and important elements that finance executives and personnel need to be aware of when implementing ERM across their company.
In today’s world of evolving technologies and businesses, companies are taking on increasing levels of risk. This initiative has increased companies’ needs to employ appropriate Enterprise Risk Management (ERM) tactics in order to monitor and manage risk at the proper levels. In a world of do more at a faster pace, it is important for companies to manage their activities in a manner that can allow them to align risk strategies with overall risk management and internal control activities. Inability to do this may put the company at risk for not being able to meet strategic objectives.
ERM is an initiative important to all aspects of the office of the CFO. Managing risk includes all levels of financial, operational and compliance risk. Standard stated benefits of ERM include: Increased competitive advantage, increased likelihood of achieving strategic objectives and ability to meet increased stakeholder expectations, improved governance and increased likelihood of meeting regulatory and compliance expectations.
From the enterprise risk management training, you will come away from this course with a fuller understanding of ERM, how it fits in most companies and what the office of the CFO can do to ensure ERM works well and effectively protects the company without stifling growth.
Course Series
This course is included in the following series:
10 CoursesFinance for Entrepreneurs
- Start-up Equity and Cap Table Basics
- Understanding Performance-Based Equity Awards
- Accounting 101: How To Do Basic Accounting In One Hour
- Learn Finance Principles in 1 Hour
- Financial Modeling Using Excel
- The Evolution of a Great Spreadsheet Report - How to Effectively Present Numbers in the Business World
- Creating a Winning Pitch for Venture Capital Investors
- Venture Capital Valuation Analysis Method
- Enterprise Risk Management 101
- The IPO Preparation Process - Preparing a Company to Access the Public Markets
5 CoursesFinance for Non-Finance Professionals
- Accounting 101: How To Do Basic Accounting In One Hour
- Accounting Review: The Basics of Debits and Credits
- Accounting Review: Overview of Financial Statements; P&L, Balance Sheet, and Cash Flow
- Learn Finance Principles in 1 Hour
- Enterprise Risk Management 101
Learning Objectives
- Discover the purpose and definitions of Enterprise Risk Management (ERM)
- Identify the right sized ERM to meet company objectives
- Discover how to establish a Framework for ERM
- Identify the roles, responsibilities, and accountabilities for ERM
Last updated/reviewed: January 5, 2023
Included In Certifications
This course is included in the following Certification Programs:
15 CoursesManagement Oversight, Analysis and Internal Controls Certification
- Management Internal Control Essentials
- Comprehensive Examination of COSO 2013: Components and Principles
- Keys to an Effective Code of Conduct
- Fraud Risk Assessments
- Enterprise Risk Management 101
- Identifying and Implementing the Proper Balance of Internal Controls
- Information Technology (IT) Controls in Emerging Business Environments
- Analyzing Financial Ratios - Solvency, Liquidity and Debt
- Analyzing Financial Ratios - Leverage
- Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
- Keys to Understanding Conflicts of Interest
- Documentation Methods For Internal Control Processes
- Segregation of Duties for Core Business Processes
- Professional Skepticism - Keys to Maintaining
- Whistleblower Hotlines - Effective Management
151 Reviews (603 ratings)
Reviews
Mark Eastman
(Accountant at Self)
Good overview of ERM concepts with an emphasis on how to implement the practice in an organization.
Anonymous
(Assurance Specialist)
This is a good course. Courses taught by Lynn are always well delivered.
Wendy Sanyk
(Auditor at U.S Department of Veterans Affairs – D..)
Excellent overview/refresher of ERM concepts. I enjoyed Lynn's conversational style and practical insights from her own experiences with ERM. She emphasizes approaching ERM from a holistic, integrated mindset, focusing on benefits/outcomes and right-sizing the program for the organization. The course provides a good foundation of concepts and terms in an easy to follow format. Looking forward to the next class.
Anonymous
(Senior Auditor)
This course provided a nice overview on establishing what Enterprise Risk Management is and defining its concepts on integrating a Company wide process through the alignment of process level risk tolerances with the Company's defined risk appetite. The course then dives into the appropriate framework for a sound risk management program and provides ground level information on where to begin.
Anonymous
(Sr. Director of Cost Management and Comp..)
I have taken multiple courses taught by Lynn Fountain and find her to be one of the best at providing educational information in a consistent, clear and concise manner. This topic is no exception, and provides a great overview to the organizations risk management process. I am now heading to the Risk Management II module.
Anonymous
(VP, WFM and BusTech)
This course provided a good high-level overview of the enterprise risk management concepts. I particularly enjoyed the dialogue around differences between risk appetite and risk tolerance. The instructor provided effective course materials to reiterate key concepts, which aligned nicely with the presentation.
Julia Wilson
(Senior Billing Coordinator at DCI)
Your courses have all been so wonderful, so informational, and so thorough--in short, greatly appreciated by me! Thank you for sharing your expertise, your wealth of knowledge, your inclusion of examples! I have greatly enjoyed reading and listening to all of your lectures thus far.
Anonymous
()
Meaningful insight into the "right-sizing" concept of ERM, but also a great revisit to understanding how ERM is not only concerned about mitigating business risks but also a tool to enable balancing risk with returns. Thank you Lynn!
Dave Cytlak
(Chief Financial Officer at Blanchard Valley Health System)
Provided a solid conceptual basis. At times it seemed like some of the concepts were redundant or overlapped. I wonder if the same knowledge base would have been achieved in lesser slides or time but overall was a beneficial course
Anonymous
(CONTRACT ACCOUNTANT)
Good overview of ERM. Especially if one does not have a good understanding of the concept outside of the requirements for financial reporting. Instructor could have use fewer corporate “buzz” words and been more engaging.
Lawrence Hirsch
(Controller at Builders design)
Lynn,
you did a great job in communicating in this course. i got 100% on the final exam. So nice to be mentored by such a passionate and competent instructor. thank you. i recommend this course.
Larry
Anonymous
(Corporate Controller)
As always, Ms. Fountain does such a great job in presenting her topics by providing organized slides and examples to make her points. This course provides a great starting point in starting an ERM program.
Lawrence DeParis
(Founder & CEO at C-Level Solutions LLC)
Good overview of ERM concepts.
Presented in an easy-to-understand manner.
Liked that it was was described as an ongoing process that does not require as rigid an approach as I would have expected.
Anonymous
()
This course provides a basic understanding of what Enterprise Risk Management is and why it is important. This course also explains how to incorporate Enterprise Risk Management into any business.
Anonymous
(Auditor)
The course was very informative as I learned a lot about risk appetite and risk tolerance. The course was very well structured and not overwhelming. I like that the course was broken into videos.
K Harper
( at JLL)
GOOD OVERVIEW FOR ORGANIZATION AS A WHOLE
Anonymous
(cfo - consultant)
ERM is an initiative important to all aspects of the office of the CFO. Managing risk includes all levels of financial, operational and compliance risk. Great resource for Risk Management.
Pamela Blikstad
(CFO at Medical Teams International)
Course provided good information and a strong overall view of Enterprise Risk Management. Presentation was somewhat dull and would have been helped by presenting real-life examples.
Hyoe Nakagiri
(Senior Manager, Internal Audit at IPG Photonics)
Provides a very clear picture of what ERM is and what it is not. Excellent foundation for my internal audit group as we consider how we can contribute to the company in this respect.
Anonymous
(Associate Director)
Great overview of the ERM process. Something that is important for all organizations to understand and do. This is not a check the box thing, it is something to be taken seriously.
Anonymous
(Director of Financial Services)
Was very vague. I understand that this is an introductory course, but the only actionable item I might take from this course is to have my budget managers do a risk assessment.
Anonymous
(Associate Cyber & IT Auditor)
I enjoyed how the instructor incorporated real life examples to her teachings. Being able to view the PowerPoint Presentation was helpful to go through as she was instructing.
Anonymous
(Owner)
Great primer course. Hit on the fundamental framework topics that one would want covered when setting out to establish an ERM competency/activity within an organization.
Anonymous
(Senior Internal Auditor)
This course was refreshing. The instructor was effective in communicating the various topic within the course. The time allotted for the course was also sufficient.
Anonymous
(SFA)
Another great course from Lynn. A very good introduction course if you need to take a more focused one. Also, very good for refreshing the existing knowledge.
Anonymous
(-)
This was great information as my company is currently in the process of implementing ERM. It helps to put into perspective why this effort is so beneficial.
Karol-Ann Keenan
( at Tervita)
I really enjoyed this course, it was a very good introduction to the concept of Enterprise Risk Management and how best to apply it in your organization.
Anonymous
(Finance and IT Consultant)
Great course. It went in-depth about the goals and objectives of setting up an ERM system and the items to be kept in mind while attempting to do so.
Wendi Finn
View Instructor Profile
The course was a good summary of what ERM is, however, I would have liked to walk away with a "starting point" or template of objectives to consider.
Peter Addison
(Security Consultant at Capgemini)
Just enough but maybe some visual examples of Risk Tolerance and Risk Appetite would further understanding, otherwise a great start to the subject.
Anonymous
()
This course provided a good high-level overview of the enterprise risk management concepts. Lynn does a great job at communicating in this course.
Keith Johnson
(Director SOX Compliance at Waterjet Holdings)
As with all of Lynn's courses, the topic was well articulated, segmented, and explained with enough detail to fully understand the complexity.
Anonymous
()
This 101 level course on Enterprise Risk Management is a great resource. It provides all the essentials to start a conversation in my office.
Jennifer Pawliw
(Staff Auditor 1 at Berkshire Bank)
great information, feel as though alot of info was redundant and again exam questions asked things that were not directly covered in slides.
Anonymous
(Director)
Good reminder for how ERM should be structured. Too often this is not the case, which is why ERM isn't always as successful as it should be.
Anonymous
(Senior Manager, Financial Planning)
Very good overview of ERM. A case study or two to illustrate these concepts would be helpful, but that may part of the subsequent course.
Erik Schendel
(Controller at Harry & David)
This provides a good introduction to ERM, it provides a great introduction of where to start and what the overall goals should be for ERM.
Anonymous
(Senior Accountant)
I enjoyed the course. It covers a lot of information that needs to be considered and addressed in establishing an ERM committee and team.
Anonymous
(Consultant)
A nice refresher on Enterprise risk management. A reminder that the whole organization needs to have this embed awarness throughout.
Anonymous
(Senior Internal Auditor)
The course briefly stated the importance of ERM and emphasized that it is an activity that involves all levels of an organization.
Anonymous
(Accountant)
Very nice overview of the content. Instructor was easy to follow. Relevant information for an entire company, not just finance.
Tai Whaley
( at Infrastructure Engineers)
This webinar was thought provoking with regards to risk and formalizing the risk assessment processes within the organization.
Anonymous
(Mom's Meals)
Great material on the basic concepts of ERM. Presenter was easy to understand and communicated the material in a logical format.
Brian Fleischer
( at NYC School Construction Authority)
A good review of the basic definitions and concepts along with some best practices. No surprises, but did what it needed to do.
Anonymous
(CFO)
Gives good insight in beginning to implement a risk management program. Help highlight the need to bring in the whole company.
Izabela Skrzek
(Director of Finance at Quarry Integrated Communications Inc)
Overall, a very informative presentation. However, this material could have been condensed in 45 min. A lot of repetition.
Anonymous
(Director, Financial Reporting)
The content was very helpful and relevant to me - its something very important that does not always get a lot of attention.
Kenneth Tobin
(Operations Risk Manager at BHG)
Outstanding Class! I have been implementing ERM for the past 8 months and this course solidified my knowledge! Thank you!
Sean Flynn
(Accounting Manager at Rosemawr Management)
Good course on Enterprise Risk Management, it goes over the need to have quality ERM in place and the key players involved.
Anonymous
()
very useful and meaningful course. it's highly recommended for professionals to take it. it highlights key points about ERM
Anonymous
(Managing Director)
The course explains the concepts relating to enterprise risk management. Recommend to professionals in risk related roles.
Anonymous
(Sole Proprietor)
Good foundation for ERM including information on risk appetite and tolerance, team work, roles and responsibilities etc.
Sylvia Ratliff
(internal audit consultant at self employed)
Well planned presentation and very thorough. Enjoyed the informal, broad approach to the subject of Risk Assessment.
Anonymous
()
This is a good overview of ERM for those who are not familiar. I have a much better idea of how to execute one now.
Anonymous
(-)
Great initial overview of enterprise risk management. A lot of food for thought of items to apply in the workplace.
Anonymous
(Manager - Compliance and Risk Management)
I enjoyed this course because it was very applicable, relatable and relevant. Thank you for putting this together.
Anonymous
(Senior Director - Revenue Management)
This was a good initial session / introduction on ERM. It simply was the right place to start before jumping in.
Janae Dacut, MBA, CIA
(Auditor at Kaiser Permanente)
Very informative course, I learned a lot about ERM and definitely was able to apply it to my own organization.
Anonymous
()
CISA and CPA's would both benefit. I learned a lot about ERM and why it is very important for an organization.
Mahmoud Eltaher
( at PwC)
Straightforward and informative course. I liked it where I was able to test my knowledge and refresh my memory.
Anonymous
()
The material is organized in a very coherent way. The examples are concrete and clear. Capturing presentation!
Jimmy Hall
( at Consultant)
This course was very effective at delivering the ideas needed to be a more effective leader, and professional.
Kevin Murray
(Controller at DA Collins)
This is a good overview of risk management, ideal for someone with little knowledge of the function of ERM.
Anonymous
(Not Provided)
This course covers the basics on enterprise risk management and how an entity can create a plan to manage.
Debbie Banks
( at Banks Accountancy LLC)
Good basic information on Enterprise Risk Management. Great place to start before diving in to the details.
Anonymous
(Head of Global Business Assurance)
Course was not overly academic and aligned with how ERM frameworks are actually implemented effectively.
Kim Perry
( at Premier Diligence LLC)
This was a thorough and comprehensive overview of ERM. I look forward to the next series of instruction.
Anonymous
(Program Analyst Auditor)
Excellent foundational course for Risk Management. The instructor was very knowledgeable and engaging.
Jeff Nelson
( at A.O. Smith Corp.)
Stated learning objectives were met. Stated learning objectives were met. Time allotted to the learning.
Anonymous
(Internal Audit Manager)
Good course, good overall summary and refresher. I enjoyed how the information was presented overall.
Veronica Liles
(Audit Director at Simmons Bank)
This was a good summary of ERM. I liked the very clear comparison of risk appetite vs risk tolerance.
John P Stephens
( at Liquid Environmental Solutions)
The course was too high-level without enough practical steps to identify, measure, and address risk.
Bryan Baker
(- at DOJ)
Great introduction into ERM that outlines the overall function, purpose, and steps to implement ERM
Anonymous
(Supervisor)
Easy to understand and delivered in a way which establishes a base for considering risk management.
Anonymous
()
Very clear and informative course on enterprise risk management. Well done on a great presentation!
Carlinton Clarke
(- at Duca)
great and informative course. I now understand the difference between risk appetite and tolerance.
Anonymous
(Accounting Manager)
A great introduction to Enterprise Risk Management. The course is very informative and structured.
Brian Donovan
(Supervisor, RAS at RSM)
Well organized and easy to follow. Instructor was great and presentd in line with expectations.
Quentin Johns
(Financial Consultant at DLC Group)
Provides a great starting framework for enterprise risk planning. Easy to follow and understand.
Andrew Hoffmanns
(Ethics & Compliance Manager at Basrah Gas Company)
A good introduction to ERM. I like to integrated approach to ERM that is advocated in the course.
Anonymous
(-)
Good course. It would be helpful to know the answers to questions that we got wrong in the exam.
Peter Abader
(- at BMO)
nice and easy to follow ... good introduction to those who are not specialized in Risk Management
Anonymous
(CFO)
Good overview of the concept of ERM. Also good discussion on integration within an organization.
Anonymous
()
This is a very interesting course on enterprise risk management presented in a very clear manner
Anonymous
()
The tutor has compiled good information. Delivery was good. Was able to revise a lot of concepts
Derek Ettinger
( at GP Fund Solutions, LLC)
This course was more informative than I expected when enrolling. Very good overview of ERM.
Sergey Bulychev
(internal auditor at Transneft Finance LLC)
Отличный курс. Все понравилось. Автор эффективен!
Anonymous
(IT Advisory Snr. Associate)
An interesting course. Nothing surprised me. This training will be beneficial to everyone.
Anonymous
(Supervisory Auditor)
I liked the conversational style from the instructor versus just reading off the slides.
Anonymous
(CRO)
Good introductory course on ERM. Well designed and instructor did a good job explaining.
Anonymous
()
Good review of ERM principles from a planning perspective. My thanks to the presenter.
Anonymous
()
Found course curriculum fully met its objectives and was comprehensive in its content.
Mercedes Maldonado
(Chief Strategist at Meveau)
The instructor was clear and concise in her discussion of enterprise risk management.
Anonymous
(-)
Well-presented discussion of ERM theory and practical components. Excellent course!
Jayla Murphy
(Risk Analyst at VA - U.S. Department of Veterans Affairs)
Good intro to ERM. This training was easy to follow. Very knowledgeable trainer.
Hartense Green
(Systems & Procedures Analyst at U.S Department of Veterans Affair – De..)
Since all of it was new to me I learned a lot about Enterprise Risk Management...
Anonymous
(Auditor (Data Scientist))
Great overview of ERM. Very informative for someone who is new to the process.
Anonymous
()
This course was ok. I didn't learn anything that I didn't already know though.
Anonymous
(Senior Associate)
This course was great, it was very helpful to learn about the basics of ERM.
Anonymous
(Risk Advisory Services)
Helpful course in explaining the ERM process. High level course offering.
Anonymous
(SVP, Finance & Strategic Pla..)
good presentation and overview of a topic that can be dull, well organized
Jan Laudenbach
View Instructor Profile
This course is creating a great overview about Enterprise Risk Management.
Anonymous
(AVP Compliance Risk Management)
Instructor clearly defines reasons and terms in Enterprise Risk Management
Anonymous
(-)
Good overview of ERM and related concepts and considerations. Thank you!
Anonymous
(Consultant - Process Specialist)
Very helpful course for those who wanted to pursue and implement an ERM.
David Fisher
( at Toledo Zoological Society)
Nice course. Content was clear and laid out well. I like this creator.
Anonymous
()
Great overview of a topic that I have not had direct responsibility for.
Monte Smith, CMA
(Chief Executive Officer at Gerding Companies, Inc)
Good overview. Essential introduction for those new to risk management
Anonymous
(controller)
Ok, class. Very theory based and not detailed in specific take aways.
Antonio Crawford
(Senior Internal Auditor - Budget/Busines.. at Individual)
It was a great course, very practical which it makes it very useful.
Anonymous
(Not Provided)
I liked the way she explained the Risk Appetite and Risk Tolerance.
Anonymous
(Senior Internal Auditor)
This was a good refresher about what ERM is and what it comprises.
Anonymous
(Director, Governance)
Great course with lots of ERM information and examples to follow.
Anonymous
(Consultant)
Great course, CPE is really a great requirement and use of time.
Anonymous
(Manager)
It was a well thought out course and with interesting material
Anonymous
(Year Round Intern)
I liked that it was helpful in explaining the process for ERM.
Abraham Minto
( at Abraham Minto LLC)
Lynn's course on Enterprise Risk Management was well presented
Anonymous
()
This is a really good course! A great introduction to ERM.
Anonymous
(Not Provided)
Now I know what my short "elevator speech" on ERM should be.
Katie Surratt
(Auditor II at Simmons Bank)
The instructor is very thorough and slide are very helpful.
This is a good start to have better understanding about ERM
Matthew Long
( at Wells Fargo)
Matches what I see in my organization. Clear presentation.
Mark Edoff
(Principal at MNE Solutions LLC)
Good course to overview the basic building blocks of ERM.
Ahmed Saeed
( at Surgi-Tech)
Good course of Enterprise Risk Management for Beginners
Anonymous
(Accountant)
Tremendous work on enterprise risk management :):):):):)
Jennifer Bor
(Sole Practitioner at Accounting and Business Management Consu..)
works for what i need to renew my cpa and cia licenses.
Naoko Kuge
(Internal Controls Manager at Hoshizaki Europe B.V..)
it was difficult to listen (used highest volume of PC)
Anonymous
(Controller)
Very good broad overview of effective risk management
CHRISTOPHER WALKER
(Director of Risk at Qualstar Credit Union)
Good overview, look forward to more in-depth courses.
Anonymous
(Internal Controls Manager)
interactive and fun training with nice ERM framework
Raul Cardona
(Senior IT Internal Auidtor at The Cosmopolitan of Las Vegas)
Great Course on Risk Management. Well put together.
Alexander Makielski
( at Pero)
Nice summation of high-level risk analysis process
Simon Adell
(Chief Financial Officer at Undisclosed)
An excellent, thorough overview of the topic.
Wayne Burns
(CFO at Lone Tree Inc)
Poor slide layout. Lack of visuals
Gwen Clemings
(Production Revenue Accountant at Repsol)
Well organized and easy to follow.
James Rose
(SR Manager Internal Audit at Southwestern Energy)
Well organized. Good overview.
Terri Salazar-Rodriguez
(None at None)
Excellent introduction to ERM.
Prasanna Thiruvenkatachari
(Partner at Shree Accounting LLC)
Well presented concepts.
Paul Phillips
(Finance at None)
Well done. Easy to follow
Cherie Ergle
(-Audit Manager at SC State Fiscal Accountability Authority)
A good overview of ERM
Anonymous
(Audit Supervisor)
Flow of information
Charles Elwis
(Insurance Broker at Health Guys)
Clear and concise
Anonymous
(-)
Very good course
Sophia Kasozi
(- at City of Edmonton)
Good refresher.
Anonymous
(President)
Very concise.
Anonymous
(-)
Great course.
Kenneth Hopkins
(Senior Financial Analyst at The University of Texas Health Science C..)
Excellent...
Nathaniel Hatten
(Vice President - Risk & Control Mana.. at JPMorgan Chase & Co.)
Great!
Anonymous
(Director - Transaction Services)
Good.
Anonymous
(Sr. Director - Corporate Audit)
Good
Jacob Petersen
(Financial Analyst at DLL Group)
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Prerequisites
Course Complexity: Foundational
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
.
Lynn FountainCPA, CGMA, CRMA, MBA, Consultant, Author, Trainer
About Illumeo
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Contact Us
- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 75 East Santa Clara St.
- Suite 1215, San Jose, CA 95113
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