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.

• Eight building blocks in establishing a strong risk management program
• Enterprise Risk Management (ERM)
• Quality of data for key risk indicators
• SEC disclosures
• SEC concept release
• Cybersecurity release and disclosures
• Climate change
• Geographic conflict
• Inflation and interest rates
• Generative artificial intelligence
  – Financial risk strategy and application
  – Limitations
  – Third party risk
  – SSAE 18 update
  – SOX II report
• Cybersecurity risks expectations

This targeted self-study 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.

• Identify the basis upon which risk management programs should be established

• Identify appropriate risk management metrics

• Identify the goals of an effective risk management program

• Recognize the relationship between the ERM framework, risk assessment, and the COSO framework

• Recognize the step to be taken after senior management has established an organization’s strategic goals

• Identify the “building blocks” in a risk management program

• Recognize the role of fraud within the COSO framework

• Identify the categories of risk to be considered within a risk management program

• Identify the perspective from which the ERM framework identifies risks

• Recognize the perspective from which key performance indicators are typically viewed

• Identify common metrics used by organizations to indicate increasing risk exposure

• Identify the role of insurance in risk management

• Recognize the optimum timing for evaluation and monitoring of existing risk management strategies

• Recognize the requirements for the identification of problems with current risk management strategies

• Identify the relative role of MIS in controlling risk

• Identify risks unique to MIS

• Identify recommended MIS user access controls

• Recognize recommended steps for the MIS prevention of data loss

• Recognize the changes to SSAE No. 18 relative to SSAE No. 16

• Identify the SSAE No. 18 changes to the SOC 2 report

• Identify the relative attention given to an entity’s internal controls by regulators

• Identify the general characteristics of an effective service organization’s control environment

• Recognize an organization’s likelihood of being subject to a cyber attack

• Recognize the characteristics all business cyber attacks have in common

• Recognize effective risk alignment strategies

• Recognize specified statistics on recent cybersecurity incidents

• Recognize the role of insurance in risk management programs

• Recognize the cyber risks unique to employees working from home

• Identify the expenses covered by specified cyber insurance policy coverage areas

• Identify suggested public relations strategies for a breach

• Identify the regulatory players within the cybersecurity realm

• Recognize the role of the Department of Homeland Security in cybersecurity matters

• Recognize the focus of the SEC’s jurisdiction over cybersecurity

• 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
• Learning how to use IT as a key factor in a risk management control program
• Integrating an ERM framework within COSO
• Making effective use of business insurance in risk management
• Understanding evolving cybersecurity threats in a post-COVID business world
• Efficiently utilizing risk disclosures