In any business, large or small, the ability to recognize, evaluate, and manage risk is vital for continued growth and for the stability and well-being of the enterprise. In 2004, COSO published a framework called the Enterprise Risk Management – Integrated Framework. This framework provides a way for companies to satisfy their internal control needs and to manage risk to create competitive advantage, optimize the cost of risk, and improve business performance.
Learning Objectives:
The objective of this course is to provide viewers with an overview of the COSO ERM Integrated Framework. By the end of the course, the learner will be able to:
- Describe the origin of the COSO Enterprise Risk Management Integrated Framework
- Identify and describe the four categories of entity objectives for Enterprise Risk Management
- Discuss the eight interrelated components of Enterprise Risk Management
- Identify the benefits of Enterprise Risk Management
- List the limitations of Enterprise Risk Management
- Recommend practical application techniques and implementation ideas
Estimated Course Duration: 3 hours (3.5 CPE)
Delivery Method: Online Self-Study
Field of Study: Auditing
Program Level: Overview
Advance Preparation/Prerequisites: None
Program Content:
Overview of COSO
- Establishment of COSO
- COSO Internal Control Integrated Framework
- Internal Control
- COSO Enterprise Risk Management Integrated Framework
ERM Components
- Internal Environment
- Objective Setting
- Event Identification
- Risk Assessment
- Risk Response
- Control Activities
- Information and Communication
- Monitoring
COSO ERM Integrated Framework
- Limiting factors
- Benefits
- Roles and Responsibilities
ERM Practical Application Ideas
- Why Implement ERM?
- Five steps to implementing ERM
- Managing the ERM journey
Download PDF Course Description
In order to earn CPE credit, you must complete the training module within one year of enrollment and score 70% or above on the Final Exam.
Complaint Resolution Policy/Refund Policy:
For more information regarding refund, complaint and program cancellation policies, please contact our offices at (866) 923-8513 or if outside the U.S., please call +1 (925) 598-7771. You may also email us at knowledgeleader@protiviti.com.
Protiviti 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.