The Cutting Edge of Medical Technology Content, Community & Collaboration
Time: February 7, 2022 at 9am to February 8, 2022 at 3pm
Street: Compliance Online
City/Town: Palo Alto
Website or Map: https://www.complianceonline.…
Event Type: seminae
Organized By: ComplianceOnline
Latest Activity: on Tuesday
Enterprise risk management (ERM) includes the strategies, methods and processes used by business organizations to manage risks.
ERM sets out a framework for risk management. Typically this involves identifying specific events or circumstances relating to the business organization's objectives (in terms of risks and opportunities), assessing them on the basis of their likelihood of occurrence & their magnitude of impact on the firm, determining a response strategy, and monitoring progress of the event, the response and the outcome.
By being proactive in the identification and addressing such risks and opportunities, business organizations protect shareholder value as well as create additional value for their stakeholders, including the owners, employees, customers, regulators, and ultimately society overall.
ERM can may also be seen as a risk-based approach to managing a business, integrating the concepts of internal control, regulatory requirements (such as the Sarbanes–Oxley Act), and strategic planning.
ERM continues to evolve and aims to address the needs of various stakeholders, who want to understand the broad continuum of risks that face complex organizations to make certain they are managed appropriately. Regulators and rating agencies have also increased their scrutiny on the risk management processes of companies and firms. This increased scrutiny today makes up an important component of how the outside world views business organizations.
The course will provide participants with the necessary perception, knowledge and skill set to understand the risks and benefits of Enterprise Risk Management and learn how the COSO – ERM framework enables organizations and management to:
This practical hands-on training course is designed for all businesses both large and small. The following job titles/ positions will benefit from participating;