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Understanding and Identifying Risk 3 Credits

Understanding and Identifying Risk 3 Credits

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  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Answer the polling questions
  • Get your certificate

Sep 20, 2024 | 02:30 PM ET

Learning Objective

  • To define the concept of risk and its significance in various contexts.
  • To explore the principles and methodologies of risk management.
  • To examine examples of emerging and novel risks in today's dynamic landscape.
  • To differentiate between different types of risks, such as financial, operational, strategic, and compliance risks.

Course Overview

In today's dynamic and interconnected world, understanding the concept of risk is crucial for individuals and organizations alike. 

Risk can be defined as the potential for events or circumstances to have negative impacts on objectives. These impacts can manifest in various ways, including financial losses, operational disruptions, reputation damage, and more. Different types of risks encompass financial, operational, strategic, and compliance risks, each requiring specific strategies for mitigation and management.

Effective risk management is a cornerstone of success in any endeavor. It involves a systematic approach to identify, assess, and address potential risks to achieve desired objectives. The primary objectives of risk management include minimizing the likelihood and impact of negative events while maximizing opportunities that may arise. By implementing formalized risk processes, organizations can proactively anticipate and respond to challenges, thus enhancing their overall resilience.

In this CPE Auditing Course, we will understand how managing risk is essential for thriving in an unpredictable world. By grasping the fundamentals of risk, embracing formalized risk management processes, mastering risk identification techniques, and navigating emerging and novel risks, individuals and organizations can proactively shape their destinies. 

Key topics covered in this course:

  • Consider what risk is
  • Explore different ways of looking at types of risks
  • Understand why we look at risks, and why this matters
  • Learn methods to identify existing and changing risks
  • Explore how to do the impossible - identify emerging risks

Join this CPE Webinar we will guide how a strategic approach to risk can enable better decision-making, enhance resilience, and drive sustainable success.

Explore your career with MY-CPE online CPE Courses for CIA Professionals. Earn valuable CIA CPE credits while expanding your skills and knowledge from anywhere, anytime. Our courses cover a wide range of topics relevant to your field, ensuring you stay up-to-date with the latest developments. With flexible scheduling and expert-led content, MY-CPE provides a convenient and effective learning experience tailored to your needs. Join us today and take advantage of our comprehensive resources to propel your career forward. Let MY-CPE be your trusted partner in achieving your professional goals.

  • 3 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 3 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
  • 3 CPE Credit of Risk Management for Certified Internal Auditors (CIA)
  • 3 CPE Credit of Fraud Risk Assessment for Certified Fraud Examiner (CFE)
  • 3 CPE Credit of Auditing for Certified Management Accountants (CMA)
  • 3 CPE Credit of Audit Risk for Certification in Risk Management Assurance (CRMA)
  • 3 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 3 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
  • 3 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
  • 3 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 3 CPE Credit of Risk Management for Certified Internal Controls Auditor (CICA)
  • 3 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
  • 3 CPD Credit of Risk Management for Financial Risk Manager (FRM)
  • 3 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 3 CPE Credit of Risk Management for Certified Controls Specialist (CCS)
  • 3 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
  • 3 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)

  • 2.5 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 2.5 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
  • 2.5 CPE Credit of Risk Management for Certified Internal Auditors (CIA)
  • 2.5 CPE Credit of Fraud Risk Assessment for Certified Fraud Examiner (CFE)
  • 2.5 CPE Credit of Auditing for Certified Management Accountants (CMA)
  • 2.5 CPE Credit of Audit Risk for Certification in Risk Management Assurance (CRMA)
  • 2.5 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 2.5 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
  • 2.5 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
  • 2.5 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 2.5 CPE Credit of Risk Management for Certified Internal Controls Auditor (CICA)
  • 2.5 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
  • 2.5 CPD Credit of Risk Management for Financial Risk Manager (FRM)
  • 2.5 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 2.5 CPE Credit of Risk Management for Certified Controls Specialist (CCS)
  • 2.5 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
  • 2.5 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)

Additional Information

Credits

3

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

About Instructor

Experienced professional skilled in Internal Audit, Risk Management, Corporate Governance, Finance & Accounting, and Mergers & Acquisitions. Strong consulting experiences across a number of different organizations and countries.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

4.5

Excellent

Very Good

Average

Poor

Terrible

JS

Jeff Schaller, CIA

An excellent presentation on the topic of understanding and identifying risk, from someone who has a wealth of knowledge and experience. Douglas Anderson presented this topic in a clear, balanced, objective and realistic manner accompanied by numerous examples to demonstrate the course material.

RL

Raymond Lopez, CIA

Outstanding presentation by Douglas: good flow of information, with many relevant and practical examples from his own experience.

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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