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Course Level :Basic
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Credits :1
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
Enterprise
Risk Management is new and somewhat confusing processing. Though valuable, it
needs to be running as anticipated to truly benefit a company. But isn’t risk the job of an audit? After all, they are the experts.
The audit is an integral part of the process
because they cannot own Enterprise Risk Management.
Both audit and
enterprise risk management (ERM) functions focus on an organization’s risk
profile and areas of great risk importance and exposure, but the two often take
different approaches.
An audit
serves as the assurance arm of risk management, answering the question: Are you
doing what you said you were going to do to manage risk? This function
maintains independence to be objective in the review and analysis of risk.
ERM
proactively works with the business to understand, assess, and report on risk.
This function seeks to understand potential areas of risk focus and work with the business to
develop and implement an adequate risk response if needed.
To create
stronger risk practices and build a strategic relationship between ERM and
audit, it's crucial to increase collaboration between the two. Ongoing
monitoring of risks and related controls is especially important to ensure
there is a constant feedback loop between risk
management and audit.
If
approaches between ERM and audit teams are not coordinated, there will be
issues. It can lead to inconsistent priorities and strategic messaging, greater
burdens on all stakeholders, and increased reporting needs and documentation
requests.
This CPE audit course will explain how audits can
help and make a difference.
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 through its website: www.NASBARegistry.org.
Founder & CEO, Auspicium
Denise Cicchella is a recognized expert in construction audit, protecting owners from the overpayment of construction costs due to error, negligence or fraud.
Dense is a Certified Internal Auditor, Certified Fraud Examiner, Certified Construction Auditor, Project Management Professional and Fellow of the Life Management Institute. She holds an MBA in International Business from Fairleigh Dickinson University and a BBA in Accounting from Loyola University. She is the Founding President of the New York/New Jersey Chapter of the National Association of Construction Auditors. She has audited and led audit teams for small construction project as well as multi billion dollar projects.
She is an experienced trainer and can often be seen teaching domestically and internationally.
Auspicium was founded as a management consulting firm specializing in audit, real estate management, facilities management and Construction Audit and construction audit cost recovery. We specialize in consulting, fraud examination, risk assessment, and training. Our founder is a recognized leader in the field and has spoken for private companies as well as for The Instiute of Internal Auditors and the Association of Certified Fraud Examiners.
7 Ratings
1 Credit
Subject Area
Jul 05, 2022 | 09:00 AM EDT
Jul 05, 2022 | 09:30 AM EDT
Jul 05, 2022 | 09:30 AM EDT
Jul 05, 2022 | 10:00 AM EDT
Jul 05, 2022 | 10:00 AM EDT
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