COSO ERM Mastery: A Step-by-Step Guide to Implementing Enterprise Risk Management
Course Overview This comprehensive course is designed to provide participants with a thorough understanding of the Committee of Sponsoring Organizations (COSO) Enterprise Risk Management (ERM) framework and its implementation in real-world settings. Upon completion of this course, participants will receive a certificate issued by The Art of Service.
Course Features - Interactive and engaging content
- Comprehensive and personalized learning experience
- Up-to-date and practical information
- Real-world applications and case studies
- High-quality content developed by expert instructors
- Certificate of Completion issued by The Art of Service
- Flexible learning options, including mobile accessibility
- User-friendly interface and community-driven discussion forums
- Actionable insights and hands-on projects
- Bite-sized lessons and lifetime access to course materials
- Gamification and progress tracking features
Course Outline Module 1: Introduction to COSO ERM
- Overview of the COSO ERM framework
- History and evolution of ERM
- Benefits and challenges of implementing ERM
- Key components of the COSO ERM framework
Module 2: ERM Governance and Culture
- Understanding the role of governance in ERM
- Establishing a risk-aware culture
- Defining risk management roles and responsibilities
- Developing a risk management policy
Module 3: Risk Identification and Assessment
- Identifying and categorizing risks
- Assessing risk likelihood and impact
- Prioritizing risks
- Developing a risk register
Module 4: Risk Response and Mitigation
- Developing risk response strategies
- Implementing risk mitigation measures
- Monitoring and reviewing risk responses
- Developing a risk mitigation plan
Module 5: Control Activities
- Understanding control activities
- Designing and implementing controls
- Evaluating control effectiveness
- Developing a control activities plan
Module 6: Information and Communication
- Understanding the role of information and communication in ERM
- Developing a communication plan
- Establishing information requirements
- Developing a data management plan
Module 7: Monitoring Activities
- Understanding the role of monitoring activities in ERM
- Developing a monitoring plan
- Establishing metrics and benchmarks
- Developing a reporting plan
Module 8: Review and Revision
- Reviewing and revising the ERM framework
- Updating the risk register and risk mitigation plan
- Reviewing and revising control activities
- Developing a review and revision plan
Module 9: Advanced ERM Topics
- Understanding advanced ERM topics, such as risk appetite and risk tolerance
- Developing a risk appetite statement
- Establishing risk tolerance levels
- Developing a plan for advanced ERM topics
Module 10: Case Studies and Group Discussions
- Real-world case studies of ERM implementation
- Group discussions and activities
- Applying ERM concepts to real-world scenarios
- Developing a plan for implementing ERM in your organization
Certificate of Completion Upon completion of this course, participants will receive a certificate issued by The Art of Service, demonstrating their mastery of the COSO ERM framework and its implementation in real-world settings.,
- Interactive and engaging content
- Comprehensive and personalized learning experience
- Up-to-date and practical information
- Real-world applications and case studies
- High-quality content developed by expert instructors
- Certificate of Completion issued by The Art of Service
- Flexible learning options, including mobile accessibility
- User-friendly interface and community-driven discussion forums
- Actionable insights and hands-on projects
- Bite-sized lessons and lifetime access to course materials
- Gamification and progress tracking features