What does the COSO ERM course cover?
COSO ERM is covered here in 8 modules: Introduction to COSO ERM: Key components of COSO ERM, History and evolution of COSO ERM, Risk Management Principles: Definition of risk and risk management, Risk Identification and Assessment: Risk prioritization and categorization and 5 more.
How do you approach COSO ERM step by step?
The work is sequenced in 8 stages. It starts with Introduction to COSO ERM: Key components of COSO ERM, History and evolution of COSO ERM, moves through Risk Management Principles: Definition of risk and risk management and Risk Identification and Assessment: Risk prioritization and categorization, and ends at Maintaining and Improving COSO ERM: Maintenance and review processes.
What is in Module 1 of the COSO ERM course?
Module 1 is Introduction to COSO ERM: Key components of COSO ERM, History and evolution of COSO ERM. It works through Overview of the COSO ERM framework, History and evolution of COSO ERM, key components of COSO ERM and 1 more. It sets the vocabulary the remaining 7 modules build on.
How is the COSO ERM course delivered?
The COSO ERM course is fully self-paced with immediate online access after enrolment. Access does not expire and future updates are included at no cost. It can be taken on any device, and a certificate of completion is issued by The Art of Service when you finish.
How much does the COSO ERM course cost?
The COSO ERM course is $199 as a one time payment. There is no subscription, no per seat licence and no hidden fee. Enrolment carries a 30 day satisfied or refunded guarantee, so it can be assessed in full before you commit.
Closely related courses: COSO ERM Implementation Mastery, COSO ERM Mastery, COSO ERM Framework.
More answers: what you get with every course, refund policy, all help answers.
Mastering COSO ERM: A Step-by-Step Guide to 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. Through interactive lessons, hands-on projects, and real-world applications, participants will gain the knowledge and skills needed to implement and manage an effective ERM program within their organization.Course Objectives
- Understand the COSO ERM framework and its components
- Identify and assess risks within an organization
- Develop and implement risk management strategies
- Monitor and review risk management processes
- Communicate risk management information to stakeholders
Course Outline
Module 1. Introduction to COSO ERM: Key components of COSO ERM, History and evolution of COSO ERM
- Overview of the COSO ERM framework
- History and evolution of COSO ERM
- Key components of COSO ERM
- Benefits of implementing COSO ERM
Module 2. Risk Management Principles: Definition of risk and risk management
- Definition of risk and risk management
- Risk management principles and concepts
- Risk management frameworks and standards
- Regulatory requirements and compliance
Module 3. Risk Identification and Assessment: Risk prioritization and categorization
- Risk identification techniques and tools
- Risk assessment methodologies and approaches
- Quantitative and qualitative risk assessment methods
- Risk prioritization and categorization
Module 4. Risk Response and Mitigation: Risk transfer and risk avoidance
- Risk response strategies and options
- Risk mitigation techniques and controls
- Cost-benefit analysis and risk-return tradeoffs
- Risk transfer and risk avoidance
Module 5. Risk Monitoring and Review: Risk reporting and communication
- Risk monitoring and review processes
- Key performance indicators (KPIs) and metrics
- Risk reporting and communication
- Continuous improvement and feedback loops
Module 6: COSO ERM Components
- Internal Environment
- Objective Setting
- Event Identification
- Risk Assessment
- Risk Response
- Control Activities
- Information and Communication
- Monitoring Activities
Module 7. Implementing COSO ERM: Training and awareness programs, Implementation planning and strategy
- Implementation planning and strategy
- Change management and cultural considerations
- Training and awareness programs
- Technology and infrastructure requirements
Module 8. Maintaining and Improving COSO ERM: Maintenance and review processes
- Maintenance and review processes
- Continuous improvement and feedback loops
- Quality assurance and audit processes
- Regulatory compliance and updates
Course Features
- Interactive and engaging lessons and activities
- Comprehensive coverage of COSO ERM framework and components
- Personalized learning experience with hands-on projects and real-world applications
- Up-to-date content and regulatory requirements
- Practical and actionable insights and recommendations
- High-quality content and expert instructors
- Certification upon completion, issued by The Art of Service
- Flexible learning options and user-friendly platform
- Mobile-accessible and community-driven
- Lifetime access to course materials and updates
- Gamification and progress tracking features