THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
THE ENTERPRISE RISK MANAGEMENT (ERM) Master Class – Recording
Date: 4th – 6th May 2022
Venue: Virtual
(This is one of the mandatory trainings for Practicing Certificate consideration)
Theme: Implementation of Successful Enterprise Risk Management Frameworks
OVERVIEW
Risk management is an important aspect of the strategic management of any organization and should be entrenched in the activities of the entity. Enterprise risk management (ERM) is the process of planning, organizing, leading, and controlling the activities of an organization to minimize the effects of risk on an organization’s capital and earnings. The fundamental elements of ERM are the assessment of significant risks and the implementation of suitable risk approaches and responses to the risk
The fundamental elements of ERM are the assessment of significant risks and the implementation of suitable risk responses. Risk responses include acceptance or tolerance of a risk; avoidance or termination of a risk; risk transfer or sharing via insurance, a joint venture or other arrangement; and reduction or mitigation of risk via internal control procedures or other risk prevention activities. Other important ERM concepts include the risk philosophy or risk strategy, risk culture and risk appetite. These are expressions of the attitude to risk in the organization, and of the amount of risk that the organization is willing to take. These are important elements of governance responsibility.
Understanding the risk appetite concept and the risk quantification will aid in objective measurement of risk and lead to an improvement in the risk culture of the organization. The ERM Master class will shed light on the ERM process as well as the critical skills and enablers towards successful risk appetite formulation and entrenchment by the organization after complete articulation and approval by the Board. The role of different players in ERM is also a critical aspect and the master class will provide an avenue for discussants to debate on the most appropriate placement level of the ERM Staff and their reporting lines.
The role of different players in ERM is also a critical aspect and the master class will provide an avenue for discussants to debate on the most appropriate placement level of the ERM Staff ad their reporting lines. Management responsibilities involving the risk universe and architecture or infrastructure, documentation of procedures or risk management protocols, training, monitoring, and reporting on risks and risk management activities will also be discussed in the master class.
This Master Class is intended to provide Risk Professionals with critical knowledge and insights that will enable them to ‘hit the ground running’ in their review and advisory roles. It will also be a good opportunity for delegates to build their professional skills and network with other like-minded professionals in the same field.
There will be an online assessment after successful completion of the master class.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the Webinar.
FINANCIAL COMMITMENT:
The Webinar charges are Kshs. 15,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance
ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/Online Booking
We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is mandatory.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 000, (+254) 733 856262 or via email to onlinelearning@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.