THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
The Enterprise Risk Management (ERM) Seminar – Recording
Date: 18th – 19th October 2022
Venue: Virtual
Time: 09.00am-03.30pm
OVERVIEW
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. Enterprise risk management includes financial, strategic, and operational risks, in addition to risks associated with accidental losses.
Today’s business world is constantly changing — its unpredictable, volatile, and seems to become more complex every day. By its very nature, it is fraught with risk. Enterprise risk management not only is a comprehensive, systematic approach for helping the organization to identify, measure, prioritize and respond to the risks, it is also critical when setting your company’s strategy.
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.
This seminar is intended to provide professionals with critical knowledge and insights that will enable them to specialize in their risk 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.
- Fundamentals of Enterprise risk management
- Understanding the purpose, components, and scope of risk management
- Risk management standards
- The risk management process
- Risk Strategy, risk culture, risk profile and risk appetite and tolerance
- Climate change risk management
- Risk governance
- Effective assessment and risk monitoring and reporting
- Common misconceptions about risk management
- The role of different players in ERM development and implementation
- Risk analytics, modelling and automation.
- Risk maturity assessment
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. 10,000. 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.