Auditing the Enterprise Risk Management (ERM) Process

Audit

Internal Audit

Risk

Length: 8h 51m modules icon

Modules: 3 episodes icon

Episodes: 30On DemandAdvanced16 CPE Credits

Course Overview

This course provides an overview of the Enterprise Risk Management (ERM) process and all the underlying elements of ERM, including risk appetite, governance, and roles and responsibilities. The course includes the attributes that make an ERM process effective, such as addressing black swans, using risk-driven metrics, and linking ERM with the organization‚Äôs strategy. Most of the course will involve methods for auditing the ERM process by assessing the process according to the COSO framework, comprising five components and twenty principles. The course also includes ISO 31000, a summary of key highlights, and a comparison of the commonalities and differences between the ISO risk management framework and the COSO risk management framework. The course also covers the application of concepts using examples, case studies, exercises, and ERM reporting to various stakeholders.

Who This Course is For

Audit Directors and Managers, Risk Officers, Internal and External Auditors, Information Technology Auditors, and Operations Managers.

Why You Should Take This Course

For users with an intermediate knowledge of this topic, and are searching for a deeper understanding of its evolving complexities.

Prerequisites

Risk Audit School

or equivalent experience

Advanced Preparation

None

Auditing the Enterprise Risk Management (ERM) Process Overview

Here are the learning objectives we’ll cover

Enterprise Risk Management (ERM)
COSO Principles
Reports

Here are the topics we’ll cover

1. Enterprise Risk Management (ERM)
- Overview
- Risk Appetite
- ERM Governance
- Internal Audit‚Äôs Role and Responsibilities
- Black Swans
- ERM Effectiveness
- ERM Metrics
- ERM and Strategy

Achieve Compliance, Efficiency,
and Career Growth

AuditPro is built for busy auditors who need practical, high-quality training:

Effortless CPE Compliance: Fulfill annual requirements with flexible courses, saving time and avoiding last-minute rushes – users often complete 20-40 CPEs per year effortlessly.
Enhanced Audit Outcomes: Gain practical skills in risk management and fraud prevention, leading to more effective audits and reduced organizational risks.
Career Advancement: Build expertise in high-demand areas like cybersecurity auditing and ERM, with reported outcomes including promotions and higher salaries for certified pros.
Cost Savings: At $1,600/year, get premium, ISO 27001-certified training that's more affordable and convenient than in-person seminars or conferences.

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Get transparent access to a comprehensive training suite. AuditPro offers on-demand, NASBA-approved audit training with engaging video content, and integrated assessments.

Core Content: 200+ courses totaling 900+ hours, including Internal Audit Fundamentals (23–32 CPEs), IT audit and cybersecurity, risk and fraud, leadership and ethics, and other specialized topics.

CPE Details: Earn 2-40 CPE credits per eligible course; Automatically earn and track NASBA-approved credits upon completion, with certificates for your records.

Expert Instructors: Learn from seasoned audit leaders with real-world experience in compliance, risk assessment, and IT security.

Modular and Flexible: Self-paced modules with integrated assessments, user dashboard for progressing tracking, and mobile compatibility for learning on your schedule.

ACI Learning is registered with NASBA

ACI Learning 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: https://www.nasbaregistry.org/

Attendance policy for on-demand, self-paced training

Students enrolled in on-demand, self-paced courses are expected to take an active role in their learning by progressing through the course materials in a timely and consistent manner. Because these courses are self-directed, full completion of all modules, videos, labs, and assessments with a passing score of 70 are required to receive credit and any applicable CPEs. Learners are encouraged to set a regular study schedule to stay on track and maximize comprehension. CPE credits will be awarded based on the total course hours and verified completion of all required activities.