Risk Assessment Using Data Analytics: Enterprise Risk Management (ERM)

Audit

Risk

Length: 2h 25m modules icon

Modules: 3 episodes icon

Episodes: 9On DemandIntermediate4 CPE Credits

Course Overview

This course covers the basic concepts of risk assessments and enterprise risk assessments (ERAs) and how data analytics can optimize the risk assessment process; it also covers how to use risk assessments in risk-based auditing at the annual audit planning, the engagement planning, and the audit program development levels. It also includes Enterprise Risk Management (ERM) fundamentals, best practices, and examples of tools, templates, and reports commonly used in the risk management process. There is also coverage of ERM metrics using data analytics. To better partner with key business stakeholders and add value to one‚Äôs organization, it is necessary to understand key business risks. Therefore, the course devotes significant coverage to common business functions and their respective key processes, as well as the related risks, including Accounting, Financial Reporting, Human Resources, Legal, Sales, Contracts, Customer Service, Transportation/Delivery Service, IT, Manufacturing, Compliance, Quality Assurance, and Research & Development. Throughout the course, there are exercises, informative articles, case studies, examples of tools and templates, and graphical depictions to help the participant apply concepts and theories to practical use in their organization. The course wraps up with reporting risk information to key stakeholders, including what‚Äôs important to the Board as it relates to communicating risk information. This course covers the basics of risk assessments, risk assessment steps, templates, and examples. It also covers ERM metrics and effectiveness.

Who This Course is For

Internal Auditors, Compliance Experts, and leaders in Internal Audit departments.

Why You Should Take This Course

Internal Auditors, Compliance Experts, and leaders in Internal Audit departments.

Prerequisites

Risk Audit School Fundamentals of Internal Auditing

or equivalent experience

Advanced Preparation

None

Here are the learning objectives we’ll cover

Course Overview
Enterprise Risks
Enterprise Risk Management (ERM)

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.