Risk Management Challenges and Solutions

Course Description:

Designing, building and/or assessing a risk management program and associated system of internal control can be complex. This 2 day hands-on workshop explores the unique challenges facing all entities - Public, Private, Non-Profit and Government - and their members - CFO’s, CEO’s, Controllers, Internal Auditors and managers. The speaker will discuss practical implementation solutions as well as best practice descriptions that will allow management to effectively assess, manage and mitigate risk as well as strengthen the internal control environment while requiring minimal cost, resources and time.

Ms. Anne will present a business case for the necessity of an Enterprise Risk Management program as well as discuss benefits and implementation challenges. You will learn how to utilize any existing system of financial control as a platform for the design and implementation of an enterprise-wide risk management program. Implementation options and considerations will be offered which will allow participants to consider and explore appropriate solutions for their organization. Participants will have the opportunity to actively navigate through the full risk management program design and implementation process utilizing an interactive workshop approach.

Learning Objectives:

Upon course completion participants will be able to:

• Differentiate between internal control over financial reporting and overall internal control
• Strengthen internal control by focusing on Entity Level Controls
• Apply standard practices for corporate governance
• Utilize existing systems of internal control to build a comprehensive ERM program
• List and explain the components of the COSO ERM Integrated Framework
• Associate the Risk Assessment process with an ERM program
• Apply the Fraud Risk standard to the ERM process
• Apply the ERM process to create an ERM program

Anne M. Marchetti, has 25 of years of finance and accounting experience in both private industry and public accounting. She is a Sarbanes-Oxley subject matter expert focused on the design, implementation, analysis and optimization of internal control systems and corporate governance and risk management programs. As a thought leader in this area, she developed a compliance methodology in conjunction with a delivery framework and has spoken at numerous conferences as well as published several articles on this particular subject. Ms. Marchetti has worked globally with both public and private entities in most industries as well as organizations of all sizes. She regularly interacts with Big Four, middle market and local external audit firms as a liaison on behalf of these organizations.