The IIA Research Foundation recently released a new research report on enterprise risk management (ERM). Enterprise Risk Management: Pulling it All Together explores the movement of the internal audit profession from compliance auditing to a risk-based audit approach and demonstrates how ERM can help organizations focus employee efforts on the most important issues to boost shareholder value.
The 163-page study introduces the ERM approach and classifies risks into four categories: strategic, operational, financial, and hazardous. The report also includes case studies from organizations that have embarked on ERM such as Canada Post Corp., FirstEnergy Corp., General Motors Corp., Unocal Corp., and Wal-Mart Stores Inc., and examines the role of internal auditing in ERM implementation.
The authors, three noted professors of internal auditing and risk management theory, intend their report to provide practical and timely guidance for practitioners interested in implementing ERM in their own organizations.
Control self-assessment practitioners have the unique opportunity to sit for the Certification in Control Self-Assessment (CCSA) exam at The IIA's Enterprise Risk Management Control Self-assessment Conference in September and to attend a comprehensive CCSA review workshop held one day prior to the start of the conference.
The conference, held Sept. 18–20 in Chicago, will address the latest strategies, approaches, and techniques shaping the future of enterprise risk management. The Sept. 17 review session will cover topics such as exam administration, CSA tools, risk and control concepts and models, strategic business and management, project planning, and practice questions.
The special offering of the CCSA exam will take place Sept. 20, the final day of the conference. Pre-registration by Sept. 12 is required. Click here for more information.
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