Format: On-demand
Organizations make decisions in environments shaped by uncertainty. Effective risk management helps leaders understand that uncertainty, evaluate possible outcomes, pursue opportunities, and make informed choices that support organizational objectives. Risk management frameworks provide the principles, structures, and processes organizations can use to integrate those activities into strategy, governance, operations, and performance.
In this course, you will explore foundational risk management concepts and examine two widely recognized approaches: COSO Enterprise Risk Management: Integrating with Strategy and Performance and ISO 31000:2018, Risk management: Guidelines. You will compare how the frameworks address governance, culture, strategy, risk assessment, response, communication, monitoring, and continual improvement. You will also examine The IIA’s Three Lines Model and consider how internal audit provides assurance and advice on risk management while maintaining independence and objectivity.