Why Should You Attend:
Risk assessments establish the foundation for all other components of the risk management program. Simply put, if a risk is not identified, there is no chance that key risk indicators, scenario analysis, or any other analysis of that risk will be performed. Additionally, if a risk is not properly assessed and prioritize, mitigating strategies may be inadequate, which will create unacceptable residual risk. The value of conducting both high-level assessments of all business units and detailed assessments of their most significant processes has been confirmed throughout the years as firms that have a rigorous risk assessment process are less vulnerable to unexpected risk events.
This webinar will explore how key processes must be regularly validated and why risk assessment is a critical component of several compliance programs such as Sarbanes-Oxley Section 404 internal control over financial reporting, customer privacy, money laundering and anti-bribery.
Areas Covered in the Webinar:
- Articulate your business objectives and define the scope of your risk assessment
- Identify the most appropriate risk assessment technique
- Plan and facilitate a risk assessment
- Identify and group risks
- Tailor a risk matrix to enable you to rate your risks
- Evaluate risks based on their rating and your organization’s risk tolerance
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