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Advancing GRC Efforts through the Evolution of ERM
This webinar on advancing GRC efforts through the evolution of ERM will cover how to effectively converge ERM and GRC program and evaluate actions required to ensure your company’s strategic efforts to achieve the ultimate goal of strategic corporate value.
Why Should You Attend:
For almost two decades, there has been considerable discussion and frustration about the pace of change in embracing and adopting the concepts of Enterprise Risk Management (ERM). With the advancement of technology has come the concept of GRC solutions. The thrust of GRC is to lift executive management and decision making away from one off solutions and towards an integrated approach that considers all elements of governance, risk management and compliance.
Although both ERM and GRC concepts are well outlined within various business documents, they can mean different things to different companies. The processes are deployed in a variety of ways and can take on various meanings within the organization ultimately causing confusion and inefficiencies in the deployment of concepts that are meant to be value added to organizations. The COSO ERM module provides specific guidance related to procedural requirements for ERM however it stops short of providing guidance on ensuring the enabling concepts of ERM can support and integrate within a GRC environment.
This webinar will focus on the important concepts required to converge these two processes and gain synergistic value for your organization.
Areas Covered in the Webinar:
- Translating the foundational concepts of ERM, its program definition and purpose, to synergize with your GRC program.
- Evaluating the organizational pillars and roles imbedded within your ERM program and translating them to your GRC initiative to ensure alignment.
- Actions to break down the political walls embedded in ERM and GRC programs.
- Dissecting the current regulations which heighten focus on both ERM and GRC.
- Examining the impact of the impending COSO 2013 framework on the COSO ERM current framework.
- Defining requirements for right-sizing ERM to contribute to an effective GRC program.
Who Will Benefit:
- Board Members
- Risk and Legal Professionals
- Internal Auditors
- Compliance Professionals
- Process improvement professionals
Ms. Lynn Fountain, CGMA, CRMA, MBA, has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks.
Ms. Fountain has developed and delivered leading edge training sessions on the new COSO framework and has assisted companies in identifying risk gap analysis in their individual processes. She currently executes two highly recognized e-workshops for the Institute of Internal Auditors, one on Fraud and the second on Ethics. Both workshops have incorporate aspects of COSO 2013.
Ms. Fountain is in the process of authoring a publication for the IIA Research Foundation on aspects of fraud auditing. The publication is due out in 2015. In addition, she has performed as an adjunct instructor for the School of Business for Grantham University and the School of Business at the University of Kansas.
Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas.
An effective enterprise risk management (ERM) program identifies and quantifies all risks and establishes formal risk management processes. A robust ERM program will allow companies to mitigate losses and to facilitate critical decision-making by evaluating uncertain events that could positively affect the business. ERM will also help you identify emerging risks more quickly and improve the capabilities of the risk management system to handle them. Viewing governance, risk and compliance (GRC) practices holistically will assist to streamline compliance and risk management processes. An integrated GRC program incorporates multiple aspects which include risk management evaluation and analysis techniques, governance concepts and compliance management. Technology infrastructure can be a strong enabler to the GRC process. The ultimate goal is increased transparency and accountability or company's GRC processes.
ComplianceOnline would process/provide refund only if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs."
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