Risk Management Challenges and Solutions: A Practical, Cost-Effective, Hands-On Approach to Implementing Risk and Internal Controls from a Management Perspective

Day One:

Day Two:

Introduction/Fundamentals - Risk Management and Internal Controls

• Enterprise Risk Management (ERM)/Internal Controls defined
• Risk Management overview
• Pressure to manage risk
• Value and Benefits
• Implementation Challenges
• Keys to designing and maintaining a successful program
• Interactive Discussion/Questions

Financial Controls (Workshop)

• Internal Control over Financial Reporting
• Financial Reporting Objectives
• Financial Reporting Risks
• Fraud Risk - AU Section 316
• Entity Level Controls

Corporate Governance/Roles and Responsibilities

• Culture
• Organization View and Structure
• Board of Directors/Audit Committee
• Management
• Internal Audit
• External Audit
• Interactive Discussion/Questions

Definitions and Concepts (Workshop)

• Risk Appetite
• Risk Response
• Risk Categories
• Internal Environment

COSO ERM Integrated Framework

• Understanding the Components
• Relationship between Internal Control over Financial Reporting and ERM

ERM Process (Workshops)

• Strategy and Objective Definition
• Event Identification
• Risk Assessment
• Risk Response - Control Activities
• Communication
• Monitoring

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.

Ms. Marchetti served as the Global Service Line Director – Governance and Risk Management Practice at Parson Consulting. As the Practice Director she worked with numerous clients on Sarbanes-Oxley compliance initiatives and frequently collaborated as well as presented to Board's of Directors in regard to Sarbanes-Oxley compliance, Corporate Governance and Enterprise Risk Management. Ms. Marchetti leverages this experience with a unique blend of technical skills which include management of ERP software implementations from a technology, process and accounting perspective. She has designed training programs for Board of Directors and Audit Committees as well as end users and consultants on various business software applications, Sarbanes-Oxley compliance, ERM in addition to IFRS and has conducted over 200 formal training seminars.

Anne currently operates Account-Ability Consulting and provides advisory and consulting services in the areas of Sarbanes-Oxley compliance, internal controls optimization, corporate governance, enterprise risk management, IFRS, financial system implementation and training/education.