New risks are arising from technological change, political uncertainty, cyber-crime and increasing drivers of intangible value. It is mandatory for organizations to be proactive in anticipating and managing risks. This approach requires organizations to build a risk awareness and management culture putting increased emphasis on compliance and governance. New approaches to enterprise risk management are emerging. Revisions to COSO and ISO31000 share the ambition to integrate risk management into all aspects of the organization’s activities and emphasize the importance of developing a risk culture that aligns with the organization’s values and ability to handle complexity. This course will address new approaches to enterprise risk management, including recent updates to COSO and ISO frameworks with focus on managing risk in increasingly complex business environments. Core tenets of strategy development, risk culture, and performance management will be covered to help practitioners implement best practices in enterprise risk management.
Building a risk awareness and management culture. Cybersecurity/Cyber Terrorism and technology. Employee recruitment, development and retention. Loss of knowledge and reputation. Social media issues. Operational issues in risk management. COSO ERM framework revisions ISO31000. Risk management, revisions. Useful tools and techniques in risk awareness and management. Risk management in strategy development. Whole-organization risk management integration.
Familiarity with enterprise risk management concepts and best practices.
Recognize the trends shaping risk and risk management. Identify new approaches to enterprise risk management. Describe revisions to recently updated ERM frameworks from COSO and ISO. Identify the importance of developing a robust risk culture. Determine how processes and procedures can be enhanced by using a value stream perspective for enterprise risk management. Apply key risk management tenets into an entity’s strategy and enterprise processes to preserve value.
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Lynn Fountain has over 35 years of experience spanning public accounting, corporate accounting and consulting. 20 years of the experience has been spent working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.
Ms. Fountain has held two Chief Audit Executive positions for international companies. She was a member of the senior leadership team for Aquila Inc. in Kansas City, MO, until the sale of the utility in 2008. At Aquila, she was responsible for Internal Audit, Enterprise Risk Management and Sarbanes-Oxley. She was an integral member of the senior leadership team that effectively executed the sale of the utility. Upon the close of Aquila, Ms. Fountain engaged in her own consulting and training business. During this time, she worked with several organizations to establish ERM, Sarbanes-Oxley and governance frameworks. In addition, she has developed and delivered leading edge training sessions on COSO, internal audit, ERM, accounting, leadership, governance, compliance and ethics.
In 2011, Ms. Fountain was the Chief Audit Executive for an international construction and engineering firm in Kansas City. In this role she was involved in the active investigation of a joint venture fraud. The investigation included work with the FBI and ultimately led to indictment of the perpetrators and recovery of $13M.
In 2012, Ms. Fountain returned to her consulting and training business. Along with her risk management, internal controls and financial accounting consulting work, she delivers training for the American Institute of Certified Public Accountants, Institute of Internal Auditors, and multiple seminar and training groups. In addition, Ms. Fountain is affiliated with Empower Audit Training and Consulting.
Ms. Fountain is the author of two separate technical books released in 2015, The first entitled “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation and released in April 2015. Her second book “Leading The Internal Audit Function” will be released in October 2015 by Auerbach Publications. This book serves as the initial launch for a series of leading practice internal audit and information technology publications. In addition, Ms. Fountain is a frequent blogger on the LinkedIn platform and has also had numerous articles published in professional and technical publications.
She has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for 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. She has her CGMA, CRMA credentials and CPA certificate.
Non-Member Price $349.00
Member Price $249.00