This seminar provides participants with the fundamentals of how to best manage risks in small and medium-sized organizations. Risk Management methodologies and best practices will be introduced along with practical and real-life examples. Opportunities will be provided for the participants to apply the learnings at different junctures to their individual organizations.  

Practical, strategically integrated risk management will greatly assist small and medium-sized organizations to meet their objectives in times of increasingly complexity as well as meet their compliance and governance requirements.

According to a 2018 survey, The State of ERM in Canada - A Benchmarking Study, by the Conference Board of Canada, CPA Canada, and the Global Risk Institute in Financial Services, almost 50 per cent of small to medium-sized organizations do not have any kind of an Enterprise Risk Management (ERM) program in place.

These organizations operate in constantly changing environments with increasing constraints. As such, they need to be making informed and timely decisions regarding strategies and operations as to reduce the occurrence of unexpected and significant operational losses and reputational impacts, and to achieve objectives.  

This seminar takes participants through a well-established and practical risk management methodology and shows how this methodology can be used and integrated in small and medium sized businesses.

• describe how an enterprise risk management framework successfully manages risk
• make effective strategic decisions from a risk management viewpoint
• use a base set of tools and templates to identify, prioritize, treat and monitor risks
• develop successful communication and reporting strategies to discuss risk management with senior leaders, board members and other relevant stakeholders

• risk management definitions, benefits, and related standards
• risk management methodology. using ISO 31000 as a reference this includes:
  • understanding risk context, includes risk appetite
  • identification of risk
  • prioritization/assessment of risk
  • treatment of risk
  • monitoring and reporting on risk
• viewing strategic decisions from a risk management lens
• tools and templates for managing risks

Course Content Created: September 2023

Presenter

About This Product

On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.

Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.

Please note that not all on-demand courses include downloadable materials such as course notes or slides.

How to get started

Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.