4 Most Overlooked Business Risks

We tend to focus on fighting today’s fires without spending adequate time on bigger, more important risks inherent in today’s inter-connected, competitive world. This seminar drills down into four commonly overlooked business risks, looking at how to anticipate, manage, mitigate or exploit them. We will discuss the professional obligations of the board and executive management to assess risks and the responsibility of internal and external auditors to evaluate the adequacy of these assessments.

Topics Discussed

Systemic Risk
The mega-trends facing organizations today

Strategic Risk

• Five signals of “de-maturity” in an industry
• Is your company ready to respond?
• Ten ways to integrate risk mgmt. into strategy

Culture Risk

• Can measuring candor be tied to investor risk?
• The Rittenhouse Method of predicting market performance
• Correlating candor with market performance

Management Continuity Risk

• Does your organization risk operational disruption due to a key personnel loss?
• Risk management’s role in management continuity planning

Cases and Group Discussion
This seminar includes group discussion of at least five cases and exercises.

Target Audience
Upper level corporate financial managers, internal auditors and public practice CPAs concerned about risk in their own business or who advise clients on risk management issues.

Level of Knowledge
Intermediate

Acronym
MOBR

CPE Credit
8 hours group live

Delivery Method
Group Live

Area of Study
Auditing

Prerequisite
Minimum of six months of risk management experience or training. Participants should have at least six months of industry experience and thorough knowledge of financial accounting principles and practices.

Advanced Preparation
None