Audit and Risk Governance
BUSA-40993
This course provides an introduction to the principles and concepts of enterprise risk management (ERM). Framework from the Committee of Sponsoring Organizations’ (COSO) and guidelines from the International Organization for Standardization (ISO) will be covered. Topics include the definition of risk, the ISO 31000 risk management principles, and COSO 2004 ERM-Integrated framework. Students will learn about oversight and leadership, ERM and strategic management, alignment of ERM with internal control, audit and compliance function.
Key objectives of the course
- Understand background, concepts and principles of enterprise risk management
- Understand a definition of risk, risk management system and standards
- Describe elements of the ERM framework
- Delineate roles and responsibilities of ERM system participants
- Identify key success factors for effective risk management
- Describe risk heat maps, advantages and shortcomings
- Analyze a risk management maturity model
- Demonstrate ability to find the latest risk management thought leadership
Format
This course is offered in an online asynchronous format. There are no set meeting times, however, students follow a weekly schedule and there will be deadlines to meet in terms of course requirements. This course cannot be completed at an accelerated rate. UCSD Extended Studies operates in Pacific Standard Time and therefore any deadline is considered 11:59 p.m. Pacific Standard Time.