Audit and Risk Governance

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 the 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. 

Program courses are taught by subject matter experts and experienced faculty, offering a current and relevant curriculum to meet the CPA Evolution Exam 2024 requirements. A key strength of the program is its focus on real-world, practical learning, combined with personalized guidance from an advisor to support students throughout their accounting educational journey. With the flexibility of year-round online course offerings, students can continue to advance their knowledge and skills while balancing their existing professional commitments.