Denise Cicchella
Instructor Denise Cicchella
Product Id 601393
Duration 60 Minutes
Version Recorded
Original Price $295
Special Offer Price $10
Refund Policy
Access recorded version only for one participant; unlimited viewing for 6 months

Auditing Enterprise Risk Management


In 2004, the Committee of Sponsoring Organizations of the Tread way Commission (COSO), issued a principle-based guidance on designing and implementing an effective enterprise-wide approach to risk management. This guidance defines essential components - such as risk appetite, risk tolerance and portfolio view, provides guidance using common principles, and provides counseling and strategy for an effective program.

ERM has been implemented and is being used by companies around the world. Internal Auditors can be effective in playing an active role in ERM while maintaining their independence, complying with professional standards, and enhancing their role as consultants. Once established though an ERM framework can not be left to grow without monitoring and accountability. Subjecting the ERM Function to an audit helps ensure that the Framework is working as far as effectiveness and efficiencies.

Why should you Attend:

  • Enterprise risk management is a critical function to an organization to emphasize a top down approach and to identify process improvement from an organization wide perspective.
  • Enterprise Risk Management when working effectively is the driving force behind decisions made by the Board of Directors, to ensure they are making wise decisions, ERM compliance needs to be enforced
  • Enterprise Risk Management is a process and exposes the organization to risk, to hedge that risk and understand that risk they need to be governed - an audit is an excellent governance tool
  • Enterprise Risk Management is an evolving function and proper auditing and reporting should be done to measure effectiveness and maturity
  • Auditing can provide valuable insight to the Enterprise Risk Management team

Areas Covered in the Session:
  • How to measure the effectiveness of your Enterprise Risk Management team
  • Audit’s role form a hands off approach
  • Meeting Audit committees needs
  • Auditing while maintaining independence
  • Providing assurance on risk management

Who Will Benefit:
  • Chief Audit Executives
  • Auditors
  • Risk Managers
  • Project Management Office

Speaker Profile
Denise Cicchella CIA, CFE, CCA, PMP is executive director at Auspicium. She has lectured and taught on the topic of construction audit in the past. She has also lead and participated in construction audits of major private and infrastructure projects resulting in large recoveries for her clients. She is also the author of the IIA Handbook: Construction Audit: Overview, Monitoring and Auditing and Auditing for Corporates.

She is the founding president of the New York/New Jersey Chapter of the National Association of Construction Auditors

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