Assessing Risk for Smaller Companies

Organizations are under pressure to be effective in identifying and managing the risks they face – financial, operational, regulatory, social, ethical, crisis, and environmental. The impact of risk on small and middle market companies is certainly more acute and these companies are often less able to absorb the impact of realized business peril. Still, many small to middle market companies are challenged to justify the cost benefit of allocating resources and time to an enterprise-wide risk management program. Even progressive companies that have adopted enterprise risk management (ERM) programs struggle to create mature ERM practices despite the fact that the volume and complexity of risk is increasing. This webinar will describe the benefit of developing an enterprise-wide risk management program. We will describe a pragmatic approach for promoting a risk management culture and executing risk assessment activities by exploring the following: •Aligning your ERM methodology with the newly released COSO Enterprise Risk Management Framework •Small and Medium Market approach to ERM and risk management agenda •Explaining the difference between Enterprise Risk Management and Enterprise Risk Assessment •Executing Enterprise Risk Assessment methodology, scoring and reporting •Control gap assessment and remediation Whether or not you have created a formal ERM program, this session provides practical advice and consideration for managing your organization's risk in a manner that’s scalable and tailored.