Risk Management Primer for your Business

Whether you are running an accounting firm or working within a larger organization everyone has a collective role when it comes to risk, which includes identification and oversight of relevant risks affecting the organization. What role do management and the board play when developing a risk culture, strategy, or appetite? How does the organization come up with metrics to monitor and control the identified risks, and who is responsible when things go wrong?

         
All organizations including accounting firms and accounting departments are subject to risk. Consideration needs to be given to the internal and external factors that could quickly create a crisis for the organization. Understanding risk management basics  can help Practitioners take the next steps in addressing risk. Accountants are often at the forefront of developing risk management plans which identify and prioritize risks as well as implement risk control strategies. Take your risk management plan to the next level.

Applicable for:
All Practitioners who have responsibility for risk management within the organization.

Learning Objectives
By the end of this course, participants should be able to:

  • Understand what is risk management and what are its purposes
  • Identify risks related to their business
  • Define risk and hazards
  • Assess risk tolerance
  • Examine the elements of a risk management plan
  • Understanding the risk management process, including identifying hazards, evaluating risks, and selecting the right risk control strategy, implementing the strategy, and reviewing it

Content
The topics in this seminar include:

  • Identifying Hazards
  • Evaluating Risk
  • Examining Risk Control Strategies to minimize or prevent harm
  • Risk Control Strategies to Transfer Responsibility
    • Legal Documents
    • Business Partnerships
    • Insurance
  • Choosing the Right Risk Control Strategy
  • Implementation, Monitoring and Review

Seminar Leader: Priti Shah

Presented by PD Partner: Praxis Consulting

What to Expect

  • This is a Live Virtual Seminar where class size has been limited to allow for an interactive learning environment. 
  • This seminar will not be recorded.
  • Course materials, links and credentials will be emailed to you two business days before the seminar. Once sent, the email will also be found in your Account Communication tab of the CPA Manitoba Member Portal. 
  • Live webinars have varying levels of expected interaction, and some may require webcam and microphone capabilities – if you have concerns about the interaction required for this course, please email [email protected]

CPA Manitoba PD Terms and Conditions 
When
12/7/2023 1:00 PM - 4:30 PM
Central Standard Time
Registration
Online registration not available.

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