Exam Preparation
COSO ERMCOSO Enterprise Risk ManagementIntegrating with Strategy and Performance
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English
Intermediate
FACE 2 FACE
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Course Overview
Effective enterprise risk management is an organization-wide discipline that supports the achievement of strategic objectives, enhances decision-making, and strengthens governance and performance. The COSO Enterprise Risk Management - Integrating with Strategy and Performance Framework provides a structured, principles-based approach for identifying, assessing, and managing risk as an integral par
Key Takeaways
1
Define and distinguish risk concepts, including the difference between risks and issues, and the linkage between objectives and risk.
2
Explain the COSO ERM Framework and its role in integrating risk with governance, strategy, and performance.
3
Assess governance and culture arrangements that enable effective enterprise risk management.
4
Apply ERM principles to strategy setting and performance execution, using a portfolio view of risk.
5
Support effective oversight and decision-making through structured risk review, communication, and reporting.
Institute of Management Accountants
Founded in Buffalo, N.Y. in 1919, the Institute of Management Accountants (IMA) is the worldwide association of accountants and financial professional working in business. Whilst representing more than 70,000 professional members, IMA is committed to promote knowledge and professionalism among cost accountants and foster a wider understanding of the role of cost accounting in management. In this regard, IMA’s mission is to provide a forum for research, practice development, education, knowledge sharing and the advocacy of the highest ethical and best business practices in management accounting and finance. IMA achieves its main goal through: » Offering a rigorous, highly respected credential – the CMA – that recognized and rewards expertise » Building a peer network of professional relationships to share industry experience, access career opportunities, and make business contacts to last a lifetime » Providing extensive education programs to advance professional knowledge, increase leadership potential and satisfy CPE requirements » Giving a voice to the profession with insightful and timely journals and newsletters » Promoting leading-edge research and industry best practices » Advocating for the profession in a challenging regulatory environment.
Course Outline
Building Risk Awareness and ERM Foundations
Introduction to Risk Management
- What is risk? (Uncertainty affecting objectives)
- Companies that Failed to Manage Risk (Group Discussion)
- Risk versus issues (future uncertainty vs current problems)
- The relationship between objectives, risks, causes, and impacts
- Why risk management matters for governance and performance
- Integrating risk into decision making
Risk Typologies
- Strategic risks (PESTEL-driven, competitive, business model risks)
- Financial risks (credit, market, liquidity, capital risks)
- Operational risks (people, process, systems, external events)
- Emerging and interdependent risks
Roles and Responsibilities in Risk Management
- Board of directors and board committees
- Executive management and senior leadership
- Risk management function
- Internal audit and assurance providers
- Business owners and frontline management
Introduction to COSO ERM
- Evolution from traditional risk management to ERM
- Overview of the COSO ERM - Integrating with Strategy and Performance Framework
- ERM as a governance and management responsibility
Governance and Culture
Governance and Culture component
- Board oversight and risk governance structures
- Risk ownership and accountability
- Ethical values and integrity
- Risk culture and behavioural expectations
Aligning risk governance with organizational structure
Assessing governance and culture maturity
Practical discussion: how culture amplifies or suppresses risk
Strategy and Objective-Setting
Correlating objectives to risks at strategic and operational levels
Strategy and Objective-Setting component
- Risk appetite and risk tolerance
- Evaluating alternative strategies
- Strategic trade-offs and uncertainty
- Aligning objectives with risk appetite
Correlating objectives to risks at strategic and operational levels
Case discussion: strategy failure driven by unmanaged risk
Risk Performance and Execution
Performance component:
- Risk identification linked to objectives
- Risk assessment (severity, likelihood, velocity)
- Risk prioritization and portfolio view
- Risk responses and accountability
Integrating ERM into performance management
Linking risks, controls, and key risk indicators (KRIs)
Escalation and decision-making thresholds
Review, Revision, and Risk Reporting
Review and Revision component:
- Monitoring risk and performance outcomes
- Learning from failures, near misses, and disruptions
- Responding to internal and external change
Information, Communication, and Reporting component
- Risk information quality and timeliness
- Risk reporting to management and the board
- Effective dashboards and risk narratives
Integrated ERM case application
Course synthesis and key takeaways
Who Should Attend?
Board Members and Senior Executives
Chief Risk Officers and Risk Management Professionals
Strategy, Performance, and Planning Managers
Internal Audit and Assurance Professionals
Finance Professionals involved in planning, performance, and decision support
FAQ
What language will the course be taught in and what level of English do I need to take part in a LEORON training program?
Most LEORON courses are delivered in English. However, there are some courses offered in Arabic, mainly online. For our in-house courses, sessions can be curated and delivered in any language upon request. In general, the best way to confirm language availability is to check with our Enrollment Managers for the most up-to-date information. Simply click on “Let’s talk on WhatsApp” to chat with us directly.
What formats are the courses offered in?
LEORON delivers training in various formats including face-to-face, live virtual sessions, self-paced learning, in-house delivery as well as online courses.
Are LEORON Public courses certified by an official body/organization?
Yes, most LEORON public courses are accredited by internationally recognized bodies such as CIPD, ATD, PMI, IMA, EdEx, and many others—depending on the course.
Who accredits LEORON’s training programs?
LEORON partners with over 20 international bodies such as PMI, CIPD, ATD, IMA, EdEx, NASBA, CISI, GARP, HRCI, SHRM, ACCA, ASQ, IIA, ILM, IAC, and others
Are CPD points or PDUs provided?
Yes, learners can earn CPD credits and professional development units (PDUs) including NASBA CPEs, PMI PDUs, CISI, GARP, HRCI, SHRM, and more.
How can I register for a course?
You can register through our website by filling in the inquiry form, or by speaking directly with one of our consultants via WhatsApp or email. Once we confirm your interest, we’ll guide you through the steps.
When is the registration deadline for public courses?
Registration typically closes 14 days before the course start date, with occasional late registrations accepted upon confirmation
What is included in the course fee?
The fee generally covers 5-star venue facilities, training materials, certified instruction, lunches and refreshments, plus certification and membership where applicable.
Are there group rates or discounts?
Yes, group bookings and corporate-level discounts are available. Learners are encouraged to reach out to discuss specific arrangements
What support is available with registration?
Enrollment Managers and a Registration Desk assist with the entire process, including deadlines, travel logistics, and course customization. As well as any other special requests you might have. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Can I request a bespoke course at my location or within my organization?
Yes, in-house training is fully customizable in terms of curriculum, language, delivery, and timing. You can suggest dates and locations. Simply to go your preferred course and click on “Let’s chat on WhatsApp” in order to address any questions or concerns in this regards.
What is the refund or cancellation policy?
Refund and cancellation policies vary depending on the course type and location. Generally, cancellations made at least 14 days before the course start date may be eligible for a full or partial refund, while cancellations made closer to the course date may incur a fee. For exact terms, please consult your Enrollment Manager or refer to the course confirmation email.
Can I register multiple employees from my company?
Yes. We support group registrations and offer corporate packages for organizations enrolling multiple participants. Our team can help coordinate the logistics for group bookings.
Who should attend these courses?
LEORON caters to a variety of professionals: from those seeking leadership development to project managers, HR specialists, finance professionals, cybersecurity, procurement, Ai enthusiasts and many others.
Do I need prior experience or academic qualifications?
Not always. Many specialized paths, like cybersecurity, accept learners without prior experience. However, some courses (e.g., PMI PDU-based ones) may have recommended prerequisites. Its always better to chat with one of our Enrollment Managers to discuss more. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Will I receive a certificate after completing the course
Yes. Upon full attendance and successful completion, you will receive a certificate of participation or accreditation, depending on the course.
Are meals and refreshments included in face-to-face courses?
Yes. For in-person courses, lunch and coffee breaks are provided daily at the venue.
Can LEORON deliver a course in-house at our organization?
Absolutely. All programs can be delivered privately at your company or virtually for your team, customized to match your internal goals and structure.