THE INSTITUTE OF CHARTERED ACCOUNTANTS (GHANA)
WORKSHOP ON ENTERPRISE RISK MANAGEMENT AND RISK REGISTER DEVELOPMENT
Businesses face rapid change and increasing uncertainty driven by a myriad of factors, including geopolitical events, volatile financial markets, technology developments, cybersecurity, data privacy concerns, and climate change. This is particularly uncertain time for businesses as the global economy experiences heightened volatility and rapid change. The reality is that risk management remains underdeveloped in many organisations.
In this environment, proper risk management will be increasingly important for organisations to ensure their resiliency and success over long term. To drive more efficient ERM, management must draw upon CFOs, holders of other finance function, Internal Auditors and all other responsible managers to ensure risk management practices provide a holistic understanding of opportunity and risk linked to objectives and value creation.
Undoubtedly, a Risk Register is essential in the successful management of risk. A good Risk Register is critical to informed decision-making and therefore needs to be tailored to your organization and updated regularly.
In fact, as a matter of emphasis, the Government of Ghana (through its agencies like Ministry of Finance, Ghana Audit Service and State Enterprises Commission) requires all MDAs, MMDAs and SOEs to adopt comprehensive Enterprise Risk Management processes and also maintain Risk Register.
In its quest to support the drive of this process, the Institute of Chartered Accountants (Ghana), in collaboration with an ERM Specialist, is organising workshops across the country to equip managers with the requisite tools for effective ERM. This two-day workshop explores risk assessments, the qualities of an effective risk register and its benefits to an organization. By participating in this workshop you will learn how to design an effective risk register and gain an understanding on how your organization should identify and manage threats and opportunities.
This workshop is suitable for:
• Individuals responsible for managing risk in their organizations
• Risk professionals who wish to develop their understanding and ability to produce effective risk registers
• Practicing risk managers and champions
• Internal auditors
• Finance Managers
• Individuals entering the risk profession
Participants who successfully attend this workshop will acquire the skills, tools and knowledge needed to improve risk prioritization and resource allocation in their respective organizations.
This workshop will cover topics including the following:
• How to Design and Develop Risk Registers
• Overview of Risk Assessment and Identification
• Risk Categorization and proper Description of Risk Event
• Severity and Impact Analysis of Risk Events
• Effective use of essential tools and dashboards – Bowties, Risk Matrix/ Risk Maps.
• Risk Prioritization and Resource Allocation
• Risk Owners, Monitoring of Mitigation Actions and Archiving
The respective venues and dates are as follows:
Accra [Golden Tulip Hotel] 6th -7th February 2019
Kumasi [Golden Tulip Hotel] 13th -14th February 2019
Takoradi [Akroma Plaza Hotel] 20th -21st February 2019
Participation Fee for the two days is GHS1,000
For Registration or further enquiries, please contact;
Telephone Numbers +233-208172420; +233-249918590