How to conduct Risk Assessments as per ISO 31000/31010(SOX)

This Risk Assessment training will focus on the criteria established for ISO Standards 31000 and 31010. It will look at how a company can identify and manage its risks, and how effective risk management techniques can translate into better marketing and profitable opportunities for a business enterprise.

Why Should You Attend:

Every business enterprise faces risks. These risks can be operational, financial, legal, and reputational. While many risk factors may ultimately beyond the complete control of a business enterprise, every enterprise can take time to identify risks, evaluate the potential for such risk to occur, and to implement processes to minimize risk. Failure to do so can result in loss of profits, regulatory and administrative penalties, legal judgments, criminal prosecutions, adverse publicity and loss of market share. It can even lead to closure of the business and the resulting loss of jobs for its employees and officers. With the current economic situation, a company that can effectively manage its risks is much more poised to survive than a company that ignores or misunderstands the true nature of risks.

This webinar will look at various ways in which risk can be identified, quantified and managed. Understanding the reality of risks and taking proactive measures to reduce such risks can result in a more efficient business operation, enhancement of the competitive status of the business and lead to more confidence and profitably in the business operations.

Areas Covered in the Webinar:

What does Risk Management mean?

Common risk factors facing businesses.

ISO Standards 31000 and 31010.

Identifying risks that are relevant to the business concerns.

Rating risks and setting priorities.

Implementing proactive measures to reduce or minimize risk and attendant consequences.

Risk Management and its relevance to profitability and market share.

Who Will Benefit:

This webinar will provide valuable assistance to financial institutions, manufacturing enterprises, service providers, and almost any business that offers products and services to other persons or parties:

• Members of Board of Directors
• CEOs, CFOs, and other high level executives that must consider and deal with risk on behalf of a company
• Quality Assurance Managers and auditors
• Regulatory Compliance Associates and Managers
• Risk Analysts
• GRC and IT directors/Consultants involved in following areas- Audit, Compliance, Governance, Risk management, Sarbanes Oxley (SOX), Ethics, Regulatory, Legal, Governmental affairs, IT, Accounting, Finance, Reliability, Quality assurance