Deriving Value from the Updated COSO ERM Framework

Deriving Value from the Updated COSO ERM Framework

In the evolving business environment in Hong Kong, internal audit (IA) plays one of the key roles in enhancing corporate values by providing advice on business operations as well as assurance on risk and internal control systems. Vincent Leung, Protiviti Hong Kong Managing Director will discuss continuing impacts of the updated COSO ERM Framwork.

Enterprise Risk Management, or ERM, is an approach toward risks and opportunities in order to reduce an organisation's risk profile. Several factors are contributing to the demand for ERM, such as increased speed of change, growing market volatility and complexity, higher expectations from investors, greater pressure from regulators, etc. Even though organisations want more value from their ERM, they may not be sure how to reach their objectives.

Following the September 2017 release of Enterprise Risk Management — Integrating with Strategy and Performance by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) which replaces the original framework issued in 2004, it’s the right time for organisations to take a fresh look at this topic and ask if they have the right focus on ERM: Are they looking to comply and conform, or are they looking to become a more Risk‐Informed organisation?

Areas to be covered in the seminar include:

  • Challenges of organisations in implementing their ERM program;
  • Structure and elements of the updated COSO ERM Framework;
  • Key themes of the new Framework; and
  • Deriving value beyond “enterprise risk listing” activities by advancing your ERM to drive better business performance.

Event Details:

Language: Cantonese

Cost:
HKICPA member or student: HK $150
IIA/HKIAAT member or student: HK $150
Non-member: HK $330

Speaker:

Managing Director - Internal Audit & Financial Advisory Practice,
Protiviti

Vincent is a Managing Director with Protiviti Hong Kong with more than 20 years of audit and risk consulting experience. Vincent specializes in the provision of Internal Audit and other business and risk consulting services including Sarbanes-Oxley and Financial Reporting Controls Compliance, Enterprise Risk Management, Business Process Improvement and Capital Projects Consulting.

 

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Date
28 Nov 2018
Time
07:00 PM to 08:30 PM HKT
Location
Hong Kong Institute of CPAs
CPAs 27/F, Wu Chung House, 213 Queen’s Road East
Wanchai
Hong Kong Island
Hong Kong S.A.R., China
Wednesday, November 28, 2018 - 7:00pm to 8:30pm
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