28 Dec Final Slide includes

ACC532 Enterprise Risk Management (ERM)

Unit 1 Discussion

Overview of ERM

Enterprise Risk Management (ERM) is directly related to auditing. Describe the relationship between ERM and auditing. Why is ERM important to an organization?

In response to your peers, build upon the similarities to your responses and question any differences. Additionally, share what role you envision to be part of in the ERM process in your current professional role or the role that you are aiming for in the future.

ACC532 Enterprise Risk Management (ERM)

Unit 2 Discussion

DQ1 Whistleblower Support

Why is it important to have an established enterprise compliance hotline and whistleblower support within an organization? From your research and experience in the work place, how do you think systems like these can be designed for success?

In response to your peers, put yourself in the role of a whistleblower and discuss the design suggestions.

DQ2 Challenges with Compliance

Choose a publicly held organization that had compliance issues. Describe the organization and identify the compliance issues faced with various agencies. What actions did they take to correct the issue? How could they have done better? Why was this organization challenged with adhering to industry-required compliance rules?

In response to your peers, suggest and explore additional measures that could be used in the future to avoid the compliance challenges.

ACC532 Enterprise Risk Management (ERM)

Unit 3 Discussion

SOX Compliance and COSO ERM

The implementation of an effective ERM program should have closely coordinated efforts to establish effective SOX compliance. As an enterprise risk manager of a publicly held company, you should be aware of risks associated with SOX rules compliance and should communicate appropriate risk matters to senior management for appropriate action.

Describe and cite at least 2 examples of matters directly related to the COSO ERM framework that intersects with SOX compliance and warrant this level of reporting. What are the implications of inaction to the organization if these issues are not brought to light?

In response to your peers, discuss how well the examples warrant the level of reporting and question and explore the implications of inaction provided.

ACC532 Enterprise Risk Management (ERM)

Unit 4 Discussion

Financial Analysis

Using of a publicly held company of your choice, review the organization’s 10K and other relevant financial information then provide an analysis of their business model, strategic initiatives, and related business risks. Include links to your information sources in a reference section in your post.

In response to your peers, compare your findings from your own research with the findings of your peers and discuss any similarities and differences. Discuss any trends that you are finding in the process.

ACC532 Enterprise Risk Management (ERM)

Unit 5 Discussion

Harley Davidson 10K FYE 123117

Look up the 10K and annual reports of Harley Davidson for the fiscal year 12/31/17. Under risk factors of the 10K, read all the risks they have enumerated. Read the mission and vision of Harley Davidson. Guided by the company’s mission, rank the top 3 risks among what’s listed that must be addressed immediately. As a business professional, how might these risks be mitigated?

In response to your peers, question and build upon the risk mitigation suggestions using your findings, those presented, and any new research required to clarify and strengthen your thoughts.

ACC532 Enterprise Risk Management (ERM)

Unit 6 Discussion

Tone at the Top

The role of the Board of Directors (BOD) is different from the management. Why are they different? How do these differences affect the culture of an organization? Cite all references used to build your response.

Assume the position of either a member of the Board or of management. Explore your peers’ answers from that perspective to delve deeper into the differences.

ACC532 Enterprise Risk Management (ERM)

Unit 7 Discussion

The Future of ERM

Many things have changed over the years with ERM: how we handle it, the compliance issues, the importance of it, etc. What do you see as the future of ERM and how it will impact organizations?

In response to your peers, discuss why you agree or disagree with their vision for the future.

ACC532 Enterprise Risk Management (ERM)

Unit 8 Discussion

Career Opportunities in ERM

Present an existing career opportunity in the ERM field based on personal experience or from your own research. What is interesting about this opportunity? How does the position directly relate to the field of accounting? How does what you have learned apply? What else would you need to learn to be successful?

In response to your peers, explore the skills required for the chosen career further. What do you find interesting? What do you find challenging?

ACC532 Enterprise Risk Management (ERM)

Unit 1 Assignment SWOT Analysis

For this assignment you will prepare a SWOT Analysis of Global Computer Products, a hypothetical company that is illustrated on page 17 of your COSO Enterprise Risk ebook.

Overview:

For this assignment you will prepare a SWOT Analysis of Global Computer Products, ahypothetical company that is illustrated on page 17 of your COSO Enterprise Riskebook.

Instructions:

• Conduct a SWOT analysis based on the information provided.

• Include the top five factors in each category.

• Responses should be supported with reliable research on how the weaknessesand threats can be mitigated.

• Cite sources.

ACC532 Enterprise Risk Management (ERM)

Unit 2 Assignment – Recommendation Letter

For this assignment you will write a recommendation letter addressed to the Board of Directors of your hypothetical audit client for the formation of a compliance assessment team.

For this assignment you will write a recommendation letter addressed to the Board ofDirectors of your hypothetical audit client for the formation of a compliance assessmentteam.

Instructions

• Assume that the audit client is a publicly held organization.

• Choose what type of business they operate and their industry classification.

• Address the following:

o What are the requirements of the NYSE, SEC and credit rating agencies?

o Provide detail to justify the need for a compliance assessment team foryour audit client.

o What other compliance related requirements are important functionsrelating to governance, risk, and compliance (GRC) that the complianceassessment team will be responsible for?

o What necessary compliance recommendations would you make to youraudit client?

ACC532 Enterprise Risk Management (ERM)

Unit 3 Assignment – Risk Management Practices

Now that you understand the relationship between the COSO framework and SOX internal controls, in this assignment you will put it into practice.

Your client does not understand why all the compliance steps and processes are necessary. The organization needs your guidance to improve internal controls to be in compliance. Conduct an investigation culminating with a detailed letter to help your client understand and apply the relationship between strategies, risk, and the need for internal control.

Instructions:

• Assume that the client is a publicly held organization.

• Choose what type of business they operate and their industry classification.

• Address the following in a letter to your client:

o Indication of the type of business and industry classification.

o Explanation of the relationanship between strategies, risk, and the needfor internal controls.

o Feasible plan to move forward with implementation of a better ERMsystem.

• Cite sources

ACC532 Enterprise Risk Management (ERM)

Unit 4 Assignment – Model Comparison

ISO 31000 is another ERM framework/model that is widely used. In this assignment, you will analyze the similarities and differences between ISO 31000 and COSO ERM and explore situations where it would be appropriate to use either one or both.

Instructions:

• Compare and contrast COSO ERM from ISO 31000.

o Identify the similarities and differences between the two models.

o Provide scenarios when it is applicable to use either one or both.

ACC532 Enterprise Risk Management (ERM)

Unit 5 Group Assignment – Risk Mitigation Analysis

As a group, choose a publicly held company that suffered a major loss in the last 5 years. Working together, analyze the loss suffered and develop a formal recommendation of risk prevention measures. The group leader will facilitate the discussion and submit the final document.

Instructions:

• The group leader will act as the facilitator moderating the discussion and keepingthe group on task.

• As a group, determine who will assume the following roles:

o Recorder – summarizes the group discussions in a Word documentshared with the group.

o Reporter – finalizes the Word document to be submitted by the Leader.

• In your team discussion,

o Research then choose a company that suffered a major loss in the last 5years.

o Analyze the loss suffered.

? Could the loss have been prevented?

? If yes, what actions should have been undertaken to prevent theloss.

? If not, what precautionary measures are there available that couldhave helped the organization prepare for this loss?

o Develop a recommendation of risk prevention measures.

? From your analysis of the situation, what recommendations do youhave for this organization?

? In providing a recommendation, think of not just addressing theproblem but focus on proactive actionable policies and proceduresthat can help diagnose the symptoms, detect potential problems before they occur or early warning signs or trends that riskmanagers must pay attention to.

? Include all relevant sources.

ACC532 Enterprise Risk Management (ERM)

Unit 6 Group Assignment – Culture and Climate

For this group assignment, your group will first choose any publicly held organization.

You will then research and write a report that evaluates the corporate culture andclimate of the organization in relation to risk management. The group leader willfacilitate the discussion and submit the final document.

Instructions:

• The group leader will act as the facilitator moderating the discussion and keepingthe group on task.

• As a group, determine who will assume the following roles:

o Recorder – summarizes the group discussions in a Word documentshared with the group.

o Reporter – finalizes the Word document to be submitted by the Leader.

• In your team discussion,

o Choose a publicly held company with an interesting corporate culture,positive or negative, for example Google or Wells Fargo.

o Review the Kimbrough &Componation article in Readings andResources. Follow the guidelines provided to describe the culture andclimate of the organization from information that is publicly available. UseExhibit 2 on page 20 of this article to describe how the behaviors that youobserve are manifested.

o Evaluate the culture and climate in relation to risk management including:

? Its impact on decision-making and risk behaviors.

? The relation of corporate and employee goals to desired riskmanagement outcomes.

? Risk Responsiveness

• Everyone’s role and responsibility

• Employees as risk managers

• Protecting the organization

o Include all relevant sources

ACC532 Enterprise Risk Management (ERM)

Unit 8 Group Assignment – Proposal

Overview:

This is a culmination of your Unit 6 group project. For this final project, due in Unit 8,you will prepare two items for submission: a proposal to the Board of Directors (BOD)regarding your findings including a risk dashboard and a 10-minute presentation withaudio highlighting your recommendations to the BOD.

This document will provide the details of the first item, the written proposal and riskdashboard.

Instructions:

• The group leader will act as the facilitator moderating the discussion and keepingthe group on task.

• As a group, determine who will assume the following roles:

o Recorder – summarizes the group discussions in a Word documentshared with the group.

o Reporter – finalizes the Word document to be submitted by the Leader.

• In your team discussion,

o Use the publicly held company you chose from Unit 6.

o Provide a proposal including the following:

? Your findings based on the risk assessment you conducted.

? Your recommendations based on your risk assessment.

? Risk dashboard

o Include all relevant sources.

ACC532 Enterprise Risk Management (ERM)

Unit 8 Group Assignment – Presentation

Overview:

This is a culmination of your Unit 6 group project. For this final project, due in Unit 8,you will prepare two items for submission: a proposal to the Board of Directors (BOD)regarding your findings including a risk dashboard and a 10-minute presentation withaudio highlighting your recommendations to the BOD.

This document will provide the details of the audio presentation.

Instructions:

• The group leader will act as the facilitator moderating the discussion and keepingthe group on task. He/she will submit the final PowerPoint presentationdocument.

• As a group, determine who will assume the following roles:

o Presentation Recorder – summarizes the group discussions in a Worddocument shared with the group.

o Reporter – creates the PowerPoint document from the Presentation

Recorder’s document including audio script in the Notes section of eachslide.

o Audio Recorder – records the Notes script as audio within the PowerPointpresentation.

• In your team discussion,

o Use the publicly held company you chose from Unit 6.

o Create a PowerPoint presentation including the following:

? Title Slide includes presentation title and all members names.

? Final Slide includes all relevant sources.

? In the other slides, highlight your proposal recommendations in asimple and professional manner.

? Use appropriate visual images to engage your target audience.

? Be creative in preparing your presentation with your intendedaudience in mind.

o Record audio on each slide including the script in the Notes section ofeach slide