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Tuesday, October 18, 2022 Live Webcast

Linking Risk Management to Strategy (X3-3714176)

9:00 AM - 10:30 AM EDT
webcast

Vendor Platform

1.5 CPE Credits in MT

OVERVIEW

Linking Risk Management to Strategy and Strategic Planning –integrating risk management into your strategic planning is essential for its success. However, as showed by the included surveys, only about 20% of companies have integrated their ERM activities into strategic planning. The material provides several surveys identifying top risks as described by executives. The uneven impact of Black Swan events (9/11, Great Recession and Covid-19)among industries and companies within industries is discussed. For example, in retail bricks and mortar firms suffered lost business, as companies with a strong e-commerce base grew during Covid-19. The changed role of financial professionals to help bring about a better understanding of the organization’s business model, as a means to add significant value is part of the over all discussion. The use of the Balanced Scorecard as a tool to reduce the number of measurements and focus on key metrics (KPIs) is demonstrated. By cascading linked measurements throughout the company risk management and overall strategy become part of every activity. Other techniques such as strategy mapping areused in the discussion and in exercises. An executive summary of The State ofRisk Oversight (2018), co-sponsored by AICPA and North Carolina StateUniversity, is included to aid the participants as they implement the processof linking ERM activities with strategic planning efforts.

DESIGNED FOR

Practitioners of any level who play a risk management role

BENEFITS

*Recognize the importance of linking risk to strategic planning  

*Identify the strategies to handle risks 

*Recognize the expanding role of finance 

*Recall how to incorporate risk management into strategic planning

COURSE LEVEL

Intermediate

PREREQUISITES

Familiarity with enterprise risk management concepts and best practices.

ADVANCE PREPARATION

None

INSTRUCTOR

Bruce Shepard

Bruce Shepard, CPA

AICPA

Bruce Shepard, CPA Las Vegas, Nevada Bruce Shepard was most recently an assistant professor of accounting at George Fox University and an adjunct professor of accounting at the University of Oregon, prior to becoming an instructor for the AICPA in 2012. From 2006-2010, Mr. Shepard was the Chief Financial Officer of Las Vegas Gaming, Inc. in Las Vegas, Nevada, where he had full management responsibility for all financial affairs, daily business operations, administration and human resources. From 1985-2006, Mr. Shepard was in charge of the Middle Market Practice for PricewaterhouseCoopers, LLP in Portland, Oregon, where he served as an Assurance Partner from 1989-2006 focusing on providing proactive business advisory services to fast-growing companies. Bruce has many years of trusted business advisor experience around Portland, Oregon where he practiced for 33 years. In addition, Bruce has taught all of the accounting and auditing classes, fraud and forensics, pension auditing, SAARS, COSO, and governmental accounting and auditing classes for the AICPA for the last six years including being the lead instructor on GASB 68. Presently, Bruce is the author of the AICPA course, Audits of Banks and Other Financial Institutions.

At PricewaterhouseCoopers, LLP, Mr. Shepard spearheaded over 100 acquisitions and divestitures by leading in the financial structuring of the transactions. He worked with clients to develop strategic plans for short-term and long-term growth. He assisted both start-up companies and beyond start-up companies with attaining their needed growth capital. Mr. Shepard wrote an article, Financing Entrepreneurs, in 1999 for the Oregon Society of Certified Public Accountants. Mr. Shepard was awarded “Beta Alpha Psi Professional of the Year” in 2006 for sustained involvement with the University of Oregon. Bruce has received the 2017 AICPA Outstanding Discussion Leader Award for her practical approach, enthusiasm, and lively seminars.

PRICING

$87.00 - Member

$109.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

AICPA/NJCPA