Lecture 8: Risk Management and Internal Control

Business & Economics - Lecture 8: Risk Management and Internal Control - 16 slides

Explore Lecture 8: Risk Management and Internal Control, covering Lecture 8 of the ACCA course focuses on the critical role of risk management and internal control systems within.

Topics Covered

  • Introduction to Risk Management and Internal Control
  • Importance of Risk Management in Organizations
  • Understanding Internal Control Systems
  • Key Components of Internal Control
  • Risk Analysis Techniques
  • Case Study: Internal Control Failures
  • Real-World Applications of Risk Management
  • Impact of Globalization on Risk Management
  • Risk Management in Different Industries
  • Risk Management Framework Overview
  • ISO 31000: Principles and Guidelines
  • Designing Effective Internal Control Systems
  • Monitoring and Reviewing Internal Controls
  • Best Practices for Internal Control Systems
  • Evaluating the Effectiveness of Internal Controls
  • Continuous Improvement in Risk Management

References

  • COSO (2017) Enterprise Risk Management—Integrating with Strategy and Performance.
  • Institute of Internal Auditors (2020) International Standards for the Professional Practice of Internal Auditing.
  • ISO (2018) ISO 31000:2018 Risk management — Guidelines.
  • Hillson, D. (2004) Effective Opportunity Management for Projects. New York: CRC Press.
  • COSO (2013) Internal Control—Integrated Framework.
  • Pickett, K.H.S. (2022) The Essential Guide to Internal Auditing. 3rd edn. Wiley.
  • COSO (2013), Internal Control—Integrated Framework.
  • Hayes, R. et al. (2005) Principles of Auditing. Pearson Education.
  • Healy, P.M. and Palepu, K.G. (2003) 'The fall of Enron'. Journal of Economic Perspectives, 17(2), pp. 3-26.
  • Hull, J. (2018) Risk Management and Financial Institutions. 5th Edn. John Wiley & Sons.
  • Manuj, I. and Mentzer, J.T. (2008) 'Global Supply Chain Risk Management Strategies'. International Journal of Physical Distribution & Logistics Management.
  • Hopkin, P. (2018) Fundamentals of Risk Management. 5th edn. London: Kogan Page.
  • ACCA (2021) 'Risk Management in Industries'. Professional Insights.
  • ISO (2018) 'ISO 27001: Data Security Protocols'.
  • Mintz, S. and Morris, R. (2017) Ethical Obligations and Decision Making in Accounting. New York: McGraw Hill.
  • COSO (2017) Enterprise Risk Management - Integrating with Strategy and Performance.
  • International Organization for Standardization (2018). Risk management guidelines, ISO 31000:2018.
  • COSO (2013) Internal Control — Integrated Framework.
  • Learn Continuous Improvement (2023).
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