ICWAI-CEP-Enterprise Risk Management

CPE credit 1493 views 4 replies

CMA.Devarajan Swaminathan

ACMA

1067 Points Joined January 2009

Konkan Chapter of Cost Accountants

Continuing Education Programme as per the details below:

Date : Saturday, the 25th July 2009
Time : 5.00 p.m. to 5.30 p.m. Registration CEP From 5.30 p.m.to 8.00 p.m.
Venue : 304, Kripa Chambers, Naupada Telephone Junction, Adjacent to Malhar Cinema, Naupda, Thane - 400602

Topic : Enterprise Risk Management - An Overview

Speaker : Senior Consultant from Protiviti Consulting P Ltd

The meeting is open for members of ICWAI for free participation.

Credit of 2 CEP Hours will be allowed to the participants, who are Members of ICWAI

CMAs who desire to get CEP Credit Certificate intimate at least one day before the event. They will be required to pay fees as follows:

CMA Members of Konkan Chapter: Rs.50/=; Other CMAs: Rs.150/=

FYG: Chapter Membership Fee
[1] CMAs Rs 300/= p.a.
[2] Grad Members and Students Rs.100/= p.a.

All Payments ONLY in CASH
to be made at the venue.

Kindly participate and encourage the initiatives of the Institute.

Replies (4)

CMA.Devarajan Swaminathan

ACMA

1067 Points Joined January 2009

Reminder to all CMA' s and Student CMA's to participate and gain exposure in ERM.

CMA.Devarajan Swaminathan

ACMA

1067 Points Joined January 2009

Reminder to all CMA's and Student CMA's to participate and gain exposure in ERM. Those members desirous of getting CEP are requested to confirm participation by email to cmadevarajan @ gmail.com at least one day in advance

CMA.Devarajan Swaminathan

ACMA

1067 Points Joined January 2009

Friends,

Final Reminder to all CMA's and Student CMA's to participate and gain exposure in ERM. Those members desirous of getting CEP are requested to confirm participation by email to cmadevarajan @ gmail.com at least one day in advance

CMA.Devarajan Swaminathan

ACMA

1067 Points Joined January 2009

A CEP was held at Thane on 25-07-2009.

Topic : "ERM - Enterprise Risk Management"

The Lead Resource Manager Shri Rajeev Kakkad, Senior Manager from Protiviti Consulting Private Limited.

Shri Kakkad gave insights about structuring and implementing an ERM in an enterprise. Risk appetite, risk aversion and risk assessment are key indicators to travel along an ERM Plan he emphasized.

Members participated in a lively discussion while a step by step explanation was delivered by the Lead Resource Person on the ERM.

ERM was agreed as a consciousness of the key constituents of business drivers. Activity-Risk correlation is a must and its proper mapping and visualising its dynamics will help as a decision support tool. Active constituents involve in an activity of the enterprise with the aim of risk-free sustainble growth.

Evangilising the philosophy of risk consciousness among constituents is the first step and aiming continuous process improvement would go a long-way in a sustainable growth of the enterprise.

Risk assessment has evolved over time span and a schematisation was visualised post enronby the treadway commission and establishing ERM has become more a compliance based mechanism to avert ruthlessness among business leaders, it can also be used as a fall-back mechanism in case of failures .

Those who participated benefited immensely with real life case studies on implementing ERM in an Organization.

The entire session was kept alive by the participants and the lead resource person was satisfied at the end of the session. So were also the participant.

CMA Veeraraghavan Iyengar conveyed thanks to Protiviti Consulting Private Limited on behalf of Konkan Chapter of Cost Accountants for their support in conducting a lively discussion on ERM.