Enterprise Risk Management 101 – March 2025

Description

$150 (per person) includes an online webinar for 2 hours of CPE credit

This 2-hour webinar covers the basic concepts of Enterprise Risk Management and important elements government auditors need to be aware of when implementing ERM across their organizations.

In today’s world of evolving technologies, governments are taking on increasing levels of risk and encountering heightened service expectations. Enterprise Risk Management (ERM) tactics can help meet these expectations by monitoring and managing risk at the proper levels.

In an environment of ‘do more, faster, with less!’, it is important for governments to manage their activities in a manner allowing them to align risk strategies with overall risk management and internal control activities. Inability to do this may put the government at risk of not meeting mandated objectives.

ERM is important to all government leaders and managers, including audit leaders. Managing risk includes addressing financial, operational and compliance risk. Standard stated benefits of ERM include:

• Increased likelihood of achieving strategic objectives
• Ability to meet increased stakeholder expectations
• Improved governance
• Increased likelihood of meeting regulatory and compliance expectations

Attendees of this webinar will have a fuller understanding of ERM, how it fits in most organizations and what audit leaders can do to ensure ERM works well and effectively while protecting their audit shops (and the organization overall) without stifling innovation.

Learning objectives:

• Identify the purpose and key definitions of ERM
• Define ways to develop a right-sized approach to ERM for your government organization
• Identify and understand risk appetite
• Recognize techniques for establishing a framework for ERM
• Identify ERM roles, responsibilities and accountabilities
• Review methods for promoting ERM Awareness

Program Level: Basic
Field of Study: Auditing (Governmental)
Who Should Attend: Government auditors and other professionals responsible for managing risk
Prerequisites: None
Advanced Preparation Required: None
Instructional Method: Webinar (Group Internet Based)
CPE Credit Hours: 2

Date: Tuesday, March 4, 2025
Time: 12:00 p.m. – 2:00 p.m. Central

Webinar Leader:

Lynn Fountain, CPA CGMA CRMA MBA

Lynn Fountain has over 40 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.

Ms. Fountain has held two Chief Audit Executive positions for international companies. She was a member of the senior leadership team for Aquila Inc. in Kansas City, MO, until the sale of the utility in 2008. Between 2008-2011 Ms. Fountain successfully executed her own consulting and training business. In 2011, she was the Chief Audit Executive for an international construction and engineering firm in Kansas City. In this role she was involved in the active investigation of a joint venture fraud. The investigation included work with the FBI and ultimately led to indictment of the perpetrators and recovery of $13M.

In 2012, Ms. Fountain returned to her consulting and training business. Along with her risk management, internal controls and financial accounting consulting work, she delivers training for the American Institute of Certified Public Accountants, Institute of Internal Auditors, Illumeo.com and multiple seminar and training groups.

Ms. Fountain is the author of two separate technical books released in 2015, The first entitled “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation and released in April 2015. Her second book “Leading the Internal Audit Function” was released in October 2015. This book serves as the initial launch for a series of leading practice internal audit and information technology publications. Her third book entitled “Ethics and the Internal Auditor’s Dilemma” was released late 2016. In addition, Ms. Fountain was the author of 11 chapters for the National Association of Accountants certified exam. She is a frequent blogger on the LinkedIn platform and has also had numerous articles published in professional and technical publications.

She has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.

Questions? You can find our FAQ here.

To see a breakdown of how many polls and minutes of attendance are required for this webinar, see this page.