Friday, December 26, 2008

ERM Resources from NC State

During the last several months, I have been attending the Enterprise Risk Management (ERM) roundtables at NC State University in Raleigh. These ERM roundtables provide thought-provoking Continuing Professional Education (CPE) and networking opportunities for Governance, Risk and Compliance professionals on a regional and national level. Previous presentations are archived on the web at: http://mgt.ncsu.edu/erm/Roundtables.php

The purpose of the ERM program is multi-dimensional. They aspire to provide outreach (through the roundtables), research (through an outstanding web portal), and undergraduate and graduate education.

Speakers this fall included Jim Traut, Director of ERM at H.J. Heinz, and Drew Zavatsky, Office of Financial Management from the State of Washington, and the February roundtable will be in Charlotte NC. Steve Dreyer of Standard & Poors (S&P) will be presenting on their use and evaluation of ERM as part of S&P's ratings process.

Continuous Auditing combines more frequent risk assessment with more frequent and in-depth control assessment. Since ERM represents leading edge practices in risk assessment, we will continue to identify opportunities to link continuous controls monitoring to ERM, to provide more data-driven risk assessment.

Stay tuned for more information in 2009 about these initiatives.

Joe Oringel
Charlotte, NC
Visual Risk IQ

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