The Institute of Enterprise Risk Practitioners (IERP®) is the world’s first and leading certification institute for Enterprise Risk Management (ERM).

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August 2021

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At its core, strategic risk management is about examining the organisation’s strategy for any risks that may affect it, how to mitigate them and to identify and manipulate opportunities arising. In the process, strategic risk management has to look at a multitude of issues, including the firm’s current business strategy,

Operational risk deals with the uncertainties the organisation faces in its day-to-day business activities. This may include a range of happenings spanning equipment breakdown, insubordinate staff and non-compliance with internal procedures; to problems that are the result of external events, such as natural disasters; to political unrest in neighbouring countries

Risk management is generally well understood by most levels in an organisation; risk maturity is now fast catching up, particularly among the Board and senior management who understand the dynamic nature of risk. Having set in place the necessary risk management processes and procedures, they and the firm need to

The audit committee is both a hard act to establish and follow. Imagine having to go over every procedure, process and system in minute detail, looking for irregularities; reviewing findings of investigations into failures of internal controls; and constantly trying to ensure everything is operating as it should be. Whatever

Business disruptions can happen anywhere, anytime, in any location. Bad weather, interruptions in the supply chain, systems hacking, disruption to utilities, pandemics, earthquakes, volcanic eruptions or even political events beyond the organisation’s control – all these are major disrupters of business. They cannot be predicted but businesses have to be

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