Master the transition from risk assessment to strategic action with advanced control and mitigation techniques. Learn to drive organizational resilience through integrated decision-making.
This serves as part two within our series of Leading Risk Management Practices in a Dynamic Risk Environment.
Effective risk management now requires a dynamic, forward-looking approach that is tightly integrated with strategy, decision-making, and organizational culture.
Session one explored how leaders can elevate risk management from a compliance-driven exercise to a strategic capability that enhances resilience and performance. Participants examined how to establish clear risk governance and appetite, implement continuous risk sensing, and prioritize risks based on impact, velocity, and interconnectedness.
This session goes deeper into the process of risk management and risk assessment. This session also includes a case scenario for evaluating risk management risks.
By the end of this course, you will be able to:
To ensure these concepts are practical and applicable, the course concludes with a comprehensive case scenario involving "Midwest Precision Components." This real-world example demonstrates how to map specific risks—such as supply chain disruptions and cyber threats—to a risk matrix, calculate inherent versus residual risk, and determine appropriate ownership. Whether you are an internal auditor, a risk officer, or an operational leader, this course provides the insights needed to elevate risk discussions in executive forums and drive risk-informed decision-making.
Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 24 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. In 2011, as the Chief Audit Executive for an international construction/ engineering firm, 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. Ms. Fountain is currently engaged in her own training and consulting business and is a regular trainer for the AICPA. Ms. Fountain is the author of three separate technical books. “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation. -“Leading The Internal Audit Function” and -“Ethics and The Internal Auditor Political Dilemma” were published by Taylor & Francis In addition Ms. Fountain was a contributing author to the certification program exam for the National Association of Accountants. She also has certificate programs on various on-line platforms. Ms. Fountain 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 CGMA, CRMA credentials and CPA certificate (non-active).
