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Risk Management
Our program on
Risk Management gives an introduction into the leading models and principles of risk management. Citing concrete examples
in the context of the current crisis, it demonstrates the benefits of effective risk management on firms, as well as the costly
perils of risk management deficiencies. It is specifically tailored to the emerging roles of accountants and auditors in risk
management with reference to legislative mandates. As such, the program highlights most recent issues and trends, and examines
the impact on current and proposed International Financial Reporting Standards on these issues.
We are presenting
this program jointly with Cygni Nova Caribbean Limited, independent risk management consultants with established partnerships
in finance, accounting, actuarial science, and insurance. The firm's Principal Consultant, Alvarez N. Mendez is a former
supervisor of financial institutions, financial consultant and director of a leading insurance brokerage firm. He has a proven
track record in risk management, regulation and private-sector delivery of financial services which brings to bear a relevant
and practical perspective on the program. Cygni-Nova Caribbean Limited is presently conducting risk management and governance
training, in collaboration with one of the region's leading actuarial firms, to the Board of Trustees of the pension
fund of a major Caribbean financial corporation.
Detailed Agenda 8.00 a.m – 8.45 a.m. Risk
Management Overview - Risk Management Principles
- Risk Identification, Assessment, Monitoring and Mitigation
- Independent Review of Risk Management Systems
| 12.15 p.m. – 1.15 p.m.
LUNCH | 8.45 a.m. – 9.45 a.m. Risk Management – Leading Models - Canadian
Model
- U.S Model
- Central Bank of Trinidad & Tobago – A Hybrid
- COSO
- Enterprise Risk Management (ERM)
| 1.15
p.m. – 2.15 p.m. Issues and Emerging Trends – How
They Impact on Businesses - Mergers and Acquisitions
- New Financial Instruments
- Technological Advances
- Traditional vs Non-traditional Risks
- More Robust Legislation/Regulation
- Greater Demand For Effective Risk Management and Governance
| 9.45 a.m. – 10.30 a.m. Legislative/Regulatory Framework – Requirements and Impact - Companies Act
- Financial
Institutions Act
- Insurance Act
- Pensions Act (Proposed)
- Securities Industry Act
| 2.15 p.m. – 2.45 p.m. Corporate Governance and Corporate Ethics · Leading models o OECD o World Bank / IFC o Central
bank of T&T | 10.30 a.m. – 10.45 a.m.
BREAK | 2.45 p.m. – 3.00 p.m. BREAK | 10.45 a.m. – 11.45 a.m. Accountants and Auditors In Risk Management - Roles and Responsibilities
- Accounting Standards
- Disclosure and Transparency
- Internal
Controls
- Conflicts of Interest
- Audit Quality
| 3.00 p.m. – 3.30 p.m. Compliance – Regulatory Burden or Strategic Imperative - Cost vs Benefits
- Global
Financial Crisis – Risk Management (In)action
- Enhancing
The Compliance Function
| 11.45
a.m. – 12.15 p.m. Case Study #1 | 3.30 p.m. – 4.15 p.m. · Case Study #2 · Questions and
Answers |
The Workshop, which costs TT$1,500 plus VAT per person, inclusive of handouts and refreshments, will take
place on March 9th at the Marriott hotel in Port of Spain and again on March 10th at the Royal Hotel in San Fernando. It runs
from 8:00 am to 4:15 pm and is eligible for seven (7) CPD hours.
To register, either use the online form below,
or email to us a completed copy of the form which you received by email.
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