PwC’s Academy workshop on implementing ERM to help organisations manage and prevent future risks

In an era where risks have become part and parcel of the business world, PwC’s Academy is assisting Sri Lankan businesses to proactively manage and prevent risks by introducing a two-day practical workshop on Implementing Enterprise Risk Management (ERM) next month. 

In the backdrop of unexpected economic collapses, cyber-attacks and political crisis which can all have a negative effect on the sustenance of a business, the workshop scheduled to be held from 21 to 22 March in Colombo will be especially important to risk management professionals, internal auditors and executives responsible to develop and enhance the company’s risk management process. 

During the two-day program, trainer Sylvia Lim will walk participants through the critical components of an effective ERM and benchmark the process against international frameworks, standards and corporate governance models, to help the participants acquire a practical approach to implement and operationalise a sustainable ERM model for their businesses. 

Lim is a specialist who consults and trains on business risk management and fraud awareness and has worked with PwC Singapore, multinational corporations as well as local companies in Hong Kong and Singapore for over a decade. Lim, has conducted various training programs on corporate governance, internal controls and anti-fraud to the directors of companies listed in Hong Kong. She is a Chartered Accountant of the Institute of Singapore Chartered Accountants, Certified Internal Auditor of the Institute of Internal Auditors and Certified Fraud Examiner of the Association of Certified Fraud Examiners 

During the practical workshop, which will also include case studies of recent governance lapses and lessons learnt as well as hands-on exercises to identify, assess and respond to strategic ERM risks, the participants will gain important knowledge on establishing a formal ERM process, learn about common challenges faced in ERM implementation in real life organisations, and also learn how to adopt key risk indicators to pre-empt emerging risks, all while effectively embedding risk awareness among all employees of a business. 

The program agenda has been developed incorporating important areas in relation to the Sri Lankan context as well, with special emphasis also given to the Sri Lanka Corporate Governance Code, to ensure participants are given a firm understanding of the local developments in relation to ERM. The ultimate aim of the two day workshop is to allow participants to effectively identify, assess, respond, report and monitor key risks facing a business and pick up techniques to manage emerging and strategic risks and acquire strategies in developing an effective risk culture for their organisations.  

To register for the Workshop on Implementing Enterprise Risk Management call 117719874 or visit https://www.pwc.lk/academy/ for more information. 

PwC’s Academy in Sri Lanka was established to help improve the knowledge, skills, competence and expertise of people in finance and business; and to help organisations in Sri Lanka as well as across the globe to grow and retain their talent. The Academy organises regular programs covering innovation, strategy, leadership, finance, HR, internal audit, cyber security and risk management. The programs in Colombo are conducted by a world class faculty comprising local and foreign subject experts.