Enterprise Risk Management Sustainability

AY2024/2025 Semester 2

To sustain value, key executives and managers in corporations today recognize the need for active engagement in setting objectives and overseeing programs associated with Enterprise Risk Management (ERM). The course starts with an overview of risks that can threaten the attainment of organizational objectives, and the ERM concepts, frameworks and techniques for identifying, assessing and managing risks. Both the internal and external auditors increasingly need to understand ERM to properly appreciate key risks, controls and governance issues of the companies they audit. The later part of the course extends the knowledge and techniques covered ERM by examining the longer-term risks, opportunities and enterprise value creation through Enterprise Sustainability. Enterprise sustainability creates long-term value beyond financial success by making a positive impact socially as well as environmentally. As climate change and global warming pose an existential threat to humanity and affect all industry sectors, there is an urgent need for businesses to monitor and seek innovative green solutions to reduce their carbon footprints and to deliver on their targeted net-zero goals. Students will learn key concepts and apply widely-adopted methodologies of carbon management, sustainability reporting and assurance. Students will also be exposed to hands-on data analytics and data-mining application in the areas of business and fraud risk assessments and audit analytics