VITARA - Enterprise Risk Management (VITARA-ERM)

Source details

Executives and senior managers dealing with ERM issues in a tax administration.
Other tax administration staff involved in implementation of ERM policies, identification and prioritization of risks, and development and oversight of treatment strategies.
Executives and managers with no previous ERM experience who wish to establish ERM practice in their organization for the first time.

Provides fundamental knowledge on modern Enterprise Risk Management (ERM) good practices.
Strategic goal of ERM: understand and manage enterprise risks (including compliance, IT, HR, finance, project, and reform-related risks) in a holistic, structured, and systematic fashion.
ERM informs strategy and planning and thus improves the quality and viability of strategies and organizational performance.
ERM seeks to ensure that significant organizational risks (which can also be thought of as barriers, threats, or obstacles) are recognized.
Ensures that, where required and to the extent possible, these risks are mitigated to acceptable levels and possibly turned into opportunities.
Course includes practical ERM tools, methodologies, and templates to help participants implement learning.
Course is a joint initiative of four international organizations: Inter-American Center of Tax Administrations (CIAT), Intra-European Organisation of Tax Administrations (IOTA), International Monetary Fund (IMF), and Organisation for Economic Co-operation and Development (OECD).

Define the concept of enterprise risk management and its benefits for tax administrations.
Appreciate the strategic role of ERM.
Outline the enterprise risk management framework.
Describe the enterprise risk management process.
Determine the necessary organizational and governance arrangements needed for ERM.
Explain the role of senior leaders of a tax administration in enterprise risk management.
Identify specific issues developing countries need to address to begin their ERM journey.
Identify critical success factors of ERM.

Access to a computer with a reliable Internet connection and a Google Chrome web browser is essential.