Unless specified otherwise, each day of this Virtual Course will include a lunch break from 1:00 to 2:00 p.m. ET. 

This 1-day virtual course will provide a common framework for risk assessment and how it can be applied to current and evolving compliance risk. Attendees will learn about the different types of risk, the concept of materiality, applications, law and rules, as well as what the DFARs says about risk. Topics will include:

-- How does risk matter to me? 
-- A Risk Framework:  COSO
-- Example Application (class-led)
-- Defining U.S. Government compliance risk
-- Designing Effective Internal Controls
-- Example Application (instructor led)
-- Current and Emerging Risks in USG Compliance
-- Monitoring  of U.S. Government Compliance

WHO SHOULD ATTEND: 
 Contract professionals that work in accounting and cost functions, risk managers, compliance professionals, finance managers, finance directors, corporate counsel.

Learning Objectives: 
After completing this course, you will be able to:

• Identify and reiterate the importance of  assessing risk
• Recognize key concepts in risk assessment
• Ability to set up risk assessment thresholds
• Define and apply COSO and the five key components 
• Design an effective internal control environment as it relates to DFARs and other regulatory standards

This live virtual course is eligible for both CLE and CPE credit.
Have questions on how to participate in an FPS Virtual Course? Click here for more information.