Risk management


Responsibilities

Ensures effective and appropriate governance, allows evaluation, monitors and implements appropriate risk identification procedures; by designing and implementing effective internal audit and control systems.

I understand and apply appropriate risk management policies, procedures, technologies and processes.


I protect the interests of stakeholders through my understanding of the purpose, role and responsibilities of the board, its committees and the directors.


I support the identification and assessment of financial and non-financial risk including emerging risks to organisations, for example environmental and sustainability risks or in times of volatility and uncertainty.


I identify and document effective controls and ensure compliance, making suggestions for improvements.


I recognise mitigation actions and monitor and report on their effectiveness.


I identify, measure and report on different risk categories in a timely manner.


I contribute to the development of risk impact reports.

Continuing professional development at ACCA

A commitment to life-long learning is a vital part of your ACCA membership; it unlocks the full potential of your career choices - and drives forward the profession.

We deliver a wide range of CPD resources tailored to different areas of expertise - and an ever-changing profession. Our, and your, commitment to quality CPD ensures you will have the most up-to-date skills to perform at the highest standard in your chosen specialism.

So, get started (or restarted) and take a look at our curated list of the most relevant CPD resources to help you develop your career in this specialism. 

units 21

Online course

Corporate finance: efficiently manage internal resources

Corporate finance is a diverse area, managers need to manage and control the sources of finance, and make capital decisions based on the required rate of return of the investors.

Learnsignal’s 21 unit corporate finance: efficiently manage internal resources track offers you the opportunity to upskill in all these areas and providing invaluable training and advice on what, when and how to prioritise each of these key tasks. At the same time you will meet your CPD requirements.

A certificate will be issued once you have completed all 21 units.

units 10.5

Online course

Risk management 10 course pack

This ten course pack from BPP focuses on the different concepts of risk for finance professionals.

Accountants are the new business partners. They are expected to provide insight and be able to spot and effectively manage risks. Be proactive and involved in decision making, identify risks and develop the forward-thinking expertise needed to be a leader. 

By completing this pack, you will gain a better understanding of: 

  • the different types of risk
  • how to identify risk
  • how to manage risk
  • risk in different scenarios.
units 4

Online course

Risk management

It is difficult, these days, to read the news and not find stories involving serious problems which have suddenly struck particular enterprises. The cause may have been external to the enterprise (such as a natural disaster like earthquakes or floods) or internal (such as a failure to comply with regulations, or issues with quality control).

Whatever the cause you are left to wonder why top management were not aware of the possibility so that they could take evasive action – or at least be in a position to react quickly and positively when the problem arose.

This course looks at the context in which the concept of risk management has developed, the sort of infrastructure and processes it requires, and the impact it has on traditional control systems. It also looks at some of the problems which have made national and international news.

This course will enable you to:

  • understand the concept of risk management
  • identify the impact risk management has on a company
  • understand the processes required for risk management to be put in place
  • develop an understanding of the bribery act and its implications
  • use recent risk management disasters to help avoid future problems
  • manage the effects of extreme events on a business.
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Find more CPD resources on ACCA Learning

How does the ACCA Qualification develop the skills required to succeed in this specialism?

From a combination of exams, ethics and experience, the ACCA Qualification will boost your employability and performance at every stage of your career journey.

Here we have listed some elements of the ACCA Qualification that will help you develop the skills and knowledge required to perform at the highest standard in this specialism.