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 use my knowledge of governance to promote and protect the rights of stakeholders.


I identify potential weaknesses and deficiencies in governance structures, controls and reporting and I recommend improvements.


I understand the risks to the organisation and its activities and use that knowledge to identify risk, assess risk appetite and complete risk impact assessments.


I take an integrated approach to risk management, recognising the dynamic and varying nature of risk, including technological, environmental and sustainability risks in different organisations and sectors. 


I apply appropriate, innovative risk management techniques to manage risk and reduce its negative impact on the organisation from the economic and wider aspects of sustainability.


I ensure the organisation's risk management processes are working effectively and raise any concerns.


I compile risk impact reports for organisations.

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 4

Online course

Forensic accounting

The role of the forensic accountant will seem familiar to finance professionals, but it demands skills way beyond technical finance skills. Forensic accountants' day to day work involves fraud investigations, damages assessments, valuations of businesses or curious entities and frequently involves legal proceedings. The forensic accountant could spend a week as the expert witness in a matrimonial dispute involving millions of pounds of marital assets, before spending the next valuing a football club.

This course allows you to work through activities, share your learning with peers, and get the knowledge and skills that will enable you to operate in the world of the forensic accountant. You’ll be able to identify misconduct and fraud as well as understand how to conduct fraud investigations and non-fraud work.

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units 4

Online course

Internal auditing: a risk based approach

Internal audits play a crucial role in managing an organisation's risks and mitigating these to avoid disastrous consequences. But what makes an effective internal audit function and how can you make this work in your organisation?

In this course you will discover the key principles and standards associated with internal audits, along with how to identify and act on fraud. Learn about how to plan, execute, and report on internal audit assignments and the key factors to consider at each stage.

This course will enable you to:

  • identify the key elements of internal audit and the associated standards
  • plan and execute an internal audit assignment and design an audit programme
  • understand the responsibilities of the internal auditor with regards to fraud and how to identify fraud
  • report on an internal audit assignment and the key factors to consider when sharing these.
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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.