CIA Part 1 | Unit 4: Risk Management

Note: Please let me know if I can help you in any way, especially if you're looking for live online classes or professional advice or audit and risk consulting by reaching at [e-mail].
This unit make up 10% of Part 1 of the CIA exam and are tested at the basic and proficient cognitive levels. This study unit covers two key main topic pertaining to the risk management i.e. the risk management process and framework (CSOS ERM, ISO 31000 & Turnbull).
Chapters:
0:00 Introduction
0:41 Overview
9:38 Syllabus
10:50 Risk Management Process
30:31 Risk Appetite vs. Risk Tolerance
35:38 Overview of COSO ERM Framework
1:01:36 Risk Management Framework - ISO 31000
1:10:05 Other Risk Framework
IA Complete Videos:
CIA Part 1- Complete lectures, click on this link: • Certified Internal Aud...
CIA Part 2 - Complete lecture, click on this link: • CIA Part 2 | Introduction
CIA Summary Notes:
CIA Part 1 - drive.google.com/file/d/1YQ1_...
CIA Part 2 - drive.google.com/file/d/1MNWH...
Other Videos:
Risk Based Internal Audit - • Risk Based - Annual In...
COSO ERM - • COSO ERM - Risk Manage...
COSO Integrated Framework - • COSO | Internal Contro...
ISO 31000 - • ISO 31000 - Risk Manag...
Cobit Framework - • ISO 31000 - Risk Manag...
Audit Universe - • What is Audit Universe?
Risk Universe - • What is Risk Universe?...
Risk Appetite - • Risk Appetite
Three Line of Defense - • 3 Lines of Defense (Mo...
#iia #cia #audit #internalaudit
Connect with Arif Zaman on LinkedIn: / arifz
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Last but not least, I hope for your successes and accomplishments. May Allah bless you all. Do not be hesitant to share this with others who could also find it useful.

[@SaiRam-no2kz]

Dear Sir. Thanks very much for your kind videos and appreciate all your support. I scored 594 in my last exam and would be giving it again next week. Thanks and Regards.

[@Stuployer]

All the best!

[@erroljohnrosales7544]

How was it now??

[@wendyoseni363]

This video is so helpful. Thank you very much!!

[@adetunjiademolaolufemi7265]

Thank you so much. I just want to know more about Auditing and Risk management as a whole. Thank you so so much.

[@zahermohammed1338]

Very thoughtful and interesting

[@ashanbandara2282]

Very helpful video. Thank you.

[@zamansaleem5667]

Exceptional as usual

[@abhishekshivani6505]

Thanks a lot, very much helpful

[@MrSoulmate2]

Man, you are the best.

[@agneskhwaka7000]

well explained, thank u 👏

[@subhanancy9381]

Many thanks to you sir

[@advghc1279]

Very helpful video

[@zamansaleem5667]

Awesome

[@muhammadazhar1781]

Excellent

[@redsadventures6651]

Thank you

[@manojsinha9959]

Thanks

[@zanishaha6848]

so helpful

[@Maryam8885]

Great channel thank you ally it helped me with my review.. keep it up!

[@Rachaelmoloney-zr6kg]

Hi, I'm currently studying part 1 - has the content changed since you recorded this? The textbook now refers to governance, risk management and control as one section and refers to ERM rather than risk management process? Thanks

[@MrSoulmate2]

Thank you for the video, super useful. One point here, I think you mixed up Quantitive and Qualitative. You said, Qualitative deals with numerical and Quantitive are descriptive where in fact it is the other way around. Correct me if I am wrong. 25:51

[@Stuployer]

I could have said otherwise; I don't edit and make video in one go, so I could have said the opposite.

[@MrSoulmate2]

@@Stuployer Thank you for your effort tough. Really helpful videos. Im sitting for the exam next week, wish me luck

[@seabluestone]

Can you please share the slides of presentation

[@Stuployer]

Check out the channel post for complete notes, you can down load from the provided link.

[@tahaezz2127]

Could you please explain risk profile in this unit?

[@Stuployer]

A risk profile is essentially an evaluation of a business or its subunit's (department, process etc.) capacity for accepting risk. We also evaluate a person's risk profile in order to guide in investment decisions. The entity or person typically falls under any one of three categories: conservative (do not take on too much risk), moderate, or aggressive (take too much risk in their decision making). I hope you get the point.

[@tahaezz2127]

@@Stuployer oh I got u.
And what's the difference between risk capacity and risk appetite?

[@vimalraj8619]

This is as per my knowledge.
Correct me if am wrong. 🙂
Risk Capacity is the maximum amount of risk the organisation can assume.
Risk appetite is amount and type of risk is wiling to accept in achieving its objectives..

[@adarshks1766]

can u please put a video about cash flow at risk, earnings at risk and value at risk? plzz

[@Stuployer]

Cash Flow at Risk (CFaR)tells a company how much their future money could change if things like sales or costs don't go as planned, helping them be ready for cash ups and downs.
Earnings at Risk (EaR) helps a company see how much their profits might shrink because of things like unexpected expenses or sales dropping, so they can prepare for possible profit swings.
Value at Risk (VaR) is like a warning sign for companies, showing them the most money they could lose from investments or assets if things go really wrong, helping them manage risks better.