[财务管理]03_ElitesY1_RiskMgmt_PSL.pptVIP

Elite Programme 1 2012 Summer 1 Risk Management(eAudIT 2012) What Do You Think Of? Risk Management Helps Drive Audit Quality 2 Agenda 1. Risk Management 2. How does KPMG Manage Professional Risk? 3. Consequences of Poor Risk Management 4. Risk Awareness 5. Other Considerations 6. KPMG Tools and Resources Available Agenda 1. Risk Management 2. How does KPMG Manage Professional Risk? 3. Consequences of Poor Risk Management 4. Risk Awareness 5. Other Considerations 6. KPMG Tools and Resources Available Why is Risk Management Important? Service Quality Brand Protection 5 Risk Management Considerations Highly regulated environment. Client and engagement acceptance risks. Professional judgment. Changing business environment and globalization. 6 Agenda 1. Risk Management 2. How does KPMG Manage Professional Risk? 3. Consequences of Poor Risk Management 4. Risk Awareness 5. Other Considerations 6. KPMG Tools and Resources Available How do You Manage the Risk of Illness? Zoom out – Applicable to your daily life: Showering or bathing on a regular basis. Balanced diet. Supplements and additional vitamins. Wearing appropriate clothes for weather conditions. Gym and exercise. Regular visits to healthcare professionals (doctors, dentists etc.). 8 How does KPMG Manage Professional Risk? Using established methodologies processes and automated tools. Creation and enforcement of rigorous and comprehensive policies. Consulting with others as appropriate. Professional indemnity insurance. Recruiting high quality staff. Increased training on risk management. 9 Agenda 1. Risk Management 2. How does KPMG Manage Professional Risk? 3. Consequences of Poor Risk Management 4. Risk Awareness 5. Other Considerations 6. KPMG Tools and Resources Available Poor Risk Management What are the potential consequences to an audit firm of poor risk management? 11 Consequences of Poor Risk Management… Negative impact on the KPMG brand. Damage to personal and firm’s rep