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Courses/Audit & Assurance/NASBA - Governmental Auditing

Enterprise Risk Management Basics for Government Auditors

Equip government auditors with core ERM knowledge to assess risk, improve controls, and drive agency success.

Created byElizabeth McDowellworkspace_premium
BeginnerUpdated May 16, 2025
Enterprise Risk Management Basics for Government Auditors

What You'll Learn

check_circleIdentify enterprise risk management basics.
check_circleExplain the Three Lines Model structure.
check_circleDescribe internal audit's ERM role.
check_circleEvaluate organizational risk maturity.
check_circleDefine risk appetite and culture.
check_circleSummarize common ERM frameworks.

About This Course

Welcome to Enterprise Risk Management Basics for Government Auditors! 

In today's complex and interconnected world, understanding and applying robust risk management principles is essential for protecting public resources and achieving organizational objectives. This course, guided by expert Elizabeth McDowell, provides government auditors with a foundational understanding of Enterprise Risk Management (ERM).

We'll begin by exploring the critical importance of risk management in the public sector, examining real-world examples that highlight the consequences of inadequate risk oversight. You will gain a clear overview of the risk management process, including identification, assessment, and response activities.

Key topics covered include:

  • Understanding the significance and benefits of adopting an enterprise-wide approach to risk management.
  • Examining the Three Lines Model and clarifying the distinct roles and responsibilities of the governing body, management, and internal audit in ERM.
  • Exploring concepts like risk appetite, tolerance, capacity, preference, and fostering a strong risk culture.
  • Assessing organizational risk maturity using established models and understanding internal audit's evolving role at different stages.
  • Briefly introducing formal risk management frameworks such as COSO, ISO, COBIT, and NIST as guides for implementation.

By the end of this course, you will be equipped with the fundamental knowledge of ERM principles and their application within a government auditing context, enabling you to better evaluate risk management processes and contribute to your organization's resilience and success.

Your Instructor

Elizabeth McDowell
Elizabeth McDowell

Audit Smarter, not Harder - with Elizabeth and Audie the Internal Otteror!

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Elizabeth McDowell, CPA, CIA has over 20 years of audit experience and is the founder of Audit Forward, an innovative internal audit consulting and training firm. Elizabeth is passionate about advancing and advocating for the internal audit profession and was recognized as one of the 2023 Internal Audit Beacons by Richard Chambers. Elizabeth makes auditing and training fun (no, really!) with the help of her mascot, Audie the Internal Otteror. Elizabeth’s most recent industry experience was at Achieve, where she was Sr. Director, Audit Strategy; prior to that, she held internal audit leadership roles at Elevations Credit Union, Fidelity Investments, and Xcel Energy after first starting her career at Ernst & Young.

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We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.