Course 2016-2017 a.y.

Go to class group/s: 31

CLMG (6 credits - I sem. - OP  |  SECS-P/07) - M (6 credits - I sem. - OP  |  SECS-P/07) - IM (6 credits - I sem. - OP  |  SECS-P/07) - MM (6 credits - I sem. - OP  |  SECS-P/07) - AFC (6 credits - I sem. - OP  |  SECS-P/07) - CLEFIN-FINANCE (6 credits - I sem. - OP  |  SECS-P/07) - CLELI (6 credits - I sem. - OP  |  SECS-P/07) - ACME (6 credits - I sem. - OP  |  SECS-P/07) - DES-ESS (6 credits - I sem. - OP  |  12 credits SECS-P/07) - EMIT (6 credits - I sem. - OP  |  SECS-P/07) - GIO (6 credits - I sem. - OP  |  SECS-P/07)

Course Director:
NICOLA PECCHIARI

Course Objectives

The course major educational objective is the analysis of the risk assessment and risk management methodologies with respect to the following major professional applications:

• Business planning and performance management systems.
• Design and implementation of internal control systems, with reference to main strategic and operational risks for the effectiveness of the business, the reliability of financial reporting and the compliance with the law.
• Audit of internal controls, in the perspective of managers, controllers and auditors.

Successful completion of this course enable students to design basic Enterprise Risk Management (ERM) systems and to analyze ERM systems in complex organizations. Particular relevance is given to the analysis and discussion of case studies, in order to develop students' skills in identifying critical risks and evaluating their expected impact.

Course Content Summary

• Corporate Governance and Internal Control Systems and Risk Management Frameworks.
• Enterprise Risk Management: the COSO ERM Approach (a):
• Control Environment. 
• Objective Setting.
• Risk Appetite and Risk Tolerance.
• Strategic Risk Assessment and Business Risk Modeling.
• Early Warning Systems.
• Enterprise Risk Management: The COSO ERM Approach (b):
  • Risk measurement: qualitative and quantitative methodologies and techniques.
  • Assessment of the internal controls effectiveness.

Detailed Description of Assessment Methods

The faculty team determines student grades by using a combination of assignments and final exam.
In order to promote active participation to classes and to improve the quality of learning, students are asked to accompany their class participation with 2 group assignments. Each assignment is estimated to require on average 2-days working time and will be evaluated by instructors, thus becoming an integral part of the final individual evaluation. Each assignment is supported by written guidelines and formats prepared by instructors and uploaded on the course website. Each group will deliver the written output of the assignment to the instructor according to the guidelines received. Each group must be ready to make a brief presentation to the classroom according to a schedule defined and communicated by instructors at the beginning of the course.
The final exam (written) consists of essay questions relating to class theory sessions and case studies discussions. It lasts approximately 1 hour.
Students’ evaluation is based on:

 

• Individual written exam (open questions and short case discussion): 80%.
• Overall group assignment evaluation: 20%.

 

The written exam includes focused open questions.

"Non attending students" are those students that do not participate to all the group assignments. For these students the evaluation is only based on the written exam. The exam will include one additional question concerning two supplemental readings.

Textbooks

Slides, exercises, readings, case studies and other materials are provided during the course. Students need to refer to each specific session in the Learning Space (the course web site).

Exam textbooks & Online Articles (check availability at the Library)

Last change 13/06/2016 10:21