Course 2012-2013 a.y.



Department of Accounting

Course taught in English

Go to class group/s: 31
CLMG (6 credits - I sem. - OP  |  SECS-P/09) - M (6 credits - I sem. - OP  |  SECS-P/09) - IM (6 credits - I sem. - OP  |  SECS-P/09) - MM (6 credits - I sem. - OP  |  SECS-P/09) - AFC (6 credits - I sem. - OP  |  SECS-P/09) - CLAPI (6 credits - I sem. - OP  |  SECS-P/09) - CLEFIN-FINANCE (6 credits - I sem. - OP  |  SECS-P/09) - CLELI (6 credits - I sem. - OP  |  SECS-P/09) - ACME (6 credits - I sem. - OP  |  SECS-P/09) - DES-ESS (6 credits - I sem. - OP  |  SECS-P/09) - EMIT (6 credits - I sem. - OP  |  SECS-P/09)
Course Director:

Classes: 31 (I sem.)

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 should 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

Main contents:

  • corporate governance and auditing;
  • analysis of the ERM Framework (COSO IC-IF and COSO ERM);
  • risk identification and evaluation;
  • methodologies and key roles in Business Risk Assessment and Control RiskAssessment;
  • risk evaluation in business planning;
  • guidelines for monitoring the risk management process;
  • organizational issues in risk management.

Detailed Description of Assessment Methods

The faculty team will determine student grades by using a combination of class participation and final exam.
The final exam (written) will consist of essay questions, relating to class theory sessions and case studies discussions. It will last approximately from 1.30 hours.

Class participation will be based on students' contribution to lessons and case discussions (e.g., critiques, analysis, thoughtful questions and comments). Class participation through students' active contribution to class learning is essential to enrich your learning experience. Students are expected to participate by asking relevant questions that contribute to class learning, answering questions from the instructor or other students, and providing solutions to the cases. Emphasis is on the quality of the contribution. Students are expected to read the assigned materials before coming to class.Class participation does not only mean attendance, which is assumed. Class participation means qualitative contribution to class discussion (i.e. the ability to answer the teacher’s questions, to add new dimensions to the discussion, to critically examine cases and theory topics).


Slides, exercises, readings, case studies and other materials will be provided during the course. Students will 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 03/08/2012 16:19