Here we go! It’s the home stretch of the semester, and of your time as an undergraduate at Providence College.
First and foremost, I appreciate your feedback about our final two lessons. Apparently, tax shelters and Libor and entrepreneurship and the PC financial statements are all popular topics. Also, a final session at McPhail’s is (unsurprisingly) especially popular as well.
But the option of holding a session outdoors? Not a single person expressed any interest in it!
So let’s plan to discuss tax shelters and Libor when we meet in our customary Ryan Center room this Monday, April 24th. We’ll then shift to McPhail’s for our final session on Monday, May 1st, when we’ll discuss entrepreneurship and the PC financial statements.
As an advance reading assignment for this week, please read a Bloomberg News article about the Libor scandal. Free (and identical) versions of it are posted online by the publications Investment News and Financial Advisor, although each publication wrote a different title for the article.
In addition, please keep in mind that our quiz will cover the following COSO Enterprise Risk Management illustrations that we discussed in class last week:
Exhibit 2.5 Illustrative Risk-Related Culture Survey
Exhibit 3.1 Setting Strategic Objectives
Exhibit 3.5 Forming Risk Appetite
Exhibit 3.7 Risk Appetite, Return, and Capital at Risk
Exhibit 4.1 Identifying Events
Exhibit 4.6 Process Flow Analysis
Exhibit 4.7 Leading Risk Indicators and Escalation Triggers
Exhibit 4.10 Illustrative Event Identification Mechanisms
Exhibit 4.11 Linking Factors and Potential Events to Objectives
Exhibit 5.1 Inherent Risk Assessment
Exhibit 5.2 Inherent and Residual Risk Assessment
Exhibit 5.4 Impact Risk Ranking of Hazardous Materials Release
Exhibit 5.5 Risk Assessment for New Systems Implementation
Exhibit 5.11 Comparison of Inventory Losses
Exhibit 5.13 Heat Map
Exhibit 5.14 Risk Map of Mean Values for Likelihood and Impact
Exhibit 5.15 Risk Map Showing Variability for Likelihood and Impact
Exhibit 6.1 Illustrative Risk Responses by Response Type
Exhibit 8.2 Information Flows Within Enterprise Risk Management
Exhibit 8.11 Dashboard Reporting
Exhibit 10.1 Organizational Approaches
Finally, here are a couple of reminders. If you have not yet scheduled a time to meet with me and receive your Project 2 feedback, we still have time slots available on Thursday afternoon the 27th, Tuesday afternoon the 2nd, and Thursday afternoon the 4th. Please let me know what is convenient for you.
And please remember to bring your two PCSB graduating senior surveys to class on Monday. Our colleagues in PCSB Administration will appreciate your feedback very much!