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VITARA-ERM

VITARA Enterprise Risk Management (VITARA-ERM)

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Session No.: OL 24.05

Location: Course conducted online

Date: April 29, 2024 - May 20, 2024 (3 weeks)

Delivery Method: Online Training

Primary Language: English

    Target Audience

    The module is relevant for executives and senior managers dealing with ERM issues in a tax administration. The module is also important for other tax administration staff involved in the implementation of tax administration's ERM policies, identification and prioritization of risks and development and oversight of treatment strategies. Also supports executives and managers who have no previous experience in ERM and wish to establish ERM practice in their organization for the first time.

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    Qualifications

    Access to a computer with a reliable Internet connection and a Google Chrome web browser is essential.

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    Course Description

    This short, self-paced course provides fundamental knowledge on modern Enterprise Risk Management (ERM) good practices. The strategic goal of ERM is to understand and manage enterprise risks (including compliance, IT, HR, finance, project, and reform-related risks) in a holistic, structured, and systematic fashion. ERM informs strategy and planning and thus improve the quality and viability of strategies and organizational performance. ERM seeks to ensure that significant organizational risks (which can also be thought of as barriers, threats, or obstacles) are recognized. It also ensures that where required, and to the extent possible, these risks are mitigated to acceptable levels and possibly turned into opportunities.

    The course includes many practical ERM tools, methodologies, and templates that help participants implement what they learned.This course is a joint initiative of four international organizations: Inter-American Center of Tax Administrations (CIAT), Intra-European Organisation of Tax Administrations (IOTA), International Monetary Fund (IMF), and Organisation for Economic Co-operation and Development (OECD).

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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Define the concept of enterprise risk management and its benefits for tax administrations. 
    • Appreciate the strategic role of ERM.
    • Outline the enterprise risk management framework.
    • Describe the enterprise risk management process.
    • Determine the necessary organizational and governance arrangements needed for ERM.
    • Explain the role of senior leaders of a tax administration in enterprise risk management.
    • Identify specific issues developing countries need to address to begin their ERM journey.
    • Identify critical success factors of ERM.
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