Introduction to Risk
- What is risk?
- Why incur risk?
- Benefit of risk-taking

Types and Sources of Risks
Identifying and categorizing risks:
o Political, legal, and regulatory
o Business risk
o Economic risk
o Financial risk
o Technology risk
o Environmental risk
o Fraud risk
o Corporate reputation risk
o Employee malfeasance risk
o Risks in international operations
o Cyber risk

Risk Management Strategy
- Risk management (conformance vs performance and ERM)
- Formulation of a risk strategy
- Identifying, measuring, and assessing risks
- Risk response strategy
- The risk cube
- Evaluating risk management strategy

Internal Controls and Risk Management
- The importance of internal control and risk management
- Elements of a sound system of internal control
- Developing an adequate control system
- Limitations of internal control systems
- Risk and control of information system

Risk Management Roles and Responsibilities
- Board of directors
- Audit committee
- Risk management group
- Internal audit

Q1 : What is risk management?
A1 : Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These risks stem from a variety of sources including financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents, and natural disasters.

Q2 : Is it necessary for me to have the basic management accounting knowledge in order to enroll in this course?
A2 : It is not necessary, but having the fundamental knowledge of management accounting would be greatly beneficial.

Q3 : Do learners need to be technologically literate to use MAF682 MOOC?
A3 : Learners need not be technologically literate as MAF682 MOOC is relatively simple and easy to use. Learners will be exposed to the right information management, develop critical thinking skills, and adhere to proper digital online learning behavior.