Seminars

Continuing Professional Education Programs
Developed and Presented by Gerard Zack

Course Descriptions   |   About Your Discussion Leader - Gerard Zack

Course Listings by Title:

See below for detailed course descriptions, registration and hotel information.

Zack, P.C. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Course Details

Applying Effective Risk Management Techniques to Improve Operations
(16 CPE hours)

This practical course is aimed at executives and managers (of all departments and functions) and outside advisors and consultants. It is not targeted towards auditors, but auditors may also find it useful in auditing and consulting with their clients.

Risks come in all shapes and sizes, but can be classified as: strategic, financial, compliance or operational. Every employee is a risk manager to some extent, and it could be said that the primary job of every department head and CEO is to manage risk — obstacles to established goals. Effective risk management is the link between a strategic plan and daily operations. It considers the questions "what could go wrong" as well as "what needs to go right in order to achieve the goals we have established." It applies an appropriately scaled framework that fits each organization, in order to ensure thoroughness and consistency.

This hands-on seminar explains and applies key concepts of risk management based on the most commonly applied frameworks (COSO ERM and ISO 31000) to improve performance and effectively accomplish the mission and objectives of nonprofit organizations. In addition to providing participants with a thorough grounding in the key theoretical concepts, extensive use of practice problems and group discussion will enable participants to apply these concepts to their own real-life situations. The course will proceed in the following manner:

Day 1:

  • Explanation of an Enterprise Risk Management model and comparison with other frameworks
  • Developing a risk management approach customized and scaled for your organization
  • Determining who should be involved in risk management
  • Determining organizational tolerance for risk
  • The relationship between strategy and risk
  • Identification of inherent organizational risks
  • Classification of risks
  • Assessing the likelihood and impact of various risks
  • Considering risk trends and velocity
  • The effect of internal controls on risk
  • Developing a risk management action plan
  • Integrating risk management into ongoing activities
  • Tools and techniques useful in applying risk management in your organization
  • Governance issues associated with risk management

Day 2:

  • Discussion of specific risks in each of the following categories:
    • Information technology
    • Human resources
    • Financial
    • Fraud (internal and external)
    • Compliance with laws, regulations and contracts
  • How a compliance and ethics program protects an organization
  • The role of internal controls in risk management
  • Relating risk management to key performance measures
  • Implementing tools for monitoring risks and performance
  • Reporting the results of risk management activities

Throughout the two days, we will utilize a variety of learning techniques, from instructor-led discussions to group and individual problem solving, group practical cases, and participant-led discussions. This will be an active seminar, one that delivers all of the theory necessary to fully understand all key concepts, but that provides for numerous opportunities to apply the theories in a practical manner, enabling participants to walk away with information that can be immediately applied in the workplace.

Learning Objectives:

  1. Identify, assess, and prioritize organizational and departmental risks
  2. Improved ability to develop risk mitigation plans for identified risks
  3. Customize and apply a framework for managing risks
  4. Understand techniques for monitoring risks in relation to performance measures
  5. Improved ability to apply key internal control concepts to risk and compliance issues
Prerequisites: Basic understanding nonprofit management functions.
Advance Preparation: None
Instructional Delivery Method: Group/Live
Course Level: Intermediate
Field of Study: Management Advisory Services

Schedule:

Contact Gerry Zack at Gerry@zackpc.com if you would like to bring this course in as a customized internal training program for your staff.



Strategic Data Analysis: A KPI and Risk Management Approach to Data and Ratio Analytics
(16 CPE hours)

Everybody has now heard the term "Big Data." But Big Data does not necessarily mean useful data.

This practical new course picks up where our risk management course leaves off, in that it explores the connections between strategic goals, the establishment of key performance indicators (KPIs), and the identification of risk indicators (including leading and lagging indicators). The seminar leads attendees through the process of establishing meaningful data points and ratios to monitor, in order to stay on track with critical goals that have been established, but also to detect risk events as early as possible, enabling quick responses.

A variety of data mining techniques will be explored, as will numerous examples of financial and nonfinancial ratios, including department-specific measures associate with sales, customer service, finance, HR, IT, shipping, research, marketing, and many other functional areas.

Finally, tools for continuously or repetitively tracking key metrics and ratios will be examined, as will the process for creating meaningful dashboards and other reporting mechanisms.

Check back later for a complete, detailed agenda.

Learning Objectives:

  1. Understand the linkages between strategic objectives, key performance measures, and risk indicators
  2. Improve your ability to assess which data and ratios are most meaningful for each functional area in your organization
  3. Learn how to develop customized measures and ratios that are useful for your organization
  4. Understand key concepts pertaining to reporting, monitoring, and creating dashboards associated with key data and ratio analyses
Prerequisites: Attendees should have 2 or more years of experience and have a basic understanding of financial and nonfinancial reporting concepts and of basic ratio analysis
Advance Preparation: None
Instructional Delivery Method: Group/Live
Course Level: Intermediate
Field of Study: Specialized Knowledge and Applications

Schedule:

Contact Gerry Zack at Gerry@zackpc.com if you would like to bring this course in as a customized internal training program for your staff.




About Your Discussion Leader — Gerard Zack

Gerry Zack is an expert in risk management, data analysis, compliance, fraud prevention and detection, investigation, and forensic accounting. Gerry is president of Zack, P.C., which specializes in providing financial, compliance, operational and fraud risk advisory services and internal audit services for entities in a wide variety of industries. He has worked with organizations of all types throughout the United States, Canada, and Europe during his 32+ years of professional experience. In addition, he served as Chief Operating and Compliance Officer for a Washington, DC based international, scientific membership organization for two years.

Gerry is the author of three books on fraud that have been published by John Wiley & Sons: Financial Statement Fraud: Strategies for Detection and Investigation (published 2013), Fair Value Accounting Fraud: New Global Risks and Detection Techniques (2009), and Fraud and Abuse in Nonprofit Organizations: A Guide to Prevention and Detection (2003).

Gerry has also written and contributed to several course manuals used by the Association of Certified Fraud Examiners (ACFE). Gerry was elected to the Board of Regents of the ACFE for a 2014-2015 term. He also serves on the faculty of the ACFE and is the 2009 recipient of the ACFE's James Baker Speaker of the Year award.

Gerry holds the following certifications:

  • Certified Public Accountant (CPA)
  • Certified Fraud Examiner (CFE)
  • Certified Internal Auditor (CIA)
  • Certificate in Risk Management Assurance (CRMA)
  • Certified Compliance and Ethics Professional (CCEP)

He earned his BSBA in Accounting from Shippensburg University in Pennsylvania and his MBA in Finance from Loyola University in Maryland.

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