ANNOUNCEMENT – New Food Fraud & Enterprise Risk Management (ERM) MOOC

How much is enough? How do you know? How do you judge or defend how much (or how little) you do? This new free MOOC covers the basics and also reviews how to sync your assessments with your company-wide risk tolerance.

This is the recommended fifth course in our Food Fraud Prevention training series. It provides more in-depth details of resource-allocation decision-making based on the COSO Enterprise Risk Management system.

My first publication of the ERM concept was in my PhD Dissertation in 2009. Over the years, our research on the topic has grown, and is in three publications:

From the course description:

This advanced course in the Food Fraud Prevention training series provides an introduction to resource-allocation decision-making based on the COSO Enterprise Risk Management system. A key to efficient implementation of a food fraud prevention strategy is translating the food fraud vulnerability into the ERM assessment system. ERM or an ERM-like system is a compliance requirement in the Sarbanes-Oxley Act for US public companies (and some form of the system is usually required by all private and international companies). The content begins with an introduction to ERM and COSO and then application examples that apply directly to food fraud. Next the content provides “how to start” and “how much is enough” guidance for implementation and including case study examples. The case study examples include step-by-step “how to start” guidance.

  • Lesson1: Introduction and Application of Enterprise Risk Management & COSO
    • Summary: Lesson1 begins with an introduction to food fraud that focuses on the resource-allocation decision-making. This background helps to focus the introduction to Enterprise Risk Management (COSO). Together these provide a framework for apply ERM to food fraud prevention.
  • Lesson2: Implementation, Guidance, and Case Study Examples
    • Summary: Lesson 2 expands on the previous content to provide more detail on implementing a dynamic and iterative process that helps define “how much is enough.” This calibration of the depth and breadth of implementation starts with an initial screening which includes critical guidance on risk rankings of likelihood and consequence. Beyond just providing a step-by-step approach this lesson provides a case study to provide a real-world example. The course ends with very simple and direct “how to start” steps.

Continue your food fraud prevention education by enrolling in our new MOOC. This is helpful whether you’re finalizing your ERM/COSO requirements or just learning more about a vulnerability assessment. This is a pretty quick activity since it synthesizes the complex and key concepts into simple steps. See

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