To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
ERM MASTER CLASS 2026 MANDATORY TRAINING
THEME: Navigating Uncertainty Through Adaptive Enterprise Risk Management
DATE: 21st – 25th SEPTEMBER 2026
VENUE: SAROVA WOODLANDS HOTEL, NAKURU
TIME: 09.00AM-03.30PM
(This is one of the mandatory trainings for Practicing Certificate consideration)
OVERVIEW
The global business environment is experiencing unprecedented levels of uncertainty and disruption. Organizations are operating amidst economic volatility, geopolitical tensions, climate-related challenges, rapid technological advancements, evolving regulatory requirements, and increasing stakeholder expectations. These developments have fundamentally altered the risk landscape, requiring organizations to rethink how risks are identified, assessed, managed, and leveraged to create sustainable value.
The World Economic Forum’s Global Risks Report continues to highlight critical risks facing organizations including cyber insecurity, climate change, misinformation and disinformation, geopolitical conflicts, economic instability, and disruptions arising from emerging technologies. At the same time, organizations are increasingly embracing Artificial Intelligence (AI), automation, digital platforms, and data-driven business models, creating both unprecedented opportunities and new categories of risk that require effective governance and oversight.
Within Kenya and across the region, organizations continue to navigate an increasingly dynamic environment characterized by economic pressures, regulatory reforms, digital transformation initiatives, sustainability demands, cybersecurity threats, supply chain vulnerabilities, and heightened public scrutiny. These realities demand that organizations build resilience, strengthen governance, improve strategic agility, and enhance their ability to respond effectively to emerging risks and opportunities.
Consequently, Enterprise Risk Management (ERM) is no longer viewed merely as a compliance or control function. Modern ERM has evolved into a strategic management discipline that supports decision-making, drives organizational performance, protects value, enhances resilience, and enables sustainable growth. Organizations that successfully integrate risk management into strategy and operations are better positioned to anticipate disruptions, adapt to change, capitalize on opportunities, and maintain stakeholder confidence.
The ERM Master Class 2026 has been designed to equip participants with advanced knowledge, and strategic insights necessary to navigate today’s complex risk environment. Building upon traditional ERM principles, this year’s programme introduces contemporary themes including Artificial Intelligence governance, cyber resilience, climate and sustainability risks, organizational resilience, risk analytics, digital transformation, and the future role of risk professionals.
Through expert-led sessions, practical workshops, case studies, simulations, and peer learning opportunities, participants will gain practical skills and actionable insights that can be immediately applied within their organizations. The Master Class will also provide an excellent platform for networking, benchmarking, and sharing experiences with fellow professionals from diverse sectors.
The following five modules cover the key fundamental learning areas;
| DAY | MODULE | TOPICS
 |
KEY AREAS TO BE COVERED |
| DAY 1 | Foundations of Enterprise Risk Management and Strategic Risk Leadership | § Enterprise Risk Management Fundamentals
§  Strategic Risk Management §  The Evolving Risk Landscape |
1.   Key concepts and principles of Enterprise Risk Management
2.   Evolution of risk management from compliance to strategic value creation 3.   Differences between traditional risk management and Enterprise Risk Management 4.   COSO ERM Framework and ISO 31000:2018 5.   Integrating risk management into organizational strategy and performance 6.   The role of risk professionals as strategic business partners 7.   Understanding the current global and local risk landscape 8.   Regulatory and governance considerations affecting ERM 9.   Roles and responsibilities of Boards, Management and Risk Functions 10. Creating risk-informed decision-making cultures |
| DAY 2 | Risk Management Process, Risk Appetite and Performance Management | § Risk Assessment and Evaluation
§  Risk Appetite Frameworks §  Risk Reporting and Communication |
1.   The Enterprise Risk Management process
2.   Advanced risk identification methodologies 3.   Risk assessment and evaluation techniques 4.   Risk quantification and prioritization approaches 5.   Development and maintenance of risk registers (Practical Session) 6.   Risk response and treatment strategies 7.   Monitoring, reporting and communicating risk 8.   Developing effective Key Risk Indicators (KRIs) 9.   Establishing risk appetite and risk tolerance frameworks 10. Linking risk appetite to strategic objectives and performance 11.  Practical session on Board and Audit & Risk Committee reporting |
| DAY 3 | Risk Governance, Culture and Organizational Resilience | § Risk Governance and Oversight
§ Building a Risk-Aware Culture §  Organizational Resilience |
1.   Risk governance principles and best practices
2.   Corporate governance and risk oversight 3.   The Three Lines Model and emerging governance approaches 4.   Roles of Board Risk Committees and Audit & Risk Committees 5.   Risk champions and enterprise-wide accountability 6.   Building and sustaining a strong risk culture 7.   Organizational resilience frameworks 8.   Business Continuity Management (BCM) 9.   Crisis preparedness and response planning 10. Lessons from recent global and local disruptions 11.  Developing resilient and adaptive organizations |
| DAY 4 | Digital Transformation, Cyber Resilience and Emerging Technology Risks | § Artificial Intelligence and Risk Management
§  Cyber Resilience and Digital Trust §  Risk Analytics and Automation |
1.   Understanding Artificial Intelligence and its impact on risk management
2.   AI governance frameworks and responsible AI practices 3.   Identifying and managing AI-related risks 4.   Cybersecurity risk management and digital resilience 5.   Incident response and cyber crisis management 6.   Data governance, privacy and protection risks 7.   Third-party and supply chain cyber risks 8.   Risk analytics and data-driven decision making 9.   Scenario analysis, stress testing and predictive risk analytics 10. Risk automation tools and technologies (Practical Session) 11.  Providing assurance over digital and technology-related risks |
| DAY 5 | ESG, Climate Risks, Future of ERM and Professional Effectiveness | § Sustainability and Climate Risk Management
§ Future Trends in Enterprise Risk Management §  Leadership and Professional Growth |
1.   Environmental, Social and Governance (ESG) risks and opportunities
2.   Climate-related financial and operational risks 3.   Sustainability reporting and assurance considerations 4.   Managing reputational and stakeholder risks 5.   Geopolitical and macroeconomic risks 6.   Risk maturity assessment models 7.   The future of Enterprise Risk Management 8.   Future competencies for risk professionals 9.   Positioning ERM as a driver of organizational value 10. Strategic leadership and influence for risk professionals 11.  Personal resilience, wellness and professional effectiveness |
TARGET AUDIENCE:
It is open to all Risk and Internal Audit Professionals, Finance Professionals, Insurance and Banking Professionals, Board Members, Audit & Risk Committee Members, Senior Management of Organizations, CEOs and any other professionals seeking to obtain deeper knowledge in the area of ERM.
All members who would wish to practice in the future are also encouraged to enroll on the course as it provides practical skills required for effective performance of their roles in Risk Management
YOUR INVESTMENT:
This Master Class shall be provided at a cost of Kes.95,000.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS:
Members of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the Master Class.
ONLINE BOOKING:
We call on all participants to note that booking is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is MANDATORY.  This is available either online at www.icpak.com/events  or on the ICPAK Live – A smart phone-based application that is available from google store.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The Institute is registered as a trainer with the National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
PARTNERSHIP OPPORTUNITIES
The training presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. For more information or enquiries please email raphael.nguli@icpak.com.
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.
To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
