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The Risk Management Planning Process Logo aicpa

  Free |   AICPA |   Jan 2020 |   Specialized Knowledge and Applications |   AICPA Store
Who Will Benefit?
  • CPAs and financial planners with basic knowledge of, and interest in, personal financial planning.
Key Topics
  • The risk management process
  • Principles of risk management
  • Identification of potential loss exposures
  • Risk management techniques
  • Professional environment
  • Regulatory environment
  • Carrier environment
  • Compensation methods
Learning Objectives
  • Distinguish among the terms hazard, peril, and risk.
  • Identify the steps in the risk management process.
  • Determine when to apply the principles of risk management.
  • Recall the definition of static risk.
  • Identify the types of insurable risk.
  • Distinguish between real and personal property.

This CPE course can be purchased individually or as part of the Risk Management and Insurance Planning Certificate Program.

Do your clients have the knowledge they need to make reasoned decisions about the types and amount of insurance to purchase?

Updated for the Tax Cuts and Jobs Act, this narrated audiovisual CPE course covers important aspects of the risk management process and the professional environment. In the course, Tom Tillery helps you to educate your clients about the principles of risk and insurance.

Mirroring the personal financial planning process, this course covers the six-step risk management process as follows:

  • Establish and define the client relationship.
  • Gather pertinent client data to determine the risk exposure.
  • Process and evaluate the client's status.
  • Present financial planning recommendations.
  • Implement personal financial planning recommendations.
  • Monitor financial planning recommendations.
Topics covered:
  • Tax: Technical: Individual income taxation : Specialized issues, Intermediate
  • Personal financial planning: Technical: Risk management & insurance planning, Intermediate