This document discusses complex derivatives instruments and risk management tools. It defines derivatives with non-linear or path dependent payoffs, and lists exotic options, credit default swaps, and collateralized debt obligations as examples. It also discusses the COSO framework for risk management and enterprise risk management. Tools for risk management mentioned include value-at-risk calculations, historical scenario analysis, Monte Carlo simulations, and stress testing. The document notes that auditors, regulators, and others should care about these topics. It concludes by thanking the reader.