Here are seven steps small and medium-size companies can take to prevent fraud in the procurement-to-pay process.
Risk management and internal control
The AICPA has issued new TQAs about controls relevant to the audit and control activities relevant to the audit.
The framework gives an organization’s management criteria for explaining its cybersecurity risk management program and provides CPAs with guidance to be used in engagements to report on clients’ cybersecurity controls.
Top-performing companies in risk management are more likely to project revenue and profit growth, according to a PwC report that offers steps for organizations to better embed strategy into risk management practices.
Risk management initiatives must evolve as an organisation’s risk exposures change. These days, all entities are taking a harder look at how they manage risk, according to an annual survey.
Small and midsize multinational companies can use these strategies to manage the risks of volatile foreign currency exchange rates.
One answer at a time, organizations can identify and address critical risks.
Executives ranked the business environment as riskier than in previous years, but many don’t plan to devote more resources to risk management, according to a new survey.
The document offers strategies for deterrence.
Developing a transparent anti-fraud culture and conducting periodic risk assessments are important steps for organizations in deterring fraud.
The proposal would clarify concepts introduced in 2004.
Reducing negative surprises and improving resource allocation are among the benefits of integrated enterprise risk management, according to the proposed framework update by COSO.
Sell-side due diligence can help identify potential problems with finances, systems, and culture when a company is considering whether to merge, acquire, or be acquired.
The proposal would update the definition of ERM and emphasize the link between risk and value.
Risk managers are increasingly focusing on third-party risks, hoping to control new threats to performance and reputation. But trust still factors heavily.
About half of public companies have a complete enterprise risk management process, according to a new survey by the American Institute of CPAs and North Carolina State University.
Although economic uncertainty and cyberthreats are big concerns for executives and board members, a global survey shows that a different risk remains the top worry.
Compliance requirements related to the Patient Protection and Affordable Care Act, P.L. 111-148, are just one example of the regulatory changes keeping finance departments busy these days.
COSO white paper's 'three lines of defense' can establish risk management duties.
Layers of defense should exist in an organization’s systems, with the most sensitive information protected by the most layers.