Managing the risks associated with models
Accountants in all industries can play a meaningful role in the mitigation of model risk at their organizations.
Risk management and internal control
AICPA issues TQAs on internal control
Questions about AU-C Section 315 are addressed.
NFP audit committees: Getting oversight right
Whether it means taking external auditors into executive session or getting candid opinions on staff, audit committee members need to provide strong oversight to help the organization thrive and survive.
What's your fraud IQ?
How much do you know about the foundational principles of an effective fraud risk management program? Test your knowledge in this month’s 5-question quiz.
Do you really know where the money’s going?
Here are seven steps small and medium-size companies can take to prevent fraud in the procurement-to-pay process.
AICPA issues TQAs on internal control
The AICPA has issued new TQAs about controls relevant to the audit and control activities relevant to the audit.
A new cybersecurity risk management reporting framework for management and CPAs
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.
The 5 habits of top risk managers
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.
Why ‘complete ERM’ is a myth
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.
Currency turmoil, price, and profit in global markets
Small and midsize multinational companies can use these strategies to manage the risks of volatile foreign currency exchange rates.
The value of risk interviews as part of ERM strategy
One answer at a time, organizations can identify and address critical risks.
The top global risks for 2017
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.
COSO updates fraud risk management guidance
The document offers strategies for deterrence.
Fraud risk management guidance updated by COSO
Developing a transparent anti-fraud culture and conducting periodic risk assessments are important steps for organizations in deterring fraud.
COSO drafts updated approach to enterprise risk management
The proposal would clarify concepts introduced in 2004.
5 benefits of an integrated risk management program
Reducing negative surprises and improving resource allocation are among the benefits of integrated enterprise risk management, according to the proposed framework update by COSO.
4 deal roadblocks and how to steer around them
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.
COSO proposes update to enterprise risk management framework
The proposal would update the definition of ERM and emphasize the link between risk and value.
Third-party risk: How to trust your partners
Risk managers are increasingly focusing on third-party risks, hoping to control new threats to performance and reputation. But trust still factors heavily.
The gaps that remain in risk initiatives
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.
