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.
Risk management and internal control
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.
Internal auditors can play a pivotal role in managing technology risks ranging from cybersecurity to social media. The risks are ranked in a new report that shows how internal audit can help manage them.
Audits of the complex area of internal control over financial reporting (ICFR) may be improving, Jeanette Franzel, a member of the Public Company Accounting Oversight Board, said in a speech.
A “three lines of defense” model can help organizations establish responsibility for duties under the COSO framework.
Internal auditors may need to change their approach to audit planning to keep up with unexpected and fast-paced changes in risks, a new global survey shows.