The guidance aims to help organizations strengthen their resilience as they are faced with frequent and severe ESG-related risks ranging from extreme weather to product safety recalls.
Risk management and internal control
A strong or weak commitment to addressing risks may be an indicator of management’s focus on financial reporting risks.
This article discusses some red flags experienced forensic accountants look for, and advice for ways to ferret out and prevent wrongdoing.
The employer is responsible for calculating the garnishment amount, withholding it through its payroll process, and forwarding payments to the correct agency or creditor.
Federal government entities are embracing risk management practices that can help them make better decisions and be more transparent.
COSO is focused on complex, entity-level risks.
Companies that integrate innovation and risk are more advanced in disruptive technologies and more confident in revenue projections, a survey says.
Linking enterprise risk management practices with strategy remains a challenge for companies, who say risk environment continues to grow in complexity.
By embracing new technologies and developing new skills in their own operations, internal auditors can develop a point of view on new risks and deliver value to the organization.
By developing a methodology for collaboration across all three lines of defense, internal audit can make the most of company resources and technology for risk management.
Recently issued supplemental draft guidance is designed to help organizations apply enterprise risk management (ERM) principles to environmental, social, and governance (ESG)-related risks.
The Tax Cuts and Jobs Act provides many issues for audit committee members to consider in their oversight of financial statements, external auditors and risk management.
Paul Sobel, the chief audit executive of Georgia-Pacific, replaces Bob Hirth as the chairman of the Committee of Sponsoring Organizations of the Treadway Commission.
Make effective use of the updated enterprise risk management framework from the Committee of Sponsoring Organizations of the Treadway Commission.
Scott Adair, CPA, CGMA, CFO for the Rochester-Genesee Regional Transportation Authority in New York, discusses how to be flexible when temporary changes arise.
Modern computing power, combined with software including Microsoft Excel, can produce advanced statistical models to analyze the risks of business opportunities.
The changes tie risk management with strategic planning.
Know the areas to scrutinize in an annual employee retirement plan review to reduce the risk of errors, misunderstandings, or breaches of fiduciary duty.
Communicating financial stability and strengthening policies and procedures are two areas where CPAs can help not-for-profits, according to Andrew Prather, CPA, CGMA, an audit shareholder at Clark Nuber.
This column discusses the financial impact of the fourth industrial revolution and why CPAs need to prepare for changes.