Although blockchain technology creates new risks, organizations also can use it to improve risk management and create better controls.
Risk management and internal control
The Institute of Internal Auditors issued a major update to the Three Lines of Defense model that has been popular in risk management and governance processes for years.
A lawyer with years of experience advising companies on crisis management shares current and future legal risks organizations should be considering.
The Committee of Sponsoring Organizations of the Treadway Commission has published new guidance on risk appetite and its critical links with strategy and decision-making.
The fast-moving, global reach of the coronavirus has illustrated that a forward-looking approach to risk management is more important than ever.
The sudden onset of the coronavirus is testing many companies’ financial stability and emergency preparedness. But financial executives tend to believe their businesses are positioned to weather the storm.
Business leaders should be proactive in putting emergency plans in place in response to the spread of coronavirus. Here’s a checklist for organizations related to employees, customers, and vendors.
Unforeseen, fast-moving risks call for new models of risk management.
U.S. businesses can use a number of strategies to soften the impact of tariffs on their operations.
Failing to plan can have serious consequences for companies and firms that don’t prepare carefully for disaster recovery and business continuity.
Risk functions benefit from connections to digital initiatives.
Major trends emerge in 10 years of surveys.
Jennifer H. Elder, CPA/CFF, CGMA, co-author of the book "Faster Disaster Recovery: The Business Owner’s Guide to Developing a Business Continuity Plan," discusses how to prepare so that an organization’s finances and reputation will be protected if a disaster occurs.
One theme that has emerged from 10 years of survey data on risk management: It’s not getting any easier.
Risk functions that are up to speed with organizations’ digital initiatives are better able to manage risks in a transformative time.
Integrating risk management and financial planning and analysis can offer new insights that could affect business projections.
The document addresses risks from extreme weather to product safety.
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.
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.