Enterprise risk management

TOPICS / MANAGEMENT ACCOUNTING

February 9, 2018

What tax reform means for audit committees

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.

February 1, 2018

Georgia-Pacific’s Sobel named COSO chairman

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.

February 1, 2018

ERM for a changing world

Make effective use of the updated enterprise risk management framework from the Committee of Sponsoring Organizations of the Treadway Commission.

November 1, 2017

Expect the unexpected: Risk assessment using Monte Carlo simulations

Modern computing power, combined with software including Microsoft Excel, can produce advanced statistical models to analyze the risks of business opportunities.

November 1, 2017

Improving internal control over segment reporting

Faithfully applying the principles of ASC Topic 280 can help financial statement preparers avoid problems in a high-risk area.

November 1, 2017

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.

November 1, 2017

How to prepare for the annual review of your employee retirement plan

Know the areas to scrutinize in an annual employee retirement plan review to reduce the risk of errors, misunderstandings, or breaches of fiduciary duty.

November 1, 2017

COSO updates ERM framework

The changes tie risk management with strategic planning.

September 25, 2017

How Industry 4.0 will change accounting

This column discusses the financial impact of the fourth industrial revolution and why CPAs need to prepare for changes.

September 6, 2017

Updated COSO ERM framework ties in risk with strategy

The update of the 2004 framework highlights the importance of enterprise-wide risk management in strategic planning.

August 14, 2017

CFOs and sustainability—a growing relationship

There are powerful reasons why corporate finance teams should be key participants in their business’s sustainability journeys.

August 1, 2017

Managing the risks associated with models

Accountants in all industries can play a meaningful role in the mitigation of model risk at their organizations.

July 1, 2017

AICPA issues TQAs on internal control

Questions about AU-C Section 315 are addressed.

June 23, 2017

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.

June 1, 2017

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.

May 1, 2017

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.

April 28, 2017

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.

April 26, 2017

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.

April 18, 2017

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.

March 14, 2017

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.

FROM THIS MONTH'S ISSUE

Flip out with the latest Tech Q&A

The September Technology Q&A column shows how to create dynamic to-do lists with Excel's checkboxes and also how to set up multifactor authentication texts that don't rely on phones. Flip through both items and view a video walkthrough in our digital format.