Enterprise risk management

TOPICS / MANAGEMENT ACCOUNTING

March 1, 2017

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.

January 1, 2017

The value of risk interviews as part of ERM strategy

One answer at a time, organizations can identify and address critical risks.

December 19, 2016

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.

December 1, 2016

COSO updates fraud risk management guidance

The document offers strategies for deterrence.

September 29, 2016

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.

August 1, 2016

COSO drafts updated approach to enterprise risk management

The proposal would clarify concepts introduced in 2004.

July 12, 2016

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.

July 1, 2016

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.

June 14, 2016

COSO proposes update to enterprise risk management framework

The proposal would update the definition of ERM and emphasize the link between risk and value.

May 1, 2016

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.

April 13, 2016

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.

March 22, 2016

Regulation still reigns as top risk for 2016

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.

December 7, 2015

Regulation: A moving but immovable target

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.

October 27, 2015

ASB addresses audits of ICFR integrated with financial statement audits

The AICPA Auditing Standards Board established requirements and provided guidance that apply only when an auditor is engaged to perform an audit of internal control over financial reporting that is integrated with an audit of financial statements.

September 1, 2015

Who is responsible for internal controls?

COSO white paper’s ‘three lines of defense’ can establish risk management duties.

August 27, 2015

Use a layered cybersecurity approach to protect crown jewels

Layers of defense should exist in an organization’s systems, with the most sensitive information protected by the most layers.

August 26, 2015

How internal audit can help manage 10 top technology risks

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.

August 10, 2015

Are audits of ICFR improving?

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.

July 8, 2015

Using three lines of defense to manage internal controls

A “three lines of defense” model can help organizations establish responsibility for duties under the COSO framework.

July 6, 2015

Wanted: A flexible approach to internal audit planning

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.