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Risk Management & Internal Control
Proper risk management and internal control help organizations understand the risks they are exposed to, put controls in place to counter threats, and effectively pursue their objectives. They are therefore an important aspect of an organization’s governance, management, and operations. Professional accountants can and should play a leading role in helping their organizations achieve an integrated, organization-wide approach to risk management and internal control—which ultimately helps create, enhance, and protect stakeholder value. Read More
This comprehensive range of tools, reports, and best practices in risk and innovation provides finance professionals with guidance on meeting the balance between risk management and innovation.
Helps to raise awareness of the cyber-security risks that businesses face, and shows how they can—with expert help—begin to tackle those risks when they are raising finance, undertaking M&A, and restructuring.
A new research report by ACCA USA and Pace University, illustrates how criminal enterprises are employing "skimming" mechanisms - often using the latest technologies - to steal countless dollars from consumers.
This article stresses that a mapping exercise is one of the most important activities for any organization implementing the updated 2013 internal control framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
FSB Principles for an Effective Risk Appetite Framework
November 18, 2013 - Financial Stability Board
This guidance sets out key elements for: (i) an effective risk appetite framework, (ii) an effective risk appetite statement, (iii) risk limits, and (iv) defining the roles and responsibilities of the board of directors and senior management.
Discusses the three outcomes of NBA's most recent reserach, included in its Knowledge Sharing Program, inlcuding that risk management systems without sufficient attention paid to human factors will fail, people and behaviors make or break risk management even in companies that pay more attention to hard controls, and the risk paragraph in annual reports is often not perceived as meaningful.
Focuses on cyber security issues relevant to business managers as highlighted by external auditors.
November 19, 2014 - Committee of Sponsoring Organizations of the Treadway Commission
November 18, 2014 - Accounting Today
October 31, 2014 - Asia One Business
October 30, 2014 - Institute of Chartered Accountants in England and Wales
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