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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 survey revealed that global business leaders expect finance professionals to take on a more strategic role. It also shows accountants will bring greater oversight and supervision in an increasingly global regulatory environment, and help organizations manage risk more effectively.
Sets out principles, a framework, and a process for the management of risk that are applicable to any type of organization in the public or private sector. It emphasizes the fact that the management of risk must be tailored to the specific needs and structure of the particular organization. The accompanying standard ISO/IEC 31010:2009 focuses on risk assessment concepts, processes, and the selection of risk assessment techniques.
Evaluating and Improving Governance in Organizations
January 31, 2009 - IFAC
Includes a framework-consisting of a series of fundamental principles, supporting guidance, and references-for how professional accountants can contribute to evaluating and improving governance in organizations.
Helps members of not-for-profit boards of directors understand their responsibility for the oversight of risk.
Principles to promote good governance in the entire procurement cycle, from needs assessment to contract management. Also includes a checklist for implementing an integrity framework throughout the entire public procurement cycle and provides a map of risks that can help auditors prevent, as well as detect, fraud and corruption.
Provides principles-based guidance to assist professional accountants and their organizations in developing and implementing a code of conduct in a values-based culture.
Includes 10 senior-level professional accountants in business who share their experiences and views on establishing effective internal control systems.
September 18, 2014 - ICC Commercial Crime Services
September 16, 2014 - UK Department of Business, Innovation, and Skills
August 27, 2014 - Journal of Accountancy
August 22, 2014 - Compliance Week
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