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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
Drawing on lessons learned during the financial crisis, this publication set out best practices for banking organizations. Key areas of particular focus include: the role of the board; the qualifications and composition of the board; the importance of an independent risk management function, including a chief risk officer or equivalent; the importance of monitoring risks on an ongoing firm-wide and individual entity basis; the board's oversight of the compensation systems; and the board and senior management's understanding of the bank's operational structure and risks.
Describes how to develop a risk-based assurance strategy and program, plan an assurance engagement, report the assurance program, and design controls.
This short guide is intended to help those embarking on a risk register exercise to construct something useful, with effort commensurate with the potential benefits, in a practical and easily understood way.
Draws together a structured approach to implementing enterprise risk management (ERM) using the International Organization for Standardization risk management standard, ISO 31000.
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.
October 8, 2014 - CGMA Magazine
October 7, 2014 - Economia
October 1, 2014 - Journal of Accountancy
September 29, 2014 - Economia
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