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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
Argues that while there has been considerable attention on issues such as the structure of the board and its committees, there needs to be more emphasis on how well the board oversees strategy and risk, as well as the appropriate behaviors required to fulfill this task effectively.
Provides insights and recommendations for policymakers on designing regulatory systems that result in an efficient, effective and transparent management of risks.
Highlights the environmental and social issues directors need to consider, providing an understanding of the potential business implications of these issues and offers questions that directors might ask in discharging their oversight responsibilities.
This research develops a conceptual framework to understand the roles and uses of control systems in the integration of sustainability within organizational strategy.
Provides an analysis of survey results from over 600 responses from around the globe and summarizes respondents' recommendations for the next steps in this area.
Features 25 prominent business leaders provide their recommendations on what should be done to effectively improve governance (including risk management and internal control), the financial reporting process, audit, and the usefulness of business reports in the aftermath of the financial crisis of 2008. The report provides a summary of interviewees' recommendations in each area and highlights some of IFAC's related initiatives.
This document provides practical advice on how to approach the development and implementation of a risk appetite framework.
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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