|Global Knowledge Gateway||
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
Principle 11 in the newly updated internal control framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) provides guidelines for assessing the effectiveness of controls over IT
This eleventh version of the Excellence in Risk Management Survey shows that senior leaders in their organizations are paying more attention than ever to risk and that risk management is increasingly treated as a key strategic function in organizations.
Cybercrime is on the rise, and accountants are in a position to help their clients take steps to prevent it. In a panel discussion at Pace University, co-sponsored by the Association of Chartered Certified Accountants, academics, law enforcement officials and security experts discussed the growing threat. Vincent Tophoff, Senior Technical Manager at the International Federation of Accountants, discussed the need for risk management and how easy it is for the “good guys” to turn into the “bad guys” and how important it is to turn them back into “good guys.”
Highlight several of the common pitfalls to effective risk management and internal control that many organizations experience and defines and discusses current thinking on risk management and internal control.
Analyses the corporate governance framework and practices relating to corporate risk management, in the private sector and in state-owned enterprises.
Argues that implementation of (risk management ) standards can have great value in the context of disaster risk reduction. Standards are important tools for resilience and crisis preparedness, and increase the effectiveness and efficiency of both regulators and economic operators. They facilitate the adoption of risk management methodologies and provide a common language and sound metrics, allowing for comparisons across different areas of regulation and across different geographical locations, and for measuring progress towards agreed goals
December 16, 2014 - Compliance Week
December 9, 2014 - In the Black
November 21, 2014 - Reuters
November 18, 2014 - Accounting Today
Topic Subcategories Types of Resources Sources
Discover More Resources
Types of Resources
Suggest a Resource, News Item, Event, or Discussion Topic