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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 report examines what countries have achieved in terms of strengthening resilience through better risk management and identifies persisting challenges.
Data analytics has the potential to be a powerful tool for organisations to use to combat fraud and other financial crimes. But many organisations are failing to effectively use data analytics for this purpose.
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.
January 22, 2015 - Compliance Week
January 22, 2015 - Wall Street Journal
January 21, 2015 - World Economic Forum
January 15, 2015 - Institute of Internal Auditors
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