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

Internal Control-Integrated Framework
May 1, 2013 - Committee of Sponsoring Organizations of the Treadway Commission (COSO)

Assists management, boards of directors, external stakeholders, and others interacting with the entity by providing both understanding of what constitutes a system of internal control and insight into when internal control is being applied effectively.

risk management; internal control; Framework

8 Recommended
Evaluating and Improving Internal Control in Organizations
June 28, 2012 - IFAC

Highlights areas where the practical application of existing internal control standards and frameworks often fail in many organizations and assists professional accountants in business to continuously evaluate and improve internal control, and ensure that it is integrated into governance and risk management.

internal control; Guidance

7 Recommended
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.

risk management; internal control; Document

Recommend
Defining and Developing an Effective Code of Conduct for Organizations
May 31, 2007 - IFAC

Provides principles-based guidance to assist professional accountants and their organizations in developing and implementing a code of conduct in a values-based culture.

internal control; Guidance

2 Recommended
Top Five Cyber Risks for Small Businesses
September 27, 2016 - Institute of Chartered Accountants in England and Wales

ICAEW highlights the current top five cyber threats that you should be aware of if your are a small business owner.

Report

Recommend
Innovation and ERM: Partners in Managing Waves of Disruption
September 19, 2016 - Association of Chartered Certified Accountants, Institute of Management Accountants

This report highlights key ways that enterprise risk management (ERM) can be successfully tied to strategy and innovation.

Report

Recommend
6 Practical Tips to Keep Your Accounting Firm's Data Secure
September 15, 2016 - Host Review

Accounting firms now also have to undertake the responsibility of managing not only their own data but also the data of their clients and customers with the help of Cloud hosted services.

cybersecurity; risk management; Article

Recommend