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| 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
A Treasurer’s Perspective: Trends in Risk Management: Part I
by James Lockyer, Development Director, Association of Corporate Treasurers | September 19, 2016 | 
To manage financial risk effectively, treasury and professional accountants should collaborate closely to ensure that treasury’s activity in financial markets properly supports the business’ aims. Read More
RecommendA Treasurer’s Perspective: Trends in Risk Management: Part II
by James Lockyer, Development Director, Association of Corporate Treasurers | September 19, 2016 |
Part II of the article on how treasury and professional accountants should collaborate closely to ensure that treasury’s activity in financial markets properly supports the business’ aims. Read More
New Guidance Allows Rapid Evaluation of Risk Management
by Vincent Tophoff, Senior Technical Manager, IFAC | August 17, 2016 |
New guide supports those responsible for overseeing risk management by taking a broader perspective and encouraging more integral methods. Read More
Integrating Management of Risk into Decision Making: Focusing on Risk and Control
by Vincent Tophoff, Senior Technical Manager, IFAC | July 6, 2016 |
When the IFAC Professional Accountants in Business Committee met in March, it focused a great deal on risk management, and what IFAC should focus on within this important topic. Read More
Revised COSO ERM Framework Now Open for Comments
by Vincent Tophoff, Senior Technical Manager, IFAC | June 15, 2016 |
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has issued its updated enterprise risk management framework for public comment. Read More
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Key Resources
- Internal Control-Integrated Framework
May 1, 2013 - Committee of Sponsoring Organizations of the Treadway Commission (COSO) - Evaluating and Improving Internal Control in Organizations
June 28, 2012 - IFAC - Evaluating and Improving Governance in Organizations
January 31, 2009 - IFAC - Defining and Developing an Effective Code of Conduct for Organizations
May 31, 2007 - IFAC
