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

Creating the "Anticipatory" Accountant

by Tom Hood, Executive Director & CEO, Maryland Institute of CPAs | January 6, 2016 |

Accountants must become more "anticipatory" if they want to be ready to tackle new opportunities in the future, says Tom Hood, Executive Director and CEO of the Maryland Association of CPAs. Read More

6 Recommended

Accountants as Partners in Crime Prevention & Reporting
by Samantha McDonough, Professional Standards Support Manager, Chartered Institute of Management Accountants | May 21, 2015 |

Samantha McDonough shares some key corruption indicators that can help accountants capitalize on their ability to spot anomalies or irregular activity through their preparation of financial information to help prevent and report crime. Read More

8 Recommended

Just Released and Right on Time: IFAC Thought Paper on Integrating Risk Management
by Vincent Tophoff, Senior Technical Manager, IFAC | May 8, 2015 |

IFAC just released a new thought paper arguing that the management of risk should be an integral part of managing an organization. Read More

3 Recommended

Management Accounting, Risk Management, and Internal Control—It’s What We Do!
by J. Stephen McNally, Finance Director and Controller, Campbell Soup Company and Vincent Tophoff, Senior Technical Manager, IFAC | May 4, 2015 |

For the third year in a row, we will be presenting on risk management and internal control at IMA's annual conference, this year in Los Angeles on June 20-24. Read More

4 Recommended

Разнообразие ресурсов для борьбы с мошенничеством в сфере финансовой отчетности
by Автор — Синди Форнелли (Cindy Fornelli), исполнительный директор Центра качества аудита | April 21, 2015 |

Мошенничество в сфере финансовой отчетности встречается относительно редко, но остается серьезной проблемой. Исследование Комитета спонсорских организаций Комиссии Тредуэя (COSO) определило, что в среднем совокупный убыток от такого рода мошеннических действий составляет порядка 12 миллионов долларов США. Read More

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