Previous Articles
Internal Audit's Role in Managing Reputation Risk - June 1, 2009
Company executives are seeing that reputational risks and corporate missteps can have more significant impacts on bottom lines and stakeholder perceptions than ever before.
As economy falters, importance of supplier risk management rises - July 21, 2009
The amount of risk involved in global supplier management appears to be increasing, according to recent surveys from AMR, Panjiva, CVM Solutions and MFG.com. Categories of risk are shifting, and overall level of risk is rising.
The future lies in risk management, but keep it simple - August 1, 2009
While risk management is back in vogue, organizations are finding benefit in keeping the process simple, such as beginning with the basics of showing people at all levels of an organization how to make decisions in a more disciplined way that takes into account a fundamental understanding of core risk factors.
Risk: Getting appetite right - May 2009
As the crisis has rumbled on, more and more chief executives have been forced to explain losses that were many times larger than they or their shareholders had expected to face. In each case, the story boils down to the same, deceptively simple, failing: banks had taken more risk than intended.
Rewriting the Textbook on Risk Oversight - September 2009
A look at emerging ideas and practices in the board's oversight of risk.
New Findings on Enterprise Risk Management - July 1, 2009
GovernanceMetrics International introduces new findings on enterprise risk management.
Progress Report: Integrating Enterprise Risk Management Analysis into Corporate Credit Ratings - July 22, 2009
So far, ERM discussions have been conducted with over 300 rated issuers and the report shares the seven questions used as the basis for these discussions. An interesting preliminary finding is that few companies have leveraged their ERM programs to identify risky opportunities that they are well-positioned to capitalize upon--most companies are focused exclusively on identifying and managing downside risks.
Understanding and Articulating Risk Appetite - July 15 , 2009
When risk appetite is properly understood and clearly defined, it becomes a powerful tool, not only for managing risk, but also for enhancing overall business performance.
FASB Adopts New Rule on Subsequent Events - May 28, 2009
The Financial Accounting Standards Board has published its final word on when companies should consider the effects of “subsequent events,” or game-changing events that occur after the balance sheet date but before financial statements for the period are published.
Enhancing IT Risk Management: An Exposure Draft - May 15, 2009
IT risk is prevalent at all levels of an organization, and many organizations have a hard time integrating the management of IT risk with all of the other business risks an organization faces.
What's Your Company's Risk Culture? - May 12, 2009
It's important for directors to understand the risk culture because it influences the decisions of management and employees, even unconsciously.
Reputation Risk Management - April 22, 2009
A 2008 survey investigated the status of reputation risk management at different companies and found that companies are aware of reputation risks but may not be sufficiently managing these risks.
Re-thinking Risk Management: Why the Mindset Matters More Than the Model - April 15, 2009
Risk models are not necessarily broken; instead they are only as good as the decisions that get made based on them.
Critical Questions Boards Should Ask Now - April 7, 2009
Directors must become more proactive in these tough times. It may even be necessary to bring in new members with restructuring experience.
More Focused, Intense Oversight Marks New Era - April/May 2009
Crisis tends to be a catalyst; crisis and uncertainty together can trigger a sea change. Dealing with this uncertainty is now a top priority—and a major challenge— for boards and audit committees.
Regulators Eye "Going Concern" Concerns - April 6, 2009
With the economic crisis deepening, auditors and their clients get testy with each other about companies' ability to survive.
IT Auditing Enters the Mainstream - April 8, 2009
A GAIN benchmarking study reveals that information systems audit planning and execution has become a core competency of most audit shops — thanks in part to technology itself.
Playing Offense in a High-Risk Environment - April 2009
"Today’s fraudster is clever and operates in an environment ripe for criminal activity. Economic unrest is making it easier for employees to find ways to set fraud in motion – and a new breed of offenders is finding cunning ways to do so."
Jonathan Marks, CPA, CFE, CFF, Executive, Crowe Horwath LLP
Campus Medical Review Boards Often Fail to Police Themselves - March 2009
Universities' efforts to tighten conflict-of-interest rules involving their medical faculty members may be overlooking a key player: their own medical review boards.
Most Employees are Privy to Wrongdoing - January 14, 2009
Although workers often have witnessed misconduct, they don’t always know how to report it.
Bad Economy Raises Fraud Risk - January 14, 2009
Executives expect accounting fraud to increase due to the economic downturn.
Credit Crisis is Top Risk - January 14, 2009
Recent studies and guidance highlight risk and audit issues arising from financial market failures.
Rethinking Risk - January 1, 2009
Companies have never been more motivated to revisit risk management, but improvements will come slowly.
Risk: Every Board's Biggest Challenge - January/February 2009
How some boards are helping management think about the unimaginable.
(see current Featured Article)
(also see January 2008 - December 2008 Articles)
Please watch this space for future articles.