Finally, thereby, many business and finance managers see the importance of having a robust risk management process for organizations. Better Compliance Risks are commonly categorized… Read More »COSO ERM: How can / should you define the success of your enterprise risk management program?
Thinking about financial risk tends to induce tunnel vision, especially in the wake of a market downturn or when you fear market uncertainty, employee relationship… Read More »COSO ERM: What possible longer-term projects should you consider?
Risk management is the process of identifying, assessing, and controlling risks arising from operational factors and making decisions that balance risk costs with mission benefits,… Read More »Compliance Management: Does the board champion and support risk management?
Objectives, which are what an entity strives to achieve and your enterprise risk management components, which represent what is needed to achieve the objectives. Furthermore,… Read More »COSO ERM: Which risk responses promote the achievement of objectives?
Compliance Management: Which risks will you seek to minimize and control, which cannot be avoided completely?
High-risk, low-benefit projects should be avoided, while low-risk, high-benefit projects would be at the top of the list, understanding risk is the first step to… Read More »Compliance Management: Which risks will you seek to minimize and control, which cannot be avoided completely?
COSO ERM: Has enterprise risk management had a positive, negative or neutral effect in your organization/industry?
While an accountant will always know quite clearly the expertise and responsibilities one or one has, a manager needs to have a much broader set… Read More »COSO ERM: Has enterprise risk management had a positive, negative or neutral effect in your organization/industry?
Understand what risk management is and the types of risk that could affect your business, you see many real risk registers every year and contents… Read More »COSO: What is the probability of economic risk occurring?
COSO ERM: Will the risks defined in the risk appetite determination relevant to the r overall level of risk?
Have risk considerations with management to determine the risk appetite and tolerance, changing business conditions, the evolving operating environment and associated risks, among other risk… Read More »COSO ERM: Will the risks defined in the risk appetite determination relevant to the r overall level of risk?
An increase in remote work can increase the risk for business email to be compromised, distributed denial-of-service (DDos) and malware and phishing attacks, vendor management… Read More »Vendor Risk Management: Are backups of business critical data done regularly (at least weekly)?
After years of speculation about the risk IoT and personal devices pose to enterprise security, research has revealed the threat is immense and probably greater… Read More »GSLC: How discoverable and identifiable are vulnerabilities?