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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Following the Great Recession, regulators began requiring enhanced disclosure about risk and corporate governance. For example, SVB had a Moody’s A1 issuer rating and KPMG signed off on SVB’s bank’s audit just 14 days before it declared bankruptcy. A SOC2 audit only covers a limited subset of the product part of a company.

Banking 98
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Risk Assessments and Internal Controls

Reciprocity

One of the most versatile and widely used frameworks for internal control is the one published by COSO, the Committee of Sponsoring Organizations. COSO first published its internal control framework in 1992, followed by a modern-day overhaul in 2013. A system of internal control based on the COSO framework will have five components.

Audit 52
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How To Develop An ESG Strategy

LogisManager

Environmental, Social and Corporate Governance (ESG) criteria are a set of standards for business operations. A booklet recently published by KPMG recently stated that climate change and environmental risks are considered by global CEOs to be the number one factor. Growing concerns over climate change.

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How To Develop An ESG Strategy

LogisManager

Environmental, Social and Corporate Governance (ESG) criteria are a set of standards for business operations. A booklet recently published by KPMG recently stated that climate change and environmental risks are considered by global CEOs to be the number one factor. How To Develop An ESG Strategy In 2021 & Beyond?