This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Role CorporateGovernance Plays in RiskManagement Last Updated: June 4, 2024 As an auditor, compliance officer or riskmanager, you’re used to balancing the delicate processes that impact your company’s performance.
What is the Three Lines of Defense Approach to RiskManagement? The proposed standards emphasize a stronger corporategovernance and include an over-arching requirement for these banks to adopt the Three Lines Model. This includes riskmanagement, compliance, and internal control departments.
A Self-Assessment Guide Last Updated: November 12, 2024 Corporategovernance isn’t just about passing regulatory checks; it’s about showcasing your readiness and reliability to the board and beyond. Ask yourself: Do all teams understand and align with your riskmanagement policies? Are You Ready for the Board and Beyond?
Silicon Valley Bank (SVB) Failures in RiskManagement: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. Failing to implement an ERM program under these circumstances is negligence.
In what is seen as a significant shift, the Proposed Standards will move away from the reliance on state law in favor of establishing governance and oversight obligations for banks. Among the areas expected to see change within compliance management of these banks will include obligations, board composition, duties, and committee structure.
Enterprise riskmanagement (ERM) can be a challenging endeavor – but a rewarding one, too. That said, numerous barriers to effective ERM can exist within a corporate organization. To reap the full benefits, riskmanagement teams must understand what those barriers are, and the techniques you can use to overcome them.
Enterprise riskmanagement (ERM) can be a challenging endeavor – but a rewarding one, too. That said, numerous barriers to effective ERM can exist within a corporate organization. To reap the full benefits, riskmanagement teams must understand what those barriers are, and the techniques you can use to overcome them.
These frameworks offer philosophies and tangible paths forward to improve cost and resource management, measure risk, speed up customer service, and innovate analysis through predictive methods. ISACA stands for the Information Systems Audit and Control Association. What is ISACA? What are the benefits of COBIT?
Any modern organization looking to navigate today’s risk environment successfully needs both strong internal controls and ongoing internal audits. This guide aims to eliminate that confusion by explaining the meaning and importance of internal controls and internal audits. What Are Internal Audits?
Any modern organization looking to navigate today’s risk environment successfully needs both strong internal controls and ongoing internal audits. This guide aims to eliminate that confusion by explaining the meaning and importance of internal controls and internal audits. What Are Internal Audits?
What is the Three Lines of Defense Approach to RiskManagement? The proposed standards emphasize a stronger corporategovernance and include an over-arching requirement for these banks to adopt the Three Lines Model. This includes riskmanagement, compliance, and internal control departments.
If your company is a service organization and your customers trust you with their data, you may need to pass a SOC 2 (System and Organization Controls 2) audit. Compliance and certification are the goals of a SOC 2 audit. The SOC 2 compliance audit gives them that assurance. Develop a SOC 2 Audit Framework. What is SOC 2?
Boeing Airlines finds itself amidst a storm of legal challenges, grappling with a series of incidents highlighting systemic issues in its riskmanagement practices. Why is the glaring lack of records a riskmanagement problem for Boeing? What are the consequences of Boeing’s failure in riskmanagement?
Description: AuditBoard is a cloud-based GRC offering that includes a suite of risk, audit, and compliance tools. With the platform, users can conduct internal audits, managerisks, optimize workflow efficiency, maintain SOX compliance, and manage controls. Fusion RiskManagement.
A strong corporategovernance structure is an essential component of any riskmanagement program. Understanding Governance in the Modern Enterprise Corporategovernance is a broad term that refers to all the processes, policies, standards and practices your organization uses to make and implement decisions.
Internal controls and riskmanagement are not goals in and of themselves. Internal controls must always be considered when establishing and implementing corporate initiatives to achieve objectives. Internal controls must always be considered when establishing and implementing corporate initiatives to achieve objectives.
This applies especially to your Environmental, Social and CorporateGovernance (ESG) program: you may be working in accordance with ESG best practices, standards and frameworks, but you must report on your ESG activities to prove to third-party stakeholders like investors and customers that you’re doing what you’re saying you’re doing. .
Who Should Watch: Whether you’re in riskmanagement, compliance, internal audit, or operations, this session will help you build the guardrails that keep your organization running securely and effectively. This session gives you the insight and tools to create a more transparent, balanced, and resilient organization.
As organizations and businesses around the world and across industries migrate their IT to the cloud, C-suites are faced with a new dilemma for governance, riskmanagement and compliance (GRC) solutions: cloud versus on-premise software. Managingrisk, compliance, and audit processes is complex and resource intensive.
These frameworks offer philosophies and tangible paths forward to improve cost and resource management, measure risk, speed up customer service, and innovate analysis through predictive methods. ISACA stands for the Information Systems Audit and Control Association. What is ISACA? What are the benefits of COBIT?
Social criteria examine diversity, equity and inclusion, labor management, data privacy and security and community relations. Governance criteria deals with a company’s leadership, executive pay, audits, internal controls, board governance, financial performance, business ethics, intellectual property protection and shareholder rights.
2021 Gartner® Magic Quadrant for IT Vendor RiskManagement Tools in 2021 & Beyond? Environmental, Social and CorporateGovernance (ESG) criteria are a set of standards for business operations. Using Enterprise RiskManagement (ERM) software to fuel your program helps you build what we call an “ ESG Bowtie.”.
Environmental, Social and CorporateGovernance (ESG) criteria are a set of standards for business operations. These financial, operational and riskmanagement benefits are only representative of one side of the coin when it comes to the benefits of having a strong ESG strategy. Serving the Greater Good.
We organize all of the trending information in your field so you don't have to. Join 25,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content