Enterprise Risk Management Initiative, Poole College of Management, North Carolina State University

Providing Thought Leadership, Education and Training on the Subjects of Enterprise Risk Management

Risk Management & Audit Committees Articles

  • Improving Board Risk Oversight

    This report discusses how a person’s perceptions shape their views of risk. Because of varying views of risk, boards are prone to different interpretations of its responsibilities for risk oversight.…

    Read More

  • Improving Board Risk Oversight

    The spotlight has turned to boards and the result is boards are trying to assess how they should strengthen their own processes to enhance their effectiveness in risk oversight. While…

    Read More

  • The Audit Committee Journey: Charting Gains, Gaps, and Oversight Priorities

    This report by KPMG, LLP describes insights from audit committee members of public companies regarding audit committee priorities and processes. The data come from the 2007-2008 Public Company Audit Committee…

    Read More

  • Board-Level Risk Committees

    Traditionally, senior risk executives have managed risk at the operational level of organizations. Boards have had general oversight responsibilities for risk, with audit or finance committees taking on more specific…

    Read More

  • Standard & Poor’s Applies ERM Analysis to Ratings

    Beginning in the third quarter of 2008, Standard and Poor’s will incorporate Enterprise Risk Management (ERM) into discussions at regularly scheduled credit review meetings. The discussions of ERM will focus on the organization’s risk management culture and strategic risk management. This abstract provides a brief overview of S&P’s ERM evaluation plans.

    Read More

  • ERM: The Importance of Senior Management Buy-In and Leadership

    The Midwest Audit Committee Network met to discuss effective ways for boards and audit committees to oversee enterprise-wide risk management. The network is a group of audit committee chairs drawn…

    Read More

  • Audit Committee Oversight of Enterprise Risk Management

    The emphasis the SEC and Standard and Poor’s have placed on risk management processes has led many companies to increase the oversight responsibility for risk management placed on the board…

    Read More

  • Audit Committee Involvement in Risk Oversight

    Many boards of directors are directing executive management to embrace enterprise risk management (ERM) to develop a stronger top-down holistic view of risks affecting the enterprise. In most cases, the…

    Read More

  • Risk of Piling ERM on Audit Committee

    The recently published article by Jabulani Leffall titled, Risk of Piling ERM on the Audit Committee, provides insight on the expectations placed on some audit committees to address a company’s…

    Read More

  • ERM Progress

    Internal Auditor recently published an article titled, Moving Forward with ERM, to provide news on recent developments in ERM and the increasingly important role that chief risk officers (CROs) play…

    Read More

  • Selecting Risk Consultants

    Forrester recently published an article titled, Identifying and Selecting the Right Risk Consultant, that provides insight in making crucial decisions regarding selection of risk consultants. Just as the service needs of a company may vary, risk consultants provide service specialties that can be drastically different.

    Read More

  • Managing Reputation Risk

    Reputation is very important to most organizations, yet many companies do a poor job of managing risks to their reputation. Too often, companies focus their energy on addressing threats to their reputation that have already surfaced instead of proactively searching for potential reputation risks on the horizon.

    Read More

  • ERM Business Drivers

    Forrester recently published an article by Michael Rasmussen titled, Business Drivers for Enterprise Risk Management, detailing why companies struggle with implementing and managing a successful enterprise risk management (ERM) program. Groups such as the Open Compliance and Ethics Group and the Professional Risk Managers’ International Association have been established to provide help.

    Read More

  • Informatica’s Solution for Data Quality

    Informatica released a white paper in November 2006 to summarize data quality problems faced by financial institutions trying to maintain compliance. Large corporations have an especially hard time integrating different areas of the business to establish clean reports that are useful. Additionally, the ever-changing nature of the data make the job of maintaining quality reports more challenging.

    Read More

  • Conference Board Releases Research Report About Boards and ERM

    The Conference Board issued a July 2006 research report, “The Role of U.S. Corporate Boards in Enterprise Risk Management,” that provides insights about board of director perspectives on their role…

    Read More

  • Internal Auditing’s Role in ERM

    Internal auditors need to be actively involved in the ERM process at organizations. Seven valid or legitimate ERM-related responsibilities internal auditors can have are discussed.

    Read More

  • Survey Data: ERM Trends

    This study provides data obtained from surveys of nearly 1400 chief executive officers (CEOs) about risk trends and related expectations for effective ERM practices. With CEOs note that they are…

    Read More

  • Internal Audit’s Role:  Fraud and Reputation Risks

    Now there is more pressure than ever on executive management and internal auditors to mitigate corporate fraud and misconduct. Even though senior management most likely has direct antifraud responsibility, internal…

    Read More

  • Benefits of Managed Risks

    When companies don’t guard themselves against substantial risks, the outcome can easily produce a damaged reputation. However, risk management should not discourage growth through eliminating risks, but the reverse should take place and positive risks should be implemented. Therefore, effectively managing the many risks faced by an organization is critical to its success.

    Read More

  • Risk Gaps-Demand for ERM

    Enterprise Risk Management programs can help close the huge gap in communication among executives and business unit leaders. Senior management and the board of directors’ involvement with risk assessment plays…

    Read More

  • Page: 4 of 4 Pages ‹ First  < 2 3 4