September 30, 2008 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...
September 1, 2008 Managing Risks for Comparative Advantage: Five Steps to Better Risk Management This articles highlights a five-step process to help companies make changes to better their approach to risk management in response to the developments occurring in the corporate approach to risk...
June 1, 2008 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...
May 1, 2008 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...
May 1, 2008 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...
April 1, 2008 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...
December 1, 2007 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...
June 19, 2007 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...
June 1, 2007 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...
February 1, 2007 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...
February 1, 2007 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. ...
June 6, 2006 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...
April 1, 2006 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.
December 31, 2004 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 more...
December 31, 2004 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...
November 1, 2003 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...
May 19, 2003 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...