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Poole College of Management
Enterprise Risk Management Initiative

Briefs and Insights

Aug 31, 2021

Assessing Risks in Third Parties

In today's dynamic global market, many third-party risks are going undetected and hidden in supplier, distributor and partner relationships. External factors including the COVID-19 pandemic and increasing attention among government regulators on corruption, sustainability and human rights, the need for companies to protect themselves against third-party threats and the resulting regulatory enforcement of illegal activity is paramount. LSEG's The Real Risks: Hidden Threats Within Third-Party Relationships, aims to provide organizations with guidance for identifying, assessing and managing third-party risk. We have summarized some of their key suggestions.

Aug 31, 2021

Mitigating Supply Chain Disruptions and Building Resilience

Global supply chains are larger and more complex than ever. At the same time disruptions that affect supply chains have grown more frequent and severe, exposing vulnerabilities. Companies and policy makers are reconsidering how to assess, analyze and mitigate risk exposure to bolster supply chain resiliency to shocks like financial crises, terrorism, extreme weather and pandemics. McKinsey Global Institute's (MGI's) report, Risk, Resiliency, and Rebalancing in Global Value Chains, explores factors leading to global supply chain risk, financial implications of shocks and guidance for building supply chain resiliency. Check out this summary of the key findings.

May 6, 2021

Highlights From Spring 2021 ERM Roundtable Summit

Gain insights from the Spring 2021 ERM Roundtable Summit, covering virtual risk workshops, managing national risks, rising compliance expectations, emerging board expectations, and key findings from the State of Risk Oversight Report.

Jan 4, 2021

Improving Management Review Controls

Mark Beasley, Alan T. Dickson Distinguished Professor of Accounting and Director of the Enterprise Risk Management Initiative in the Poole College of Management at NC State University, is the co-author (along with John Fogarty and Doug Prawitt) of a thought paper, Perspectives on Management Review Controls: Challenges and Solutions, released by the Center for Audit Quality.  This thought paper provides information and insight on issues surrounding the design, implementation, execution, and documentation of MRCs. 

Nov 2, 2020

Managing Cash Flows in an Uncertain World

The COVID-19 pandemic and global disruptions have strained cash flows for many organizations. Discover scenario planning techniques and tools to forecast and manage financial risks effectively.

Sep 24, 2020

BDO in the Boardroom Podcast Series: How Board Member Involvement Impacts Tax Risk – Nathan Goldman

Nathan Goldman, Ph.D., explores the intersection of board risk oversight and tax planning in a podcast, revealing findings from his research on governance and strategic tax practices.

Jul 7, 2020

Board Risk Oversight Associated with Lower Tax Burden

Learn how board oversight enhances corporate tax planning, reducing tax uncertainty and risks. NC State research reveals the importance of strategic board involvement in ERM efforts.

Jul 7, 2020

Getting Your Arms Around Risk Appetite

executives sometimes struggle to find ways to put their risk appetite into words so they can cascade that across the organization to business leaders who need it to make prudent business decisions. 

Jun 17, 2020

ISO’s Risk Management Framework

ISO’s Risk Management-Guidelines is a widely embraced framework for implementing ERM in any type of organization.  Issued by the International Organization for Standardization (ISO), ISO 31000:2018 provides guidelines on managing risks to help business leaders create and protect entity value through the management of risks in the context of decision making. The Framework bases the management of risks on principles, a framework, and process.

Jun 17, 2020

COSO’s ERM Framework

One of the most widely embraced ERM frameworks is COSO’s Enterprise Risk Management – Integrating with Strategy and Performance issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Originally issued by COSO as the Enterprise Risk Management – Integrated Framework in 2004, the framework was revised in 2017 to strengthen the emphasis on the integration of ERM with strategy and performance.