5 Ways to Address New Challenges in Risk Management
The recent financial crisis and new regulations implemented by the U.S. government are causing a major increase in the risk and costs of the compliance process. This article presents a series of approaches that may be used to deal with the new risks.
Aligning the Internal Audit Function with Strategic Objective
This text attempts to explain why the internal audit function should be consistent with the company’s strategy and how this can help achieve company goals through effective risk management.
Apprendre à cerner l'incertitude
This article in French explains how to manage corporate risk and the principles that have inspired it. It also looks at the theoretical foundations of this management practice and their impact on our understanding of how individuals behave.
Breaking Down Risk
What is risk? What is behind this concept and how do you measure it? This article tries to answer these questions with imaginative examples.
Building Potential Catastrophe Management into a Strategic Risk Framework
This article discusses the importance of building the risks of natural and other disasters into the strategic risk management framework.
Calculated Risk: The End of the World as We’ve Known it – Not!
The recent financial crisis and new regulations implemented by the U.S. government are causing a major increase in the risk and costs of the compliance process. This article presents a series of approaches that may be used to deal with the new risks.
Compliance: Lines of Responsibility are Blurring within Corporations
How responsible are corporations when fraud has a major impact on a large number of individuals? What is the responsibility of the individuals within the organization concerned? This text attempts to answer these questions.
Environmental Risk: How Companies Are Perceived
This text explains how to identify and measure environmental risks, whose consequences may weaken the longevity of a company.
Evaluating the State of SOX
This video explains the impact of the Sarbanes-Oxley Act in the United States. It informs us that the costs of assuring controls have generally been lower than expected while the controls set up have been effective.
Free Trade and Globalization
The Globalissues.org site offers very interesting analyses that help understand how various international concerns, such as the environment, market interdependence and sustainable development in emerging countries, can constitute both threats and promising avenues for our economic development.
From Risk Management to Financial Risk Management
This text describes a decision-making model applied to financial risk management, from the identification of risks to their treatment and acceptance.
How Can Internal Audit Report Effectively to Its Stakeholders?
This very comprehensive article discusses the various methods that internal auditors can use to disclose the results of their audits to the various stakeholders of an organization. It specifically states that reports should cover audit results and quality.
How to Bring the Power of Intuition to the Discipline of Risk Management
This article, which was essentially written for non-profit organizations but applies as well to businesses, discusses the often overlooked use of intuition in risk management in comparison with a purely scientific method, where steps are defined but generally hard to apply in reality.
Knowing How to Manage Risk and Avoid IT Pitfalls
This article offers an approach to reducing the risks associated with IT projects.
Le gouvernement de l’entreprise
This academic paper explains the basics of corporate governance. It compares Anglo-Saxon business models with German-Japanese models and lists the items that influence internal controls.
Measuring sustainable growth
The author of this article explains that sustainable development is development without degrading or depleting three types of capital: economic, social and environmental, and explains the genesis of this concept.
Qu'est-ce que la gouvernance?
The Piloter.org Web site offers a comprehensive review of the most important aspects of corporate governance. It specifically discusses engagements, principles and the IAS-IFRS standards.
Risk Intelligence and the Emerging Role of Internal Audit
While the economic environment is improving, the role of internal audits continues to become more and more important. Risk management is increasingly important and affects the objectives of the investigation.
Risk Management : Analyzing Threats to your project
This article, taken from a collaborative blog about the various facets of project management, explains how to analyze the threats to projects and keep them from compromising their completion.
Risk management for information systems
This text describes the risks associated with information systems. It explains the basics of risk management and offers several examples of how to better identify and manage them.
Strategic Risk Management (Gestion des risques stratégiques)
This site presents strategic risk management by identifying the risks to which companies are exposed and the responses to strategic environmental uncertainties. The site also offers several links that allow closer examination of various subjects.
Taking on Fraud Probes Without Interfering
At a time when governments are ever more on the war path against fraud, this article describes how the finance function can react and protect a firm's interests without interfering with probes. In the author’s view, the best defense is offense. In other words, it is better to have a thoroughly compliant program that includes internal investigations.
The Green Economic Revolution
This article deals with perspectives opened up by the latest energy crisis and the environmental problems caused by the use of fossil fuels.
Toward a global management of risk
The field of risk management-related expertise has changed a lot in the last 25 years. Previously divided into the two branches of financial risk management, which was primarily associated with banking activities, and operational risk, it is now all-inclusive. Some new concepts such as VAR (Value at Risk) have been created.
Value creation, risk management and real options
This report by the CIRANO research group discusses the application of a real options approach to risk management and strategic decision-making. This approach makes it possible to reconcile manager intuition with a more formal method of decision-making.
Website Business Risk Management
This article offers several approaches to reducing the risks related to Web site management, such as dividing up the activities of design, maintenance and hosting between several suppliers in order to reduce dependency on them.
When GRC Meets Performance Management
As uncertainty grows, risk management becomes more and more important. This article discusses the joint use of risk management (GRC – Governance, Risk and Compliance) and performance management in order to deal effectively with market turbulence.