Protecting your system and data from inside users is as important as protecting it from external threats.
Seven tips that will help companies steer through disruption.
An agile, incremental path to finance function value for financial services companies.
Organizations should have robust internal control procedures to limit the risk of fraud, and internal audit’s role is to assess these controls.
A study reveals three components of a superior growth strategy and underscores their interdependency.
Innovation strives when faced with no other choice. What can businesses do to overcome economic downturns?
Use CECL user testing to move from compliance to value.
Move beyond compliance to performance driven risk management. Compliance and risk operations at financial services companies suffer a range of problems stemming from organizations’ efforts to achieve regulatory compliance while adjusting strategies, business models and approaches to risk. The current moment presents a real, and perhaps time-limited, opportunity to transform compliance and risk operations.
The accounting changes required to comply with Accounting Standards Codification 842 are not the most difficult part of compliance. Gathering all the data necessary to accurately reflect those changes is the biggest challenge.
Insights into how we can help you reach your goals, navigate competitiveness or deal with complex situations
Travel and entertainment expenses are sometimes small amounts that taken individually are generally insignificant, and because the items involved are so numerous and so small, auditing them individually would be prohibitively expensive. However, these expenses taken collectively are significant.
Companies have been employing digital technology for years, but they are only now committing themselves to pursuing durable digital transformations.
How boards and executive teams communicate about risk, among themselves and through the ranks, determines much of the organization’s approach to risk. Leaders who have been focused on risk management primarily as compliance typically need to examine and discuss the broader risk picture.
In recent years, the world has seen exponential growth in the amount of data being captured, processed and stored by organizations, mirrored by a relative reduction in the cost of data storage itself. As a result, the timely, accurate analysis and appropriate management of these vast amounts of data (‘big data’) is where organizations can recognize real business value.
This new update helps organizations manage risk differently - it paves a new path towards the evaluation of how risk is used in the strategic decision making process, which ultimately affects an organization’s performance.
Achieving high performance in the current business environment demands an understanding of not only risk and risk management, but also truly integrated risk management and how to realize it.
