Auditors and others that deal with a company’s financial statement will experience new challenges as a result of implementation of new financial reporting standards requiring reporting of expected credit losses related to financial instruments.
The results of a recent PwC survey might not appear to be particularly alarming: the percentage of organisations that experienced economic crime in the previous 24 months was down, albeit only slightly. Scratch beneath the surface, however, and it doesn’t take long to find signs of trouble.
The risks associated with doing business globally include third-party bribery, fraud, or supply-chain issues. A PwC report offers steps audit committees can take to better manage third-party risk.
Many internal audit departments are short on cyber-security expertise and lack involvement in evaluating the quality of the data used in their organisations.
An annual list of common passwords underscores the need for more education about overall cyber-security. A strong password policy is one of several steps organisations can take to enhance cyber defences.
Risk management is abundant at large multinationals, but efforts to anticipate key risks show significant gaps, according to a global Deloitte survey. Find out how to better prepare for the worst.
The Institute of Internal Auditors (IIA) proposed changes to its standards for internal audit professionals, with a goal of helping practitioners meet the evolving demands of today’s dynamic business environment.
Sub-Saharan Africa is a hotspot for foreign direct investments but also poses rising corruption risks. To do business in the region’s high-growth emerging economies, multinationals should follow these three precautions.
For the 11th consecutive quarter, regulatory requirements and changes top the list of challenges cited by US finance executives in a survey. CFOs and controllers sometimes hire consultants or ask existing staff to take on extra work to make sure they’re compliant.
In emerging economies, holiday gifts can create bribery risks that few multinationals are ready to address, a Deloitte survey suggests. Find out how to lower the risk without being a Grinch.
US Bancorp tasked internal auditors with evaluating whether the company’s enterprise risk management approach was functioning as intended. Find out how they did it.
To successfully tap consumer markets around the world, companies may have to risk changing their brands. Enterprise risk management offers tools to help deal with the challenge.
Focusing on unexpected successes and areas of strategic importance — and sometimes ignoring the customer — can help organisations survive competitive risks.
Reforms adopted worldwide in the past 12 years have reduced regulatory constraints on small and midsize businesses, especially in emerging economies. Find out where the regulatory improvements have made the biggest difference.
