These eight steps can help organisations implement the newly updated internal control framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
International patent filings rose a robust 6.6% in 2012, according to the World Intellectual Property Organization. It’s the third consecutive year the number of filings has risen, following a 4.8% decline at the height of the global debt crisis in 2009.
Innovation and idea generation are the greatest benefits to organisations that embrace male and female leadership, but boardroom diversity is still low across most developed countries, according to new research by Deloitte.
The EU took a step toward requiring mandatory audit firm rotation when the European Parliament’s Legal Affairs Committee voted 15–10 in favour of a draft law that would require public-interest entities such as banks, insurance firms and listed companies to rotate audit firms every 14 years.
The International Monetary Fund forecast a three-speed global recovery starting in 2013: Economies in Asia, sub-Saharan Africa and Latin America are projected to be in the lead, with the US picking up some speed and Europe lagging.
Executives and boards of directors can benefit from a periodic assessment of risks on the horizon to position their organisations for a proactive response to emerging risks. Consider asking these questions as you evaluate your company’s risk-assessment processes.
Companies that take a heavy-handed approach to the management of information risk are dragging down their own bottom line, even as they continue to find value in the information they’re harvesting. CEB research discusses how companies can be better at managing instead of simply reducing risk.
Half of UK companies are failing to investigate the potential legal and reputational risks posed by their supply chain, according to new research by Ernst & Young.
The UK’s financial services industry could be subject to greater scrutiny over the performance of its products and complaints procedures under proposed new regulator rules.
UK businesses are monitoring risks better than ever and increasing their coverage of fraud risk. However, significant challenges around data analysis, staff training and a lack of routine risk assessments remain, according to a study from Deloitte.
As global markets shift, companies are making major changes in strategies and operating models. These business transformations require a bolstering of risk management techniques as a shaky global economy, tax increases, technology and expansion to new markets and geographic areas all present new risks to businesses.
A recent report by the Institute of Internal Auditors described five ways to boost the independence of the internal audit function when the chief audit executive position is staffed by employees rotating from other functions.
Complexity and the rapid pace of change is challenging internal auditors to keep their skill sets current even as they try to expand the value they bring to their companies.
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) expects to issue its updated Internal Control—Integrated Framework on May 14.
Fostering good relations and transparency are two ways to build good investor relations. Ernst & Young, which has regular contact with the finance heads of its clients, has these tips for effective investor communication.
The increase in volume, velocity and availability of big data can create growth and efficiencies for organisations, but it also presents risks. Strong corporate governance is needed to capitalise on the opportunities and minimise the chances of unintended consequences arising from big data use.
Companies are investing in efficiencies, expanding into new markets and altering risk management processes to combat the uncertainties, according to a new survey of North American finance professionals.
