Although formal performance measurement and management controls can help not-for-profit organizations (NPOs) thrive in a competitive environment, they must be implemented carefully, a new report jointly sponsored by the AICPA and CIMA shows.
The first quarter of 2013 is the new expected release date for the updated internal control framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The framework originally was scheduled for release in fall 2012, but extensive, detailed comments from stakeholders have left COSO’s board with many ideas to consider.
A sense of guarded optimism about the global economy in the first quarter points to a growth phase rather than a widespread recovery, suggests a panel commenting on the CGMA Global Economic Index.
Surveys show investors are putting pressure on companies to disclose more about workplace safety, human and labour rights, and environmental practices. But businesses struggle with how to track the impact of sustainability activities.
The most sought-after skills for new internal audit staff are changing to reflect new, more strategic priorities, a study shows. Skills such as analytical and critical thinking and communication have emerged as most important as chief audit executives explore ways to increase their value to organizations.
North Carolina State University brings large and small companies together to talk about the enterprise risk-management programmes that fit their corporate cultures.
In the first quarter, Canadian executive chartered accountants felt more optimistic about the US economy, the Canadian economy and about the prospects of their own companies than they did in the fourth quarter of 2011, according to the “CICA/RBC Business Monitor”.
CFOs of North American companies plan to devote 27% of their cash to domestic investment and 24% to liquidity in 2012, according to a recent Deloitte survey, demonstrating both optimism and caution in uncertain economic times.
Optimism among global manufacturers is rebounding as global economic conditions improve. Manufacturers in Brazil and the US are particularly confident. Companies in both countries expect more business activity, which could mean more hiring.
CGMAs have become a little more confident about current global economic conditions, according to the inaugural CGMA Global Economic Outlook Index, a new quarterly snapshot of AICPA and CIMA members.
Business leaders would like more substantial risk management input from internal auditors, a PwC survey shows. Although barriers can discourage internal auditors from increasing their influence, a growing number of business risks present an opportunity for them to add value.
Business executives worldwide are changing their compliance processes in response to evolving legislation and regulation. As a result, CFOs are extending their reach beyond the finance function.
Feeling increasingly exposed to unpredictable events, companies worldwide updated their risk management strategy in 2011, a new survey finds. The changes frequently aim to challenge conventional thinking.
All of the Foreign Corrupt Practices Act enforcement actions brought last year by the Department of Justice and the SEC involved alleged bribes by companies’ third-party business partners, Deloitte researchers found. Nonetheless, a poll shows that corporate due diligence and risk assessments on third-party business partners remain low.
Low interest rates and large cash reserves will prompt more companies to go through with mergers and acquisitions this year. The deals are expected to expand companies’ geographical reach.
Corporate governance is in the spotlight as never before, but most boards are not as effective as they should be. A new CGMA report offers recommendations and tools to help improve board performance.
The US-Korea Free Trade Agreement, which will take effect Thursday, is among the most significant trade agreements for the US in nearly 20 years. US automakers and farmers and South Korean LED lighting, car parts and textile manufacturers are among those expected to benefit from the duty-free exchange of goods.
CFO optimism remains low worldwide, dampening expectations for 2012 in many countries. CFOs in Europe and the Middle East feel the most pessimistic as they brace for fallout from sovereign debt troubles in the euro zone, social upheaval in the Middle East and dwindling global demand, surveys showed. CFOs in the US, meanwhile, expect some revenue growth.
Good risk management goes beyond keeping the company out of trouble, a new study on risk investment levels suggests. Companies that did it best reported three times EBITDA than those that just did basic risk management.
Increasing competition and slowing growth can turn emerging economies such as China, India and Brazil into risky business environments, according to a new Ernst & Young report on globalisation.
