Researchers at North Carolina State University and speakers at the AICPA’s CFO Conference explain enterprise risk management and share best practices of how to prepare for risks that can cost you your business.
A rash of recent hacking incidents at high-profile organizations such as Sony Corp. contributed to a big jump in the percentage of large, publicly traded U.S. technology companies citing potential data breaches as a major risk to their businesses, a new BDO report says.
The US asset management industry invested significantly to improve risk management since the 2008 financial crisis, but risk managers still face big challenges.
About half of the most disappointing earnings surprises S&P 500 companies reported in the first quarter were caused by risks that were inherent in the companies’ business model, a first-of-a-kind study suggests.
Common trading myths – rooted in the misconception that offshoring of manufacturing jobs to countries with cheap labour is raising trade deficits in mature economies – can hurt the US and Europe.
Manufacturers face operational and recruiting challenges that are leading to localised supply chains, investment in energy-efficient processes and new-worker training initiatives, according to research by the World Economic Forum.
Although the financial crisis has strengthened the role of corporate treasurers, they face cash management difficulties while using outdated technology and are experiencing difficulty recruiting talented employees, according to a new survey.
The typical business loses 5% of its revenue to fraud, a global Association of Certified Fraud Examiners (ACFE) report estimates. See what sectors are most vulnerable to fraud risk, what types of schemes are most common and most costly, and get tips for detecting and preventing fraud.
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.
