Compliance Week TV

 In our first Compliance Week TV video we hear from Frank Diana, executive vice president of enherent Corporation, who discusses the challenges involved in information management.
Watch the video in full screen now

CPE Credits On Demand!

Subscribers can now earn FREE Continuing Professional Education (CPE) credits by watching Compliance Week Webcasts on critical topics related to corporate compliance and risk -- on demand, so at your convenience! For subscribers only.
Earn CPE for free now

Compliance Week Podcasts …

This week’s podcast features Lucy Marcus, CEO of Marcus Venture Consulting, talking about shareholder and director activism, and how corporate executives can work with them more effectively. Hear the podcast now or …

Follow Compliance Week podcasts on iTunes.

… and Compliance Week on Twitter!

You can also follow Compliance Week Editor Matt Kelly on Twitter, for the latest regulatory observations and updates. More than 2,600 followers and ranked the most influential Twitter feed on compliance!

Compliance Week LinkedIn Group

 Visit the Compliance Week has a companion group on LinkedIn, where members can network and discuss the compliance and governance news of the day among themselves. Open to all, free to join.

Webcasts of the Week

 Defining and Executing Systematic, Risk-Based Third-Party Due Diligence for FCPA Compliance
Sponsored by The Steele Foundation

Help Wanted: Ad of the Week

 Compliance Education & Communications Mgr.
Submitted by Oracle

Event of the Week

 Corporate Governance Programs
Courtesy of Harvard Business School

Thought Leadership of the Week

Access Management: Efficiency, Confidence, Control
Courtesy of SAP

The Resource Exchange

Code of Conduct
Submitted by BP

Sample Risk Acceptance Request
Submitted by Circuit City

Featured Databases

Whistleblower Guidelines
Search Whistleblower Policies, Contract Options

Class-Action Filings
Download Text of Class-Action Complaints

GRC Illustrated Series

 Improving GRC by Visualizing Your Data
The 24th Installment in This Exclusive Series

Recent Coverage Of Risk Assessments And ERM

Below is some of the most recent Compliance Week coverage on issues related to enterprise risk management, risk assessments, continuous auditing, the COSO guidance, and more. Don’t forget to access risk-related templates in our Resource Exchange. Also, see ERM columns by Richard Steinberg, who was involved in developing COSO’s Enterprise Risk Management—Integrated Framework.

  Title & Description Date Type of Article
1. Common Questions About GRC, and Some Answers
Earlier this summer I participated on a panel at the Institute of Internal Auditors international conference, held this year in Atlanta. The subject of the panel was governance, risk, and compliance, covering a range of matters raised by the moderator and enthusiastic participants. Compliance Week readers often have similar issues on their minds, so I’d like to share my responses to some of the questions raised. Since I don’t have notes, I’ll do my best in reconstructing my remarks.
 By Richard M. Steinberg, Compliance Week Columnist
08/24/10 Compliance Week Coverage
2. As Companies Weigh Growth Strategies, Audit Committees Sharpen Focus on Risks and Controls
To quote just one of the 1,200 directors and business leaders attending our recent 28-city Audit Committee Roundtable Series: “Every company should be taking a step back and thinking hard about where it needs to go, and its strategy for getting there. And every audit committee needs to be asking, what are the risks in our growth strategy, and where are the controls?”
 By KPMG
08/17/10 Compliance Week Coverage
3. How Did BP’s Risk Management Lead to Failure?
We all know the damage caused so far by the explosion of BP’s Deepwater Horizon offshore oil rig in April: 11 workers killed, economic ruin across the Gulf Coast states, environmental ruin along the Gulf Coast itself. And efforts to stop the continuing undersea oil spill keep falling far short of the solution that’s desperately needed.
 By Richard M. Steinberg, Compliance Week Columnist
07/20/10 Columns & Editorials
4. Learning From the Goldman Sachs Debacle
I’m pleased to be participating—for the fifth time—in Compliance Week’s annual conference. Saying that makes me feel a bit like Phil Connors, the weatherman played by Bill Murray in the movie “Groundhog Day,” who had to repeat the same day over and over again, until he finally got it right. In my case, I hope the folks at Compliance Week keep inviting me back, based on their assumption that, while I still haven’t gotten it right, I eventually might!
 By Harvey L. Pitt, Compliance Week Columnist
06/29/10 Columns & Editorials
5. SEC Clawback Suit Pushes Liability Under SOX 304
A federal district court judge is letting the Securities and Exchange Commission proceed with a novel lawsuit testing just how far the agency can go to claw back compensation executives receive improperly.
 By Melissa Klein Aguilar
06/22/10 Compliance Week Coverage
6. From Risk Assessment to Risk Scenario Analysis
Today’s volatile markets and sluggish economy have strained companies’ traditional risk-forecasting techniques to the breaking point—and many have just outright broken down, according to a recent Webcast hosted by Deloitte.
 By Jaclyn Jaeger
06/15/10 Compliance Week Coverage
7. Managing, Mitigating Third-Party Risks
For most companies these days, working with third parties is critical to doing business. But at a time when anti-corruption enforcement has never been more stringent, those third parties can also pose huge risks.
 By Melissa Klein Aguilar
06/08/10 Compliance Week Coverage
8. Wall Street Can Learn From WaMu’s Meltdown
At hearings of the Senate Permanent Sub-committee on Investigations looking into causes of the financial crisis, Kerry Killinger, CEO of the now-defunct bank Washington Mutual, contended that his company hadn’t been treated fairly. Documents were released that disclosed how he compared liquidity to oxygen—which, he complained, was provided to other banks in distress, but not to WaMu.
 By Richard M. Steinberg, Compliance Week Columnist
05/18/10 Columns & Editorials
9. Shop Talk: Compliance in Life Sciences
Corporate compliance in the life sciences industry can be quite the headache these days.
 By Jaclyn Jaeger
04/13/10 Compliance Week Coverage
10. Podcast: Managing Risks in the Supply Chain
This week, we talk with Bob Engel of Resources Global Professionals about how to size up risks in your supply chain and what controls to use to keep those risks down.
 		04/09/10 Compliance Week Coverage
11. Tips on Evaluating, Managing Liquidity Risks
Corporate America now knows the menace of liquidity risks all too well, thanks to the financial crisis that gripped Wall Street in 2008. Actually evaluating and managing those risks, however, is still mostly mystery.
 By Jaclyn Jaeger
03/30/10 Compliance Week Coverage
12. Managing Supply Chain Risks
As the sluggish economy continues to take a heavy toll on manufacturing, global corporations are stepping up scrutiny of the integrity and resiliency of their complex supply chains.
 By Jaclyn Jaeger
03/23/10 Compliance Week Coverage
13. Shop Talk: Fostering a Strong Anti-Fraud Effort
Statistics differ over whether or not fraud rises in a difficult economy. For ethics and compliance officers, however, the true answer is also somewhat beside the point: the challenges of fighting fraud are rising, regardless.
 By Jaclyn Jaeger
03/09/10 Compliance Week Coverage
14. Choosing the Right Risk-Management Framework
Every chief compliance or chief risk officer knows how a company gets started on risk management. First, senior executives and the board dodge the question. Then some risk they didn’t foresee suddenly goes sour. Then they panic and decide that enterprise risk management is the company’s salvation.
 By Melissa Klein Aguilar
03/02/10 Compliance Week Coverage
15. Risk of Failing to Understand ERM Risks
In the 1996 movie “Mother,” Albert Brooks plays John Henderson, a writer of questionable talent, who’s just been through his second divorce, due to his fundamental inability to relate to women. To probe his back-to-back marital failures, Brooks moves in with his mother, Beatrice, played by Debbie Reynolds, to examine his most important female relationship, and the source (he believes) of his problems. John and Beatrice’s relationship is unlike any mother-son relationship with which most of us are familiar, perhaps epitomized by Beatrice’s unthinking reference to John, when introducing him to friends, as her “other” son. At one point, Beatrice reassuringly offers John a rote platitude, saying, “I love you.” Not missing a beat, John caustically replies, “I know you think you do, Mother!”
 By Harvey L. Pitt, Compliance Week Columnist
02/23/10 Columns & Editorials
16. Study: ERM Programs Improving
Good news for chief risk officers: enterprise risk management programs appear to be improving.
 By Jaclyn Jaeger
02/23/10 Compliance Week Coverage
17. Brave New World of Risk Confronts Financial Firms
On Jan. 13, 2010, Compliance Week and Deloitte presented an exclusive editorial roundtable about the risk challenges facing compliance and risk executives in the financial sector. The biggest concern among participants at the forum, which was held at the The Ritz Carlton in New York City, is trying to predict what regulators want from them and how to meet regulatory demands. Moderated by CW Editor-in-Chief Matt Kelly, and featuring Deborah Parker Bailey, Director of the Governance, Regulatory & Risk Strategies Practice at Deloitte and Scott Baret, a partner with Deloitte’s Regulatory & Capital Markets division, the roundtable encouraged participants to share their concerns and offer up some solutions. The following article provides readers with a full recap of their discussion.
 By Melissa Klein Aguilar
02/02/10 Compliance Week Coverage
18. The Increasing Risk of Procurement Fraud
Of all the forms of white-collar crime, procurement fraud is probably the least visible yet the most costly. That’s largely because it’s a hidden byproduct of seemingly legitimate transactions, often involving millions of dollars, between a business and supposedly legitimate vendors. What’s more, the organizations victimized by procurement fraud often don’t report it and choose to settle privately with the alleged culprits.
 By José Tabuena
01/05/10 Columns & Editorials
19. Risk Velocity, the Unknown Dimension in ERM
Risk is a full-bodied presence in the boardroom and the C-suite, so it’s time risk management stopped being two-dimensional. Let’s add a third dimension to risk measurement.
 By Stephen Davis and Jon Lukomnik, Compliance Week Columnists
12/08/09 Columns & Editorials
20. Shop Talk: Metrics for Risk, Compliance
The following executives participated in the Nov. 17 roundtable on what metrics to use when measuring risk and compliance. The roundtable, held at the Plaza Hotel in New York City, was moderated by CW Editor-in-Chief Matt Kelly, and featured Michael Duffy, President of OpenPages. Panelists were encouraged to discuss the challenges they face when measuring risk and what metrics they have employed for top-notch enterprise risk management. The following article provides readers with an in-depth look at their discussion.
 By Jaclyn Jaeger
12/08/09 Compliance Week Coverage
21. Board of Directors’ Hot Buttons
With memories of the financial crisis still fresh in our minds and questions of “Where were the boards?” still abounding, today’s directors face extraordinary challenges.
 By Richard M. Steinberg, Compliance Week Columnist
11/17/09 Columns & Editorials
22. Survey: How Mature Is Your Compliance Function?
Chief compliance officers apparently still have lots of work ahead to turn their compliance efforts into strong, mature programs that can handle the broad range of risks corporations face.
 By Jaclyn Jaeger
11/10/09 Compliance Week Coverage
23. Grappling With the Future of Internal Audit
Without question, the internal auditing function is experiencing profound transformation these days. But transforming into what still seems a mystery.
 By Melissa Klein Aguilar
11/03/09 Compliance Week Coverage
24. New Models for Broken Board Governance System
To say that these are challenging times to be a corporate director is an understatement. Shareholders are clamoring for greater ability to determine what happens in the boardroom and who sits in the seats; the SEC is proposing a host of new rules requiring a broad range of expanded disclosures; the pace of new lawsuits continues unabated. All this occurs with memories still fresh of the financial system’s near collapse, against a backdrop of an economy still struggling emerge from the “Great Recession.”
 By Richard M. Steinberg, Compliance Week Columnist
10/20/09 Compliance Week Coverage
25. Weighing the Options of e-Discovery Programs
Controlling e-discovery costs while minimizing litigation risks are two of the greatest challenges that in-house lawyers face—challenges that most companies aren’t equipped to handle.
 By Jaclyn Jaeger
10/20/09 Compliance Week Coverage
26. S&P Plans for ERM Evaluations Falter
Standard & Poor’s much-touted plan to evaluate companies’ risk management efforts as part of its credit-rating decisions seems to have stalled, as S&P analysts figure out how to scrutinize risk management and whether it’s worth the extra burden to companies.
 By Jaclyn Jaeger
10/13/09 Compliance Week Coverage
27. Managing Risk in the Financial Sector
On Sept. 16, 2009, Compliance Week and Navigant Consulting presented an exclusive editorial roundtable about compliance practices at financial services firms. A top concern among the executives who appeared at the forum, held at The Mandarin Oriental Hotel in Boston, was how to ensure that compliance and risk-management programs keep pace with new and evolving regulatory changes in a challenging economy. Moderated by CW Editor-in-Chief Matt Kelly, and featuring Daniel Bender and John Schneider, director and managing director of Navigant Consulting, respectively, the roundtable encouraged panelists to discuss compliance challenges and solutions. The following article provides readers with an in-depth look at their discussion.
 By Jaclyn Jaeger
09/29/09 Compliance Week Coverage
28. Podcast: Future of Internal Audit
In this week’s podcast, editor Matt Kelly talks with Jonathan Marks of the audit firm Crowe Horwath about the evolving role of internal audit departments.
 		09/15/09 Compliance Week Coverage
29. Podcast: Risk-Management Proposals
Compliance Week editor Matt Kelly talks with John Farrell, head of the risk management practice at KPMG, about the SEC’s proposals to expand disclosure of risk management efforts.
 		08/31/09 Compliance Week Coverage
30. Shop Talk: The Threat of Emerging Risks
Chief compliance officers are already busy enough managing all the risks they know. But the risks they don’t know are what really worry them.
 By Jaclyn Jaeger
08/11/09 Compliance Week Coverage
31. List of Risk Advisory Firms
A compilation of firms with risk advisory practices, ranked by employees in risk management.
 By Compliance Week
06/23/09 Compliance Week Coverage
32. How to Start Your ERM Program
The global economic scene has provided a sobering reminder that risks potent enough to take down the whole enterprise are very real. And while identifying and managing those risks is a challenge, the steps to do so are essential to survival.
 By Tammy Whitehouse
06/16/09 Compliance Week Coverage
33. What Boards Should Know About Groupthink
Last month’s column described the dangers of “keeping up with the Joneses” and how businesses seeking to do so have suffered disastrous consequences. I mentioned two corollaries: the risk of blindly following supposed best practices, and of buying into “groupthink.” We explored the former risk in detail last month; this month I want to turn to the latter.
 By Richard M. Steinberg, Compliance Week Columnist
05/19/09 Columns & Editorials
34. Evaluating and Auditing Risk-Management Policies
improve
 By José Tabuena
05/12/09 Columns & Editorials
35. Red Book Alert: OCEG Revises GRC Manual
The non-profit Open Compliance & Ethics Group has released an updated version of its popular standards for corporate conduct and risk management, known as the Red Book.
 By Melissa Klein Aguilar
04/21/09 Compliance Week Coverage
36. Risk Intelligence Amid a Difficult Economy
On March 25, 2009, Compliance Week and Deloitte hosted an exclusive editorial roundtable, “Risk Intelligence in a Down Economy.” A top concern among the 19 executives who appeared at the forum, held at the New York Academy of Sciences in NYC, was how to ensure that tools and strategies already in place will be able to keep pace with the changes taking place in a failed economy. Moderated by CW Editor-in-Chief Matt Kelly, and featuring Henry Ristuccia, U.S. leader of Deloitte’s governance and risk management practice, and Mike Fuchs, principal at Deloitte, the roundtable encouraged panelists to discuss risk-management challenges and solutions. The following article provides readers with an in-depth look at their discussion.
 By Melissa Klein Aguilar
04/14/09 Compliance Week Coverage
37. The Fraud Triangle: Not Good Enough These Days
The three basic elements of fraud – opportunity, pressure, and rationalization, which make up the “fraud triangle” – were identified over 60 years ago. However, with the changing times and difficult economic conditions, a new perspective on fraud is required. Download this whitepaper “Playing Offense in a High-risk Environment,”
 By Crowe Horwath
03/30/09 Compliance Week Coverage
38. Roundtable Discusses Supply Chain Risks
These days, compliance executives may be fretting about the risks posed by the people outside of their organization just as much as (or more than) the potential dangers from their own employees. With news like the recent peanut salmonella outbreak grabbing headlines, it seems those fears are well founded.
 By Melissa Klein Aguilar
02/18/09 Compliance Week Coverage
39. Shop Talk: Best Practices on Fraud Risks
When it comes to managing fraud risk, compliance and internal audit executives say the toughest challenge isn’t winning support from the board or top management; it’s winning over everyone else in the company.
 By Melissa Klein Aguilar
12/16/08 Compliance Week Coverage
40. Risk-Management Lessons From the Credit Crisis
As the United States and the world sort through the credit crisis, and the financial markets continue to gyrate and governments craft and recraft programs in an attempt to avert disaster, one wonders what went so very wrong with those much-touted risk management systems of major financial institutions. Weren’t the big guys with the highly polished reputations supposed to have in-depth knowledge of what their risks were, and manage those risks to be profitable and sustainable? How did they, and we, end up here?
 By Richard M. Steinberg
11/18/08 Columns & Editorials
41. Companies Urgently Search for Hidden Risks
The phones are ringing off the hook at risk-management consultancies these days. So far, however, it’s just a lot of window-shopping.
 By Tammy Whitehouse
11/04/08 Compliance Week Coverage
42. Debunking SOX Theories One Misconception at a Time
Having worked with many boards of directors, it’s clear that most directors now understand what Sarbanes-Oxley is all about. They’ve spent the last few years dealing with many of its provisions, with audit committees spending significant time on Section 404’s internal control requirements. Some initially lost sight of other important responsibilities, although generally boards have returned to a more balanced approach of providing effective advice, counsel, and direction on strategic business issues in addition to their compliance monitoring roles.
 By Richard M. Steinberg
09/16/08 Columns & Editorials
43. When Executives Discuss ERM Challenges
Recently I had the privilege of leading a forum of senior executives experienced in risk management in a discussion of the challenges of developing, implementing, and gaining the benefits of ERM.
 By Richard M. Steinberg, Compliance Week Columnist
08/19/08 Columns & Editorials
44. Building a Strong Risk-Management Team
In one form or another, enterprise risk management has always been an essential part of an organization’s operations. But that is arguably more true today than ever before.
 By Jaclyn Jaeger
07/01/08 Compliance Week Coverage
45. S&P Starts Including ERM in Credit Ratings
Standard & Poor’s is giving companies a new financial incentive to take enterprise risk management more seriously: It will affect their credit ratings.
 By Christine Dunn
06/17/08 Compliance Week Coverage
46. Auditing Your ERM Program
Everyone talks about the need for good risk-management programs, but nobody seems to know how to audit them to ensure they actually work.
 By Dan Swanson, Compliance Week Columnist
05/06/08 Columns & Editorials
47. “For Want of a Nail”: ERM for the Regulators
During the Revolutionary Era in this country, Benjamin Franklin printed an old English rhyme in his Poor Richard’s Almanack that touted the benefits of preparedness and preparation:
 By Harvey L. Pitt, Compliance Week Columnist
04/29/08 Columns & Editorials
48. ERM vs. Risk Assessment: An Analysis
Ever wonder what the risk is that you’ve wrongly assessed how you’re supposed to do risk assessments?
 By Jaclyn Jaeger
03/18/08 Compliance Week Coverage
49. Why It’s So Shocking Societe Generale Was Shocked
By now we’ve all seen the headline—“French Bank Rocked by Rogue Trader!”—heralding the debacle at Societe Generale as the largest bank fraud in history.
 By Richard M. Steinberg, Compliance Week Columnist
02/20/08 Columns & Editorials
50. Banks Bring Basel II to Risk Management
As investors around the world cope with the fallout of the sub-prime mortgage crisis in the United States, financial institutions are getting a stern regulatory reminder of the importance of monitoring operational and credit risk, via the implementation of Basel II.
 By Christine Dunn
02/12/08 Compliance Week Coverage

Records per page: Page: 1 | 2