Risk Management
Survey Says Boards Troubled by Reputation Risk
After financial risk, reputation risk is the biggest concern that keeps board directors awake at night, according to the latest poll from EisnerAmper. In its fourth annual survey of 230 board members from a variety of organizations, the audit firm found 73 percent of board directors said reputation risk is their biggest risk behind financial […]
How Compliance and HR Can Get It Together
Compliance and human resources have always had a love-hate relationship. Now some companies are finding that getting them aligned can yield large benefits for both functions and improve the organizational culture. That’s no easy task, however. At many companies, gaps in communication and collaboration between compliance and human resources continue to persist. “In general, there […]
Companies Transform to Respond to Risks, Survey Says
Responding to risks from global market shifts and continued economic uncertainty, an increasing number of companies are undergoing major transformations to build new business models, tap into new channels and markets, and rethink supply chains and business locations, according to the latest risk-related survey from PwC. The Big 4 firm’s “Risk in Review” study suggests […]
Internal Audit Continues a Push Into Risk Management
The role of internal audit continues to evolve. New requirements from Nasdaq and the Federal Reserve will put increased demands on internal auditors, as they continue to grow out of their traditional tick-and-tie roots into more risk-focused watchdogs and advisers. Nasdaq has proposed through the Securities and Exchange Commission to require that all of its […]
When Banks Game the Risk Picture
Used to be that companies played games with their earnings numbers, backing a few million from the current quarter into last month to squeak out that earnings beat. Sure, that game will always be played, but there’s a new kind of fudging going on, particularly at big banks: fooling regulators into thinking you are taking […]
Developing an Effective Approach to Third-Party Due Diligence
Anyone who has a sibling knows that you can get in trouble for the actions of others. For companies, the same principle applies to third-party affiliates. In fact, more than 90 percent of reported Foreign Corrupt Practices Act cases involve third parties, such as sales affiliates and resellers, acting on the company’s behalf, according to […]
Info Governance: Get Data Classification Right First
Data classification is one of the most crucial elements of an effective information governance process—yet one that many companies fail to implement well. In its simplest terms, data classification is the process of categorizing data based on its level of sensitivity. When done properly, the classification of data helps a company determine the most appropriate […]
The art of managing policy exception requests
Exception requests are often a thorn in the side of policy managers, and yet they are unavoidable for most.
