Risk Management

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Is Risk Management Failing? Fundamentals of GRC: Mastering Risk Assessment event WebinarOCEGFree Recorded
Tuesday May 06, 2008 10:00am - 11:00am
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Recent news headlines related to the subprime mortgage crisis, rogue traders, and corporate fraud have highlighted that despite investment in risk management disciplines, significant risk failures persist. While isolated incidents of one-time governance failures are bound to occur, long-term systemic failures are more than just an isolated anomaly.
Recent news headlines related to the subprime mortgage crisis, rogue traders, and corporate fraud have highlighted that despite investment in risk management disciplines, significant risk failures persist. While isolated incidents of one-time governance failures are bound to occur, long-term systemic failures are more than just an isolated anomaly.
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Observations on Risk Management Practices during the Recent Market Turbulence (March 2008) resource Research / Studies OCEG Reviewed

Senior financial supervisors from five countries issued a report that assesses a range of risk management practices among a sample of major global financial services organizations. This report summarizes a joint review that supervisors initiated this past autumn.

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Identifying and Selecting the Right Risk Consultant (2007) resource White Papers OCEG Reviewed

by Michael Rasmussen

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IFAC, Managing Risk to Enhance Stakeholder Value (2002) resource Books / Publications OCEG Reviewed

The 2002 theme booklet from IFAC’s Financial and Management Accounting Committee (FMAC) focuses on the theme of Risk Management from both the traditional review of the financial risks of a company and the emerging application of risk management techniques in the areas of strategy, reputation and people.

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ERM making inroads but still not mainstream: Study (2007) resource Articles OCEG Reviewed

The push for enterprise risk management has made some progress, but ERM has yet to become part of day-to-day business operations, according to a study released Wednesday by the Conference Board and risk management consultant Oliver Wyman, a unit of Marsh & McLennan Cos. Inc., both based in New York.

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Assessing, Managing Enterprise Risk: What it takes to manage virtual servers (2007) resource Articles OCEG Reviewed
IT executives must provide technologies and services to enable the business to thrive and grow, but at the same time they need to maintain tight controls on resources, access rights and the environment to prevent the risk of technology from outweighing the reward.
 
Network World, November 12, 2007
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OECD Guidance Note, Compliance Risk Management: Managing and Improving Tax Compliance (2004) resource International Materials OCEG Reviewed

The purpose of this guidance note is to provide a framework for the application of modern compliance risk management principles to the management of tax compliance risks. It identifies and discusses the general principles found in both the identification and treatment of compliance risks within a wide variety of taxation jurisdictions.

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Aligning People, Processes, and Technology for Effective Risk Management (IIA, 2008) resource Articles OCEG Reviewed

Learning the basic components of a continuous risk management program can help auditors provide recommendations that enhance IT security risk management practices.

Author: Paul Reymann, CEO, ReymannGroup Inc.

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Fraud Risk Management: Developing a Strategy for Prevention, Detection, and Response (2006) resource White Papers OCEG Reviewed
This white paper provides an overview of fraud risk management fundamentals, identifies new regulatory mandates from around the world, and spotlights key practices that organizations have generally found to be effective in the current environment.   Posted by KPMG.
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Creating the "Wholly Sustainable Enterprise" A Practical Guide to Driving Shareholder Value Through Enterprise Sustainability (Deloitte, 2007) resource White Papers OCEG Reviewed
Sustainability is rapidly becoming a critical business strategy, driven by a convergence of factors—increasing regulation, changing customer expectations, competitor advances, value chain partner requirements, brand equity protection, and global risk management. Leading companies have begun driving improved value by broadening the definition of ‘sustainable enterprise’ and by executing ‘green’ practices where doing so delivers positive returns.
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