Learn from the experience of others and share your experience! blog
Have you ever asked your peers or professional colleagues what risk management or compliance tools they use? We value the ground well tread because we know that learning comes from making mistakes. How would you like to know what 1000's of your peers are saying about GRC ven
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WYSIATI - Jumping to Conclusions with Limited Evidence blog
Over confidence in our ability to assess risks has led to more mistakes than we care to admit. WYSIATI - "What You See Is All There Is" describes a set of biases that prevents us from becoming better risk managers. Why is this the case? Because we jump to conclusions based on weak evidence and confuse correlation with causation.
European Union - Reform of the audit market: Proposal for a regulation on the quality of audits of public-interest entities and proposal for a directive to enhance the single market for statutory audits (November 2011) resource Agency Guidances OCEG Reviewed
Brussels, 30 November 2011 - The 2008 financial crisis highlighted considerable shortcomings in the European audit system. Audits of some large financial institutions just before, during and since the crisis resulted in 'clean' audit reports despite the serious intrinsic weaknesses in the financial health of the institutions concerned.
From Corporate Board Member: Real Scenarios for Real Performance in Risk Oversight blog
Technology change, competitor action, cyber attacks, supply chain disruption, regulatory change, product blunders and executive departures–the risks to business performance are unceasing in a dynamic environment. Yet, in the need for performance lies the seed of improved risk management.
IMF, Making Banks Safer: Can Volcker and Vickers Do It? (2011) resource White Papers OCEG Reviewed
Summary: This paper assesses proposals to redefine the scope of activities of systemically important financial institutions. Alongside reform of prudential regulation and oversight, these have been offered as solutions to the too-important-to-fail problem.
IFAC, Global Survey on Risk Management and Internal Control (PAIB Committee, 2011) resource Research / Studies OCEG Reviewed
The PAIB Committee's survey on risk management and internal control received over 600 responses from around the globe. This information paper provides an analysis of the survey results and summarizes respondents' recommendations for the next steps in this area.
2011 Aon Global Risk Management Survey resource Research / Studies OCEG Reviewed
Summary: Conducted in 10 languages in Q4 2010, this biennial report represents 960 organizations from 58 countries in all regions of the world. The third of its kind, the report aims to help risk managers stay abreast of emerging issues and learn how their industry and regional peers are managing risks and capturing opportunities.
Free registration required.
