Recently I had the honor of moderating a session on “Internal Audit: The first line of defense”. The panel consisted … More
Tag: Enterprise Risk Management
Perspective – Everyone is right
A successful business man was growing old and knew it was time to choose a successor to take over the … More
Right to Audit – Clause
As part of Risk Management, organisation are becoming more forceful to have the Right of Audit Clause incorporated into their … More
Have you included vendor audit as part of your audit plan?
Have you included vendor audit/ contract compliance as part of your audit plan? Vendor Risk is becoming a greater concern as … More
Where is Risk in Audit Committee Agenda?
“Audit Committee Members don’t understand the risk. Promoters feel that Audit Committee are too much into finance. The Independent directors … More
What is Risk Appetite?
What is risk appetite? What does it mean? This question has set the ball rolling in an informal group of … More
Control Objectives to Risk Linkages
I have come across an interesting question on linkages between Risk and Control. Usually we start with risk and identify … More
ERM FAQ 5 – Risk Response: What are risk response?
Businessdictionary.com defines risk response as “Appropriate steps taken or procedures implemented upon discovery of an unacceptably high degree of exposure … More
ERM FAQ-4 -Risk Assessment
Question 4: Risk Assessment? Organization need to find the factors that are giving rise to risk to the goals of the … More
ERM-Faq-3-How the risk appetite and risk tolerance limits set by the organization
Business Objectives and strategy drive Risk Appetite. If organization has profitability in mind, they will have low risk appetite. However, … More