Recently I had the honor of moderating a session on “Internal Audit: The first line of defense”. The panel consisted … More
Tag: ERM
1130 – Impairment to Independence or Objectivity
IIA has revised standards on internal auditing. The revised standards become effective from January 2017. One of the new year … More
1112 – Chief Audit Executive Roles Beyond Internal Auditing
IIA Inc has revised standards on internal auditing. The revised standards become effective from January 2017. One of the new … 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
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
Risk Management Mistakes Many company make
Recently I got the honor of being part of a panel discussion on “Risk Management Mistakes Many companies make” This … 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