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Inside Internal Controls

News and discussion on implementing risk management

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A revolution in risk management

Risk management, whether you call it enterprise risk management, strategic risk management, or something else, is about helping an organization achieve its objectives. All the standards, frameworks, and guidelines talk about risk in terms of its ability to affect the achievement of the organization’s objectives. Some things might happen that will help and some that will interfere with our progress.

 

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How to address the risks and effects of workplace stress

Recently, global consulting firm Towers Watson partnered with the National Business Group on Health, seeking insight into the most pressing workforce issues facing employees. Compiled in the study Staying@Work, the results identified three top stressors: inadequate staffing, low pay or low increases in pay and unclear or conflicting job expectations.

 

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Why should I monitor IT effectiveness and how do I do it?

The two definitive studies by COSO identify monitoring as a critical component of internal control and risk management. Monitoring refers to both ongoing monitoring processes to ensure that a system functions as it is supposed to (including management and review aspects), as well as ad hoc special studies and audits to review the system…

 

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