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Inside Internal Controls

News and discussion on implementing risk management

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strategic risk management

CEOs are not idiots when it comes to risk management

If you consider the small number of organizations where risk management is considered as providing a strategic advantage, one of these alternatives must be true:

 

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Scratching the surface on Facebook and its problems

​Facebook Data Exposure Offers Critical Lesson for Internal Auditors makes some good points, including:

 

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Assessing the effectiveness of your risk management program

The IIA has published a new Practice Guide, Assessing the Risk Management Process. In IIA-speak, this is recommended but not mandatory guidance for its members.

 

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Those lists of greatest risks all miss the BIG one

When something goes wrong, 99.999999% of the time it’s because somebody made a poor decision (at least in hindsight). The risks associated with a poor decision could have major ramifications.

 

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A management risk committee

A question from a follower of this blog on the same topic, had me searching for the charter of the risk committee I established, with the strong support of the CEO, at Business Objects.

 

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The current state of risk oversight: Useful or useless?

All the surveys, including this one, report that executives do not believe risk management practices at their organization are making a significant contribution to the development and execution of their strategies.

 

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