Sarbanes-Oxley: Does management provide the board with the information needed to oversee the risk management process effectively?

Assign a sox system representative who will ensure that the management system processes are implemented and maintained. In addition, registered external auditors must attest to the accuracy of your organization management assertion that internal accounting controls are in place, operational and effective, similarly, although the management of a company is Read more…

Operational Risk Appetite: Are risks evaluated in the context of your organizations strategy and operations?

Your risk appetite should reflect quantitative and qualitative risk thresholds that would be considered harmful to your organization e.g, organizations require complete situational and holistic awareness of risks across operations, processes, transactions, risk management is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources Read more…