Last week, the Corporate Governance Council in Singapore released Risk Governance Guidance for Listed Boards. This is an exceptional product of value to boards of all organizations, their executives and risk practitioners. 

Next week, I will be sharing my experience with risk management frameworks and standards at the ISO 31000 conference in Paris. The session title is “From COSO to ISO” although my personal journey actually started before either. 

Four individuals with a strong pedigree in risk management have collaborated on The Future Role of Internal Audit in (Enterprise) Risk Management. 

When you drive, and assuming you are a prudent driver, you slow down when the visibility on the road ahead gets worse — because you don’t want to drive faster than you can see. But when the visibility improves and you can see the road ahead with clarity, you will speed up. 

What are the risks that could cause the demise, or at least a significant drop in the share value of an enterprise? Are those risks given significant attention by the board, executive leadership, risk management, and audit professionals?

Yesterday, I attended a meeting of the National Association of Corporate Directors and heard some excellent guidance from an experienced panel of directors on board effectiveness.

Okay, we have another report that talks about how corporate governance failed and led to major issues for financial institutions — with recommendations for fixing the system.

OK, it’s time for a rant. And this one is sure to upset some people. For some time, thought leaders (such as PwC and certain individuals within our profession) have been talking about the need for "balance" in the audit plan. For example, I just read this from an IIA paper: “Internal audit plans are reflecting much more balanced coverage among operational, financial, and compliance risks than was in evidence for much of the past decade.”

I recently read how more than half the CAEs in a survey planned to move into a management role, perhaps in the next two years or so. Doesn't that present a significant risk to their independence and objectivity? 

A new report from KPMG’s Audit Committee Institute asks this intriguing question, with a focus on the work of the audit committee.