Are We Focusing on the Risks That Matter?

Posted on Apr 29, 2012

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?

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Do You Have the Board of Directors You Need?

Posted on Apr 20, 2012

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.

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Important Contribution to Corporate Governance by G30

Posted on Apr 16, 2012

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.

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The Absurd Notion of a Balanced Audit Plan

Posted on Apr 10, 2012

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.”

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Time to Face Facts About CAE Independence

Posted on Apr 2, 2012

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? 

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