A Collection of Solid Guidance on Risk Management

Posted on Jan 31, 2011

The Conference Board of Canada has brought several risk management experts together, and they contribute articles on a variety of important topics, in the first issue of Risk Watch: Thought Leadership in Risk and Governance. You can access it here.

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Continuous Auditing: Putting Theory Into Practice

Posted on Jan 28, 2011

One internal auditing topic that has been of great interest to me over the years is that of continuous auditing. I believe that the technique offers a great opportunity for internal auditing to move to the next level of service and value to its stakeholders – providing them with the assurance they need, when they need it.

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What Were Norman's Most Popular Personal Blogs in 2010?

Posted on Jan 25, 2011

2010 saw a nice increase in the number of page views and visitors to my personal blog on Governance, Risk Management, and Internal Audit. In all, there were just over 33,000 views. (By comparison, my Internal Auditor Online blog had 74,500 views.)

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Assessing the Effectiveness of Governance - How Effective Is the Board?

Posted on Jan 24, 2011

The IIA Standards require internal auditors to assess the effectiveness of their organization’s governance processes. It’s an understatement to say this is a challenge

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A Point of View on Board Oversight of Risk Management - From SpencerStuart

Posted on Jan 19, 2011

In December, SpencerStuart (an executive search firm that has publishes excellent governance-related studies) released a special issue of Point of View. It focuses on "today's board agenda" and has several articles worth reading. One is on board oversight of risk management (it starts on page 33).

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A Word From the GRC Guru on 2011: His Gripes and Expectations

Posted on Jan 19, 2011

Michael Rasmussen, perhaps the most respected and influential individual when it comes to GRC, has written an interesting blog: GRC 2011: Gripes and Directions.

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COSO Publishes Two New Papers on ERM. How Valuable Are They?

Posted on Jan 17, 2011

COSO has released two new risk management thought leadership papers (see the press release). The first provides practical guidance on establishing a de novo risk management function. The second discusses key risk indicators (KRI).

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Culture Drives Performance

Posted on Jan 14, 2011

This is so true — and highly relevant for all executives and managers, including those in internal audit and risk management.

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Deloitte Studies Proxy Disclosures on Risk. Are Findings a Surprise?

Posted on Jan 11, 2011

Deloitte has released the results of an interesting review of proxy disclosures relating to risk management. Their report is called Risk Intelligent proxy disclosures: Transparency into board-level oversight.

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My Top 10 Priorities for Improving Internal Auditing

Posted on Jan 6, 2011

Dan Swanson recently posed the question, "Where should IA focus its efforts over the next 1-2 years?" This was my reply.

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