Going Beyond Risk Levels

Posted on Jul 20, 2014

Some are satisfied with knowing whether the level of a risk is high, medium, or low. I think a far better assessment, one more attuned with running the business, is whether the risk is at an acceptable level. 

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Time for Internal Audit to Graduate

Posted on Jul 14, 2014

The audit committee is charged with oversight of financial reporting, the external auditor, other financial risks, and sometimes but not always enterprise risk management. 

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Board Oversight and Insight

Posted on May 30, 2014

I see the board providing two broad areas of value to an organization and its owners: oversight of management, providing assurance to the owners and other stakeholders that management is running the organization effectively and in the interests of those stakeholders; and, insight – helping the management team with the selection of strategies and their execution that create value.

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