Risk management

With economic uncertainty, a pandemic, and concerns around race and equity topping daily headlines, existing initiatives to transform and innovate across people, processes and technology have become more amplified.

The Institute of Internal Auditors has updated its Three Lines of Defense Model to emphasize more active forms of risk management and governance.that go beyond merely defensive moves by the internal audit function.

The Institute of Internal Auditors and the International Federation of Accountants are calling on audit committees to be vigilant about risk management, performance, controls and processes during the COVID-19 pandemic.

The pandemic is introducing changes — potentially significant ones — to the SOX compliance process.

As companies struggle to survive in an increasingly complex and threatening environment, the role of management accountants has become ever-more critical, according to IMA president and CEO Jeff Thomson.

But relatively few audit execs are actually performing reviews of critical risk areas such as health and safety.

Accountants and finance pros have led in formulating strategy, anticipating risk and determining the best course of action to move forward.

There are things you can do to give your firm as much of an advantage as possible in a highly dynamic business world.

The Financial Reporting Council issued guidance Tuesday about the disclosure of risks surrounding the coronavirus, and is discussing with audit firms whether the virus will affect their ability to review audits in China.

The Committee of Sponsoring Organizations of the Treadway Commission is releasing new guidance on its widely used ERM Framework.