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Learn how integrating risk management and internal control throughout your organization is more beneficial than a stand-alone function in this informative IFAC thought paper.
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With the increased volatility of today’s business environment, risk management has taken on greater importance. While some organizations have created stand-alone risk management functions, this approach can impede rather than facilitate good decision-making and execution.
From Bolt-On to Built-In: Managing Risk as an Integral Part of Managing an Organization* contends that risk management and internal control are everyone’s responsibility. When these functions are integrated throughout the organization and properly implemented, they are more cost-effective and require less effort when dealing with detrimental events.
This document positions risk management and internal control as a highly relevant and useful process for decision and execution. The insights apply to all organizations, regardless of size or structure, private or public, that want to improve risk management.
*This International Federation of Accountants (IFAC) publication has been reproduced with permission of IFAC.
November 22, 2018
CPA Canada’s annual financial literacy conference is a must-attend for those who want to learn how to improve the financial health of Canadians.
October 1, 2018
The ONE is Canada’s must-attend, multi-track CPA event of the year. Stay at the top of your game with future-focused sessions, thought-provoking keynotes, prime networking opportunities and a first-class exhibition floor.
October 15, 2018
Stay up-to-date on critical indirect tax issues and network with other indirect tax professionals at Canada’s largest and longest-running indirect tax event.