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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.
This event has multiple dates and locations. See event details for more information.
Tune into this two-part webinar to learn about the rapidly evolving sustainability landscape. Hear about recent developments in sustainability reporting and assurance standards and regulatory requirements, and the implications and opportunities for CPAs.
October 17, 2023
If you work for a public sector body in accounting, finance or leadership, this is the event for you. Learn how to successfully navigate the unique challenges facing every level of government.
October 23, 2023
Learn about critical policy issues, legislation updates and other technical trends at Canada’s largest and longest-running indirect tax event. For 2023, we are offering options for in-person and virtual attendance.