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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.
Get your downloadable electronic copy.
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.
View our complete coverage of the 2019 federal budget. We have tax highlights, an insightful federal budget analysis as well as video interviews with our experts.
May 22, 2019
Explore important emerging technologies in accounting, business and finance at this must-attend conference for senior leaders. Connect with peers, experts and pioneers on best-fit technology solutions for your clients or organization.
September 23, 2019
Canada’s dynamic, must-attend CPA event of the year is heading to Montréal with the theme of innovation for sustainability.