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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.
It’s said that a crisis brings out the best in people and, in most cases, that’s true. But there is a dark side to tough times, as fraudsters prey on people who are uncertain and looking for easy answers.
March 18, 2020
The federal government’s actions and fiscal support to address the widespread and devastating economic fallout of the COVID-19 pandemic are welcomed by Chartered Professional Accountants of Canada (CPA Canada).
Listen to this special edition Practitioner’s Pulse webinar where we answer some frequently asked questions around practice management issues and some key financial reporting and auditing implications of COVID-19.