About the Panelists Ron Hauben, JD, vice chair and general counsel at Ernst & Young LLP; Claudius B. Modesti, JD, partner at Akin Gump Strauss Hauer & Feld…
When Is a Business ‘Shielded’ from Financial Harm?
Impending New York State Law Imposes Stringent Requirements
I recently had a conversation with a prospective client about cybersecurity readiness. The client is a law practice, owned and run by a member of…
Operating against a backdrop of global volatility and economic uncertainty, with business and regulatory risks becoming more complex and challenging, audit committees will need to…
In Brief Auditors bear many responsibilities to their clients, but they also have a duty to uphold the public trust. The negative actions of clients…
ICYMI | Enterprise Technology Risk in a New COSO ERM World
Eight Challenges Facing Management
The release of the revised Committee of Sponsoring Organizations (COSO) Enterprise Risk Management—Integrated Framework could not have come at a better time for technology risk professionals and…
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released Enterprise Risk Management—Integrating Strategy with Performance in September 2017 to emphasize the importance of enterprise risk…
Rationalizing Fraud
How Thinking Like a Crook Can Help Prevent Fraud
In Brief The well-known fraud triangle framework includes three distinct components—perceived pressures, perceived opportunities, and rationalizations—but until recently very little was known about perpetrators' rationalizations.…
CPAs Acting as Interim CFOs
How to Manage the Risk
Imagine a hypothetical CPA, Franklin Connors, providing bookkeeping and tax services to an equally hypothetical fast-growing online retailer named Cats Eats, which sells gourmet pet…
Captive Insurance Companies
A Common Sense Approach to Improved Risk Management
Although many believe that captive insurance companies are a relatively new phenomenon, the captive insurance industry can be traced back to the 19th century. Today,…
ICYMI | Managing Risk at the Speed of Change
A New Risk Vocabulary and a Call to the Profession
Electronic commerce has changed the pace of business activity. One McKinsey estimate speculates that the current rate of change is 10 times that of the…
Enterprise Technology Risk in a New COSO ERM World
Eight Challenges Facing Management
The release of the revised Committee of Sponsoring Organizations (COSO) Enterprise Risk Management—Integrated Framework could not have come at a better time for technology risk professionals and…
Risk management procedures are intended to protect a company's long-term viability amid dynamic markets and regulatory changes. In today's economy, companies face a rapidly growing…
Over the last several years, audit committees have fine-tuned their oversight relative to internal controls and financial reporting, but as this process has matured, many…
Governance, risk management, and compliance (GRC) represents a coordinated approach to achieve efficiencies in an organization's activities of corporate governance, risk management, and compliance with…