Erick O. Bell, a Senior Manager at Deloitte Financial Advisory Services LLP, presents a detailed internal control checklist that outlines 5 anti-fraud strategies companies can use to deter, prevent, and detect fraud.
In a recent Deloitte online poll of business professionals across various industries, 37.5 percent say they are at least as concerned and 18.2 percent say they are more concerned about their company becoming a target of securities litigation as they were two years ago.
GRC assessment and execution is a critical mandate for international businesses – even in a tough economy.
John Verver, Vice President of Services and Product Strategy for ACL Services, discusses the important of effective data analytics, and how it can provide a path to an integrated approach between audit and GRC.
by Denny Beran, John Polarinakis, and Debra Moore — J.C. Penney
In today’s business environment, there are several ways an organization can help to ensure they are setting the right tone and imbedding processes into their day to day operations to help manage corporate risks. Some of these include:
– Completing an Enterprise-wide Risk Assessment to help ensure the organization has identified the major risks for their business and compensating controls are in place to manage these risks.
– Maintaining a strong Internal Audit function that is risk-based and focusing on the major strategic risks of the organization.
– Conducting a Fraud Risk Assessment and establishing fraud awareness programs.
– Establishing an effective ethics hotline reporting process.
Internal audit and risk management all all levels of business function, it would seem, are a perfect match. Beth Karlin recently wrote an article that describes the conditions that are freeing internal audit teams for enterprise-wide risk assessment.
