Risk

Businesses in all industries are facing disruptive change, and how they respond to the change is critical. Companies who don’t develop a sound understanding of the new normal and/or don’t react quickly and appropriately won’t fare well. Jim DeLoach discusses the importance of embracing change and adapting accordingly.

This 9-page paper from My Compliance Office outlines the key steps you must take when constructing requirements for a modern and dynamic third party risk management solution.

Inappropriate risk management implementation leads to project failure; this article discusses the major reasons and possible solutions associated with those failures. Preventing ERM failures involves adopting an internationally recognized standard such as ISO 31000, which is built on the most relevant best-practice scenarios from organizations worldwide and is general enough to reduce or eliminate bias.

There is an increasing use of offshore jurisdictions by third-party vendors to elude taxes and hide illegal or unethical conduct, including bribes and kickbacks. When a vendor has offshore ties, there’s the possibility of compliance problems. Learn the three steps to take to reduce risk.

Fostering a culture of risk in your organization isn’t as hard as it seems, but Risk Managers may need to dispel with some misconceptions on how it’s done. International thought leader Alex Sidorenko offers guidance on how to integrate risk management into day-to-day operations and build a strong risk culture.

PwC’s latest paper explores the implications of iXBRL and related technologies, including potential benefits for public companies, as well as risk considerations and how to mitigate them.

It’s critical that businesses maintain a strong risk management and internal control infrastructure. Adi Agrawal, SVP and Chief Audit Executive at OCC, shares how and why his company uses the “three lines of defense” model. The benefits extend well beyond protecting the company from litigation and reputational harm; in fact, its resiliency is in the best interest of the greater...

Most organizations have embraced more than one software platform to automate their critical business processes. Should you leverage an existing platform for your next applications or invest in a new one? This paper provides some guidelines.

Many companies these days are implementing automated due diligence systems, and it’s no wonder why: the government’s expectations in terms of third-party risk management are on the rise. Unresolved red flags will be a problem, as will questionable data. The best way to avoid a DOJ or SEC enforcement action: a robust due diligence program.

As enterprises continue to outsource more aspects of their operations to third parties, they expose themselves to more shared risk. This new guide from Rsam outlines key features that you should look for in a VRM solution.

Enhancing any key business function is a wise decision, but risk management is particularly critical. Driving continuous improvement there could make your organization more agile and better prepared to manage surprises. And it could position the firm as an industry pacesetter. Jim DeLoach makes a strong case for improving enterprise risk management.

Landmines are everywhere in the compliance industry. And the fact is, many are linked to simple human fallibility. But what if you can take some of the human factor out of your reporting processes? This article discusses some of the ways automation can reduce compliance risk and offers tips for choosing the right solution.