GOVERNANCE, RISK & COMPLIANCE: Blogger and contributing writer Eric Krell supplies the Business Finance community in-depth articles and commentary examining governance, risk, and compliance. He also writes for many other business-trade and consumer magazines. Eric loves his home base of Austin, Texas, as well as reader feedback.
Business process and internal control failures happen in entities of all types and sizes. Whether intentional or accidental, most failures are caused by human error, which is why it is critical to focus on the people aspect of any project.
Richard Chambers, president and CEO of The Institute of Internal Auditors speaks to Business Finance editor in chief Jack Sweeney about the growing number of risks facing boards and audit committees during a recession.
Specialist software firms continue to make a strong case for selective investments. Survivors of the tech freeze will be around for some time to come as the economy thaws.
A new study from Aon found that 62 percent of companies have progressed beyond basic ERM practices compared to 38 percent in Aon's 2007 study. However, misconceptions about risk management remain. This useful list of readings can correct any false impressions.
GRC functions managed to avoid the major budgeting cuts some other departments suffered, according to a new survey. The poll of compliance professionals found that 75 percent of companies either kept compliance spending even or increased it in 2009 (compared to 2008).
At John Deere, the company creates an ethical culture by not only focusing on tone at the top but also on actions, which it calls the "the how," John Deere chairman Bob Lane said in a recent column.
There are four high-level areas within the risk management function that could use improvement, Accenture's 2009 Global Risk Management Study found. Among these, companies need to focus on the breadth and quality of risk information organizations collect.
The U.S. educational system is failing low-income students, according to Deloitte's 2009 Education Survey, which can have long-term repercussions for businesses.
Many treasury pros' lists of New Year resolutions for 2010 will include an inspection tour of their anti-fraud fortifications. The outlook on the payments front is good, but even low-risk payment processes may need a bit of shoring up.
