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Risk Management
ISO 31000 - Overview and implications for managers: A
concise and easy to read overview of the new international risk
management Standard, highlight some of the changes and providing
useful tips for transitioning to ISO 31000.
Source: InConsult
ISO 31000 will revitalise risk management: A
brief overview of the new ISO 31000 Standard and implications for
organisations.
Source: InConsult/Council Manager
Strengthening Enterprise Risk Management for Strategic Advantage:
COSO has issued a new paper that highlights elements of ERM for
board and senior management consideration as they re-examine their
approaches to risk oversight.
Source: COSO
No Worries:
Are you managing your company's risks as well as you want to? If
so, you're among the very few.
Source: CFO.com
Governance
& Compliance
ASIC's focus for 31 December 2009 accounts:
As part of ASIC’s ongoing commitment to build confidence in the
integrity of Australia’s capital markets, ASIC released suggested
focus areas for entities preparing their 31 December 2009
financial reports.
Source: ASIC
Corruption threatens global economic recovery:
As the world economy begins to register a tentative recovery and
some nations continue to wrestle with ongoing conflict and
insecurity, it is clear that no region of the world is immune to
the perils of corruption.
Source: Transparency International
Financial Services
Proposed amendments to enhance APRA's powers over insurers:
Draft legislation has been released for public consultation that,
if passed, will substantially enhance the Australian Prudential
Regulation Authority's power in respect of regulated entities,
with the intention of strengthening the authority's ability to
manage a financial sector crisis.
Source: Allens Arthur Robinson
Positioning Australia to be regional HQ for global insurers:
There is scope for more global insurance companies to use
Australia as their regional headquarters, according to a
government appointed panel, the Australian Financial Centre Forum
(AFCF).
Source: The Treasury
Bank Risk Control: Still Weak: The
Bank for International Settlements has summoned top financial
executives to Switzerland to discuss concerns that banks have
returned to excessive risk taking, incited by cheap and ample
funding from central-bank measures to keep markets liquid.
Source: CFO.com
Risk
Management in Practice
Managing risk is everyone's business at Penn State:
Just mentioning the word 'risk' makes some people nervous. Risk is
something that few beyond the world of poker or sky diving are
willing to take on.
Source: Penn State
ERM Without Tears: Whilst
there is increasing recognition of the importance of risk
management, there are a number of common pitfalls to be avoided.
Source: InConsult/Local Government Magazine
Plague attack: an international bioterrorism tabletop exercise:
INTERPOL has just released details of an international
bioterrorism tabletop exercise that took place in late September
2009. Participants in the Black Death scenario were faced with a
fictional, intentional plague attack involving countries from
their region.
Source: Continuity Central
Zero-risk approach 'would kill outdoor guiding':
The outdoor guiding industry needs to make greater efforts to
control hazards.
Source: NZ Herald
Can
we help?
If you have any risk management, governance, internal audit or
business continuity matters you would like to discuss, contact
InConsult on 02 9241 1344 or email your query to
info@inconsult.com.au.
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Update
WELCOME:
We recently welcomed a number of new clients to InConsult and
GuardianERM.net:
Upcoming
Events
22 February 2010:
Implications in transitioning from AS/NZS 4360:2004 to AS/NZS ISO
31000:2009
Presented by the University of
Technology Sydney and
Standards Australia,
this seminar provides a concise, timely opportunity to understand
the implications of the new Risk Management Standard, as well as
its challenges and implementation issues. Presenters include
Kevin Knight, Chair of the ISO 31000 Risk Management Standard
working group...more
GuardianERM.net
is
ISO 31000 Ready
GuardianERM.net is a complete Governance, Risk, Compliance and
Audit system (GRC+A) ready to help you implement the new ISO 31000
Risk Management Standard. If you would like to find out more,
click here or
contact InConsult to arrange a demonstration or trial.
Business Continuity and Resilience
Corporate data loss is a widespread problem which most
organizations respond to inadequately:
78% of organizations experienced a data loss incident at their
workplace in the last two years.
Source: Continuity Central
The art of effective exercising:
A business continuity plan can only be considered to be truly
effective if the content and the components of the plan have been
exercised.
Source: Continuity Central
US issues new guidelines for risk management in IT system
security, authorization:
A revised set of guidelines for authorizing government information
technology systems for operation focuses on implementing a risk
management process and caps a three-year effort to harmonize IT
certification and accreditation (C&A) across the civilian, defence
and intelligence communities.
Source: Government Computer News
Internal
Audit
Ten to-do's for audit committees in 2010:
The key issues that should be at the top of the audit committee
agenda in the coming year.
Source: Continuity Central
As Internal Audit Staff Shrinks, Will Fraud Rise? A
new study finds that compliance staff haven't escaped layoffs,
leaving companies more exposed to risk.
Source: CFO.com
Financial
Management
A Risk Top 10 for 2010:
Strategic change management heads a new ranking of risk hot
spots. After the economic turmoil of 2009, CFOs could be forgiven
for trying to relax a bit. But the New Year will offer plenty of
reasons to stay awake at night, according to a new survey by the
Corporate Executive Board (CEB).
Source: The Economist
Occ Health, Safety & Environment
Guidelines for Writing Work Method Statements in Plain English:
Work Method Statements are required to meet the legal OHS
requirements. This guide will help you prepare a Work Method
Statement in Plain English.
Source: WorkCover NSW
Government
Managing Risk in Government: An Introduction to Enterprise Risk
Management:
This US based report explores how federal chief financial officers
(CFOs) and financial managers can help guide their agencies to
take a more holistic approach to risk management by implementing
an Enterprise Risk Management (ERM) system.
Source: IBM Centre for The Business of Government.
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