On October 27, 2022, The Association of Federal Enterprise Risk Management (AFERM) in conjunction with Guidehouse released the results of the eighth consecutive survey of federal agencies on their Enterprise Risk Management (ERM) efforts. This piece looks at the survey results. Continue reading
In 2015, the California Legislature passed the State Leadership Accountability Act (SLAA). The act updated previous legislation. The purpose of SLAA was to broaden the reporting requirements to operational and programmatic activities. It reemphasized the responsibility of management to establish and maintain effective systems of internal controls. It also set up bi-annual reporting requirements and included risk assessment as part of the internal controls. Continue reading
On July 29, 2022, the International Financial Reporting Standards (IFRS), issued a draft report on Climate Related Financial Reporting. This piece looks at the draft and its relationship to Enterprise Risk Management (ERM). Continue reading
Every year for over twenty years, the World Economic Forum has conducted a Global Risks Perception Survey. The 2023 survey was conducted between September 7 and October 5, 2022. The responses are from over 12,000 business leaders in 21 countries.
In the survey, Global Risk is defined as “the possibility of the occurrence of an event or conditions which, if it occurs, would negatively impact a significant portion of global GDP, population, or natural resources.” (1) Continue reading
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get it, we all love the “easy” button. Whether it’s ordering groceries for delivery today, household items for delivery tomorrow, or a ride to the airport via a tap on your phone, we’ve gotten used to convenience and simplicity when it comes to solving problems. Continue reading