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
Tag Archives: James Kline Ph.D.
#408 – ERM AND CLIMATE RISK – JAMES KLINE PH.D.
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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
#405 – WORLD ECONOMIC FORUM RISK ASSESSMENT REPORT – JAMES KLINE PH.D.
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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
#396 – ISO 9001 CERTIFICATION FIGURES – JAMES KLINE PH.D.
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Recently the International Organization for Standardization (ISO) released the 2021 certification numbers. Oxebridge Quality Resources did a good analysis of the 9001 numbers. This piece looks at the results from all the certifications and provides comparison in key certifications between China and the United States. Continue reading
#393 – CYBER SECURITY AND ENTERPRISE RISK MANAGEMENT – JAMES KLINE PH.D.
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In September 2022 the National Institute of Standards and Technology (NIST) issued NIST IR 8286C. (1) As the C indicates, this is the third such cybersecurity risk management standard issued by NIST. NISTIR 8286A and 8286B provide guidance to stakeholders on assessing and managing cybersecurity risk in conjunction with Enterprise Risk Management (ERM) processes. This piece looks at the guidance provided under NIST IR 8286C. Continue reading