Talking about inherent and residual risk
Are organizations unnecessarily risk averse? That can be crippling in many ways, including slowing agility and decision-making as well as failing to take advantage of opportunities.
business risk
The essential competencies of an effective risk officer
I recently sparred gently with a good friend, a respected and influential risk practitioner and thought leader, about the key competencies necessary for a risk officer to be effective. He listed several competencies for effectiveness, saying that “without these competencies risk managers are useless to the business”.
How significant is the risk of fraud?
The best resource for understanding the level of fraud risk is the Association of Fraud Examiners’ (ACFE) annual Report to the Nations, their global study of occupational fraud and abuse. Their 2018 Report is now available and, as always, shares some useful and important insights. The ACFE analyzed 2,690 cases from January 2016 to October 2017 from around the world (48% from the USA, the rest evenly split among other regions).
