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By Norman D. Marks, CPA, CRMA | 2 Minutes Read September 21, 2022

A twist on risk appetite

The standard definition of risk appetite is “the amount of risk you are willing to take in the pursuit of objectives”.

Article by Norman D. Marks, CPA, CRMA / Finance and Accounting / compliance, cyber breach, cyber risk, Internal Controls, reputational risk, return on investment, risk, risk appetite, safety risk Leave a Comment

By Norman D. Marks, CPA, CRMA | 6 Minutes Read August 24, 2022

Upgrade to effective GRC

I joke about what GRC means. Apart from the IIA (who talk about governance, risk, and controls), everybody knows that the acronym stands for Governance, Risk Management (or ERM), and Compliance.

Article by Norman D. Marks, CPA, CRMA / Business, Finance and Accounting, Information Technology / Business, compliance, governance, GRC, GRC strategy, Internal Controls, risk, risk management Leave a Comment

By Norman D. Marks, CPA, CRMA | 3 Minutes Read April 20, 2022

Is there an effective risk culture?

digital discriminationIf you want to promote effective management, de-emphasize independence and have the CRO report to the CEO with access to the board. Then hold the CEO (not the CRO) accountable for the effective management of risk and opportunity.

Article by Norman D. Marks, CPA, CRMA / Business, Finance and Accounting / compliance, employee empowerment, organizational culture, risk, risk and opportunity, risk culture, risk management Leave a Comment

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