First Reference Talks

Discussions on Human Resources, Employment Law, Payroll and Internal Controls

risk and opportunity

By | 5 Minutes Read

New ERM Guidance from COSO

Creating and Protecting Value: Understanding and Implementing Enterprise Risk Management is based on COSO’s 2017 update of its 2004 ERM Framework. Their intent is to explain how effective ERM can add value to an organization, and to give some guidance on how to implement or upgrade it.

By | 4 Minutes Read

A risk case study

I returned this week from a vacation in Mexico, including a day at the Copper Canyon. Our tour guide took about 20 of us down the mountain side to see some Tarahumara Indian homes. I decided that I wanted to come back ahead of the group, finding my way back up the path and steps to our hotel at the top. What might happen along the way? In other words, what would a risk manager put on a list or heat map?

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Established in 1995, First Reference Inc. (known as La Référence in Quebec) provides Canadian organizations of any size with practical and authoritative resources to help ensure compliance.

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