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02 Nov 2011
RISK MANAGEMENT weakness could be combated by boards "getting a better grip" on overseeing the threats to their business, according to internal controls experts.
Speaking at the recent European Confederation of Institutes of Internal Auditing conference, David Landsittel, chair of corporate governance thinktank COSO, said: "Both management and board members are not satisfied with board oversight of risk management and, as a result, pressure is mounting from regulators and others to continue to enhance board oversight processes."
Further reading
Richard Chambers, head of the Institute of Internal Auditors, echoed him, saying strong risk management and internal controls are essential for long-term success.
"Internal audit is the last line of defence to ensure global assurance on internal governance to the corporate boards," he concluded.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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