Enterprise Risk Management
The AICPA Enterprise Risk Management (ERM) website provides resources to enable AICPA members to add value to their organization and client ERM initiatives.
NC State’s ERM Initiative, in partnership with the American Institute of CPAs, just released its 2017 The State of Risk Oversight: An Overview of Enterprise Risk Management Practices. Based on survey responses from 432 business executives spanning a number of industries, types and sizes of organizations, the report provides detailed insights about the state of maturity of their organization’s current state of enterprise risk management (ERM) practices. This is the eighth year that NC State has conducted similar research in partnership with the AICPA.
Key Issues Being Discussed in the Boardroom and C-Suite, summarizes the top risks that executives and board members see on the horizon for 2017 and it provides an analysis of top risk concerns across a number of industries and sizes of organizations, and executive positions. The report is a reminder of the need to devote more resources to risk management and risk oversight given the complexities and risks within the global business environment.
The U.S. Government Accountability Office (GAO) issued its revision of Standards for Internal Control in the Federal Government September 2014. Starting fiscal year 2016 it sets the standards for an effective internal control system for federal agencies. An entity uses the Green Book to help achieve its objectives related to operations, reporting, and compliance.