Defining a clear corporate purpose and rigorously paying attention to long-term value creation can help executives make difficult choices. People talk about integrating risk management into ...

Subjectivity plays an important, yet dangerous, role in risk management. By its very nature, subjective perspectives are held in the mind of the beholder, and, as a result, are dependent on the ...

SUCCESSFUL BUSINESSES TAKE CALCULATED RISKS to achieve objectives. Companies must measure these risks, try to minimize them and—if possible—use them to their advantage. The CPA—as internal or external ...

Fifth Third Bank has been in business since 1858 and has been successful over this span of years by effectively balancing risk and return. We take risks every day delivering products and services to ...

Any objective will have multiple associated risks. How can you aggregate multiple sources of risk to reach a final assessment? One of the problems with traditional risk management, which relies ...

A new model for governance and risk management issued Monday by the Institute of Internal Auditors (IIA) makes major updates to the Three Lines of Defense model that has been popular for years. Called ...

2020 was a wake-up call for many of us. In a year marked by disruption and uncertainty, businesses faced many unique challenges. And as businesses navigated these challenges, the idea of resilience ...

We promote appropriate internal controls and adherence to Cortland policies. Always striving to work with teams across the campus, together we will focus on process improvements to lessen risk ...

Effective risk management strategies allow you to identify your project's strengths, weaknesses, opportunities and threats. By planning for unexpected events, you can be ready to respond if they arise ...