What we’re reading this week from the world of risk management.
Norman Marks: Deloitte predicts change for Internal Audit
Highlights and analysis of Deloitte’s new Chief Audit Executive survey, “Internal Audit at a Crossroads”.
Compliance & Ethics Blog: Jeff Foxworthy, Compliance, and Internal Audit
A fun piece on CCO and IA that takes off from Jeff Foxworthy’s redneck comedy routine.
CFO.gov: Enterprise Risk Management Playbook Released
“The Playbook and accompanying appendices are tools designed to help government departments and agencies meet requirements of the revised Office of Management and Budget Circular A -123. They are also designed to provide high-level key concepts for consideration when establishing a comprehensive and effective ERM program.”
GovInfoSecurity: HIPAA Audits: The Heavy Documentation Demands|
“New federal guidance designed to describe the processes in the current round of HIPAA compliance audits illustrates the massive amount of documentation demanded for these desk audits.”
Gartner: Hype cycle for Risk Management Solutions
“CEOs are squarely focused on improving their company’s RMS capabilities. In fact, a recent Gartner survey of CEOs noted that 65% believe that risk management investment and discipline maturity are falling behind. Even more (83%) see agility becoming increasingly important relative to risk management. In addition, 77% are concerned about new risks associated with digital business initiatives.” Also: Gartner appears to be moving away form the term “GRC”, adopting “Integrated Risk Management Systems (IRMS)”.
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