5 reasons why internal auditors need to attend #RAW2020

Risk Management Awareness Week from 12 to 16 October 2020 is a perfect place for internal auditors to learn. Risk Awareness Week RAW2020 brings some of the leading risk management researchers and practitioners to your computer or mobile phone. It is designed to raise awareness about risk management application in planning, forecasting, budgeting, construction, investments… Continue reading 5 reasons why internal auditors need to attend #RAW2020

G31000 Risk management maturity assessment

The G31000 Risk Management maturity model is designed to assist organizations on the road to embed risk management into all activities throughout the organization, including decision-making. It defines levels of maturity against which an organization can measure its current status and identify actions for continual improvement. The overall scoring system is based on a detailed questionnaire linked directly to identified sub-components for all the elements of the risk management framework and is mapped to a 3-level risk maturity scale.

G31000 Risk management maturity model

The G31000 Risk Management maturity model is designed to assist organizations on the road to embed risk management into all activities throughout the organization, including decision-making. It defines levels of maturity against which an organization can measure its current status and identify actions for continual improvement. The overall scoring system is based on a detailed questionnaire linked directly to identified sub-components for all the elements of the risk management framework and is mapped to a 3-level risk maturity scale.

Mentoring package for risk practicioners

Mentorship package for new or young risk managers, which includes express audit of your corporate risk management documentation, including policy and framework (NDA can be signed if required) and online benchmarking to test your company’s risk management maturity, alignment with ISO 31000 principles and identify any improvement opportunities

Practical ideas: Update existing policies and procedures to include elements of risk management

Most modern-day risk managers are familiar with developing a risk management framework or procedure documents. These documents capture risk management roles and responsibilities, outline risk management processes as well as other aspects of risk management.  Risk management framework documents became so common, that nowadays they don’t require much effort to develop and there are plenty… Continue reading Practical ideas: Update existing policies and procedures to include elements of risk management

Practical ideas: Reinforce the “no blame” culture

Risk managers should encourage employees to openly raise risk management related issues. This is possible by spending a considerable amount of time every day communicating with their colleagues and staying up-to-date on the latest developments and emerging risks or failures in the internal control system. Share the risk manager’s contact information with employees or provide… Continue reading Practical ideas: Reinforce the “no blame” culture

Practical ideas: Include risk items on Board’s agenda

This next step is very important to reinforce strong risk culture within the organisation. There are various ways of including risk discussion on the Board’s agenda, however we believe that it is more effective to spend fifteen minutes on risk matters at every meeting than an hour once a quarter or a day once a… Continue reading Practical ideas: Include risk items on Board’s agenda

I couldn’t resist drawing this picture in the morning

I couldn’t resist drawing this picture in the morning. This is all you need to know about current risk management best practices, COSO ERM 2017 and ISO31000 2018. Yes, the new standards/frameworks and best practices are BETTER than just doing a list of risks. And if it was 2005 I would be super excited. But… Continue reading I couldn’t resist drawing this picture in the morning

3 things to look for when auditing risk management

Alex Sidorenko from RISK-ACADEMY talks about three things to review when auditing risk management effectiveness in non-financial companies:   DOWNLOAD THE FREE RISK MANAGEMENT BOOK: https://www.risk-academy.ru/en/download/risk-management-book/ Watch more free risk management videos on RISK-ACADEMY youtube channel https://www.youtube.com/user/alexausrisk   – – – – – – – – – – – – – – – – – – –… Continue reading 3 things to look for when auditing risk management