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Ensuring that organizations are protected from breaches in control that may result from an empowered and innovative workforce has always been a top priority for executives.

In these dynamic times, effective employee management necessitates the application of resourcefulness and adaptability.  Organizations that function within highly competitive industries and cater to a diverse clientele heavily depend on the resourcefulness and originality of their personnel to seize competitive advantage and e

Hi Global Risk Community member,  

What does Governance, Risk Management and Compliance management look like across your business? Organizations will often approach GRC as a compliance band-aid rather than truly integrating it into their business. The lack of internal control management opens the door to heightened risk exposure. 

Join Fastpath host, Frank Vukovits, Principal Evangelist, and guest Michael Rasmussen, GRC Analyst and Pundit at GRC 20/20 Research for an upcoming Fastpath webinar:  

Enterprise Architecture (EA) denotes management best practice for lining up business and technology resources to realize strategic results, expand upon Organizational Performance and steer departments to achieve their core missions more successfully and achieve Operational Excellence.

Federal Enterprise Architecture Framework (FEAF) assists any agency of the Federal government achieve this through documentation and information that conveys a summarized outlook of an enterprise at various tiers of

This is a transcript of our recent interview with Frank Vukovits, Director of Strategic Partnerships at Fastpath about 

You can watch the original video interview here

Boris: Welcome to our Risk management Show interview with Frank Vukovits. Frank is a director of Strategic Partnerships at Fastpath, which is the leader in audit, compliance and security solutions for mid market companies. Frank, thank you for taking your time and coming to our interview today.

Frank: Great to be here. Thank you

Center stack displays have developed from the early days of a small screen with a few keys and arrows to becoming the main way of displaying important vehicle information to drivers and passengers. The center stack display may contain a wide range of interactive content, like navigation, cabin temperature controls, and music or entertainment information.

This display typically receives input from the header panel, which is directly connected to the high-speed interface. These displays have a comp

The blows keep on coming for Wells Fargo. Within a year of their cross-selling scandal, two more scandals have risen to the top of news headlines.

In part one of this series, I set out to make good on a prediction I presented to business journalist L.A. Winokur. I predicted that after the dust settled for the original cross-selling scandal, Wells Fargo would remain vulnerable in other areas of its operations, lest they address the gaps in their risk management program.

In the time it took me to ex

In a recent interview I had with business journalist L.A. Winokur regarding the Wells Fargo cross-selling scandal, I made a prediction: “Once the dust of this scandal settles, perhaps in two or three years, Wells Fargo will remain vulnerable in other areas of its operations to risk management failures.”

Low and behold, the only part I didn’t get right was the timeline. In less than a year of paying $185 million in penalties, the largest fine ever levied by the CFPB, the bank finds itself in headl

Jeanette Franzel, board member of the Public Company Accounting Oversight Board (PCAOB), recently spoke at the American Accounting Association (AAA), according to The Wall Street Journal. She says audit-oversight inspections show a twenty percent increase (since 2013) in internal-control deficiencies of company audits. Inspections also indicate that 36 percent of company audits now have internal-control deficiencies, which constitutes a threefold increase from five years ago.

Franzel indicated th

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its Internal Control – Integrated Framework document all the way back in 1992 to assist publicly traded organizations adhere to the Sarbanes-Oxley Act (SOX) Section 404. COSO considers internal controls to be an integral part of enterprise risk management (as does LogicManager), and as such, any changes to the Internal Controls best practices has a direct effect on organizations with Enterprise Risk Management p

First, what is Sarbanes-Oxley (SOX) 404 compliance? It is the legal requirement for public companies that senior management state that their company's financial reporting is accurate. Sounds simple? The expense and the value are all in the execution. How is that done? Simply put, the flow of information from the financial reports themselves is traced and connected to the activities that generate that information and the resources that are depended upon to generate that information. That sounds l

In this challenging environment, board members and management executives are striving to maintain their tight grip on costs while maintaining a proper focus on enterprise-wide risk.

Jack S. Dybalski is Vice President and Chief Risk Officer at Xcel Energy. He will be a key speaker at the marcus evans 5th Annual Enterprise Risk Management Conference taking place in from March 19-21, 2012 in Chicago, IL.

Jack Dybalski is the Vice President and Chief Risk Officer of Xcel Energy based in Denver, Colora

CIS-Partners, a consulting firm specializing in compliance strategies for the pharmaceutical industry, wrote an article entitled, “Don’t Get Burned”. The main focus of this article is to discuss how organizations are shifting to third-party vendors and in turn, how internal auditors need to respond to the risks associated with this process.

View article here: http://www.cis-partners.com/downloads/RiskWatch_June2011_Don'tGetBurned.pdf

CIS-Partners is a sponsor of the upcoming marcus evans Life Sc