Detecting Compliance Failures in Unmanaged Processes

2012 ◽  
pp. 385-404 ◽  
Author(s):  
Yurdaer N. Doganata
Keyword(s):  
Risk Management ◽  
Business Process ◽  
Internal Control ◽  
Business Processes ◽  
Internal Controls ◽  
Risk Exposure ◽  
Control Points ◽  
Management Framework ◽  
Risk Management Framework ◽  
Enterprise Risk

The importance and the challenges of detecting compliance failures in unmanaged business processes is discussed, and the process of creating and verifying internal controls as a requirement of enterprise risk management framework is explained. The effect of using automated auditing tools to detect compliance failures against internal control points in unmanaged business processes is investigated. Risk exposure of a business process due to compliance failures is analyzed, and the factors that affect the risk exposure of a business process are evaluated.

Social Technology: An Integrated Strategy and Risk Management Framework

2018 ◽  
Vol 33 (2) ◽  
pp. 129-153 ◽  
Author(s):  
Margarita M. Lenk ◽  
John Peter Krahel ◽  
Diane J. Janvrin ◽  
Brett Considine
Keyword(s):  
Risk Management ◽  
Balanced Scorecard ◽  
Business Processes ◽  
Field Investigation ◽  
Social Technology ◽  
Accounting Firms ◽  
Management Framework ◽  
Risk Management Framework ◽  
Enterprise Risk ◽  
Technology Strategies

ABSTRACT Accounting firms, corporations, and nonprofits use social technology to attract and develop employees, manage business intelligence, innovate business processes, engage clients, customers, and members, and disseminate information to investors and regulators. Despite its benefits, social technology's unique reach and speed create new risks for managers, accountants, and auditors. Based upon prior research and modifications to Kaplan and Norton's (2004) balanced scorecard and the COSO (2017) Enterprise Risk Management framework, we develop an Integrated Social Technology Strategy and Risk Management Framework to model risk management during strategy selection and implementation. A field investigation involving three large accounting organizations supports the framework's representativeness for the accounting profession. This research identifies significant benefits, risks, and effective risk management controls for social technology strategies, from governance to monitoring activities. These results suggest this framework's potential usefulness to managers, auditors, consultants, and researchers examining how social technology can provide value to organizations.

Developing and implementing the risk management framework into business processes of Gazprom transgaz Tomsk Ltd., for implementation of the Eastern gas program of PJSC Gazprom

2020 ◽  
Vol 17 (1) ◽  
pp. 68-77
Author(s):  
V. E. Zaikovsky ◽  
A. V. Karev
Keyword(s):  
Risk Management ◽  
Human Resources ◽  
Management Information System ◽  
Business Processes ◽  
Project Success ◽  
Management Information ◽  
Timely Manner ◽  
Project Approach ◽  
Management Framework ◽  
Risk Management Framework

Project success depends on the ability to respond to risks and make correct decisions in a timely manner. The project approach provides a better framework for implementing a new management system into the company’s business processes. The risk management framework developed by the company comprises a risk management infrastructure, a set of standards, human resources, and a risk management information system. To improve staff compliance, it is necessary to provide training and to communicate the goals of the project effectively. It is also important to develop a motivation system because well trained and motivated staff are able to work more efficiently.

Internal Control Frameworks and Its Relation with Governance and Risk Management: An Analytical Study

2021 ◽  
Vol 39 (11) ◽  
Author(s):  
Mahammed Adil Mohammed ◽  
Thamer Kadhim Al-Abedi ◽  
Hakeem Hammood Flayyih ◽  
Hussein Ali Mohaisen
Keyword(s):  
Risk Management ◽  
Internal Control ◽  
Analytical Study ◽  
Effective Management ◽  
Management Framework ◽  
Risk Management Framework ◽  
Control Framework ◽  
The Subject ◽  
And Control ◽  
Governance Risk

This study aims at searching in different editions of internal control frameworks and its relation with governance and risk management by dividing the study into three themes. The first one includes studying each framework in terms of the concept of internal control, elements and goals and what makes it different form the latter. The second concerns the relation of internal control with governance and the importance of what it provides to economic unity. The third one and the last regards the relation of internal control to risk management framework and what economic unity will achieve if it managed its risks properly through presenting a number of academic studies that dealt with the subject of the study. The design of this paper depends on reviewing literature during the period (2012-2019) and analyzing results concluded by these literatures concerning the study of internal control framework and its relation with governance and risk management. The study concluded that economic unity cannot achieve its goals and maintain success without an effective management of risks, control and governance. Board of directors and administration both need each other to apply governance, risk management and control effectively.

scholarly journals UPRAVLJANJE RIZICIMA I INTERNA REVIZIJA

2021 ◽  
Vol 9 (1) ◽  
pp. 48-57
Author(s):  
Zorica Jović
Keyword(s):  
Risk Management ◽  
Internal Audit ◽  
Basic Element ◽  
Security Measures ◽  
Management Framework ◽  
Internal Auditors ◽  
Consulting Services ◽  
Risk Management Framework ◽  
Enterprise Risk ◽  
And Control

People undertake risk management activities to identify, assess, manage, and control all types of events or situations. This can range from a single project or narrowly defined types of risk, for example, market risk, to the threats and opportunities faced by the organization. Organizations are under pressure to identify all business risks they face - social, ethical, and environmental risks as well as financial and operational - and to explain that they are being managed at an acceptable level. Risk management is a basic element of corporate governance. Management is responsible for establishing and operating the risk management framework on behalf of the board. A company's risk management brings many benefits that result from its structured, consistent, and coordinated approach. The key role of internal auditors concerning enterprise risk management should be to assure the effectiveness of risk management to management. When an internal audit extends its activities beyond this key role, it should apply certain security measures, including treating engagements as consulting services and applying all relevant standards. In this way, an internal audit will protect its independence and the objectivity of its assurance services

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