Risk management consultancy and training services
When George Bernard Shaw stated: “We learn from history that we learn nothing from history” he was pretty accurate. What I had hoped, however, is that the lessons of the Global Financial Crisis (GFC) would prevent the risk taking approach to financial due diligence that led to the meltdown of the global economy. It was with interest, therefore, that I
Read MoreOver the last few years I have worked with many organisations with varying degrees of outsourced/contracted services. I support this approach – if it isn’t core to the achievement of your objectives or if the expertise resides outside of your business then outsourcing is positive. The purpose of this blog, however, isn’t to discuss the merits or otherwise of outsourcing
Read MoreWelcome. Today I’m going to talk about the long-term risks of short-term fixes. And this is really quite an issue for a number of organisations both in the public and the private sector. What we find often when we have an event or we start to see some issues within the organisation, we look to either divert money from something
Read MoreOkay - maybe I am about to open a can of worms here - but I think that RBIA may be a misnomer. Don't get me wrong, I am a firm believer in the internal audit program being aligned to the risk management program - in fact neither will be as effective if they are not intrinsically linked. My argument
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"The concept of "inherent risk" is impossible to measure or even define. The idea of looking at risk absent of all hard controls, soft controls or mitigations provides little or no useful information in most cases." Todd Perkins Lately I have seen a resurgence in the use of the term “inherent risk” and it has annoyed me enough to write this
Read MoreOkay –this might be controversial – but as a risk management professional – I truly dislike the risk management definition. There I said it!!!!!!! I believe the effect of uncertainty of objectives has actually created uncertainty within the risk management fraternity since its release in 2009. Let’s break it down: The effect of uncertainty on objectives. Effect is defined as
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