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 […]
In this session I want to talk about the risk breakdown structure and how we use it to assist us to identify risk within our organisation. If you are a large organisation, it would be a great challenge for you to walk into a risk workshop and say “right, what are our risks?” We need […]
Over 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 […]
I’m often asked why I do these face-to-face courses; it definitely is a big ask. I do 25-26 courses per year – week on, week off – and I go to every part of the country.This year, I may also be taking the course overseas. It does take a lot out of me. So, what […]
Transcript: Today’s topic is talking about current controls. Now, these are like the red-headed step children of risk management. We tend to ignore the current controls that we have in place within an organisation to deal with risks that might occur. Over time within organisations, things have happened, events have happened. It might be fraud, […]
Transcription: In this session I’m going to talk about consequence. In particular, how do we analyse consequence so that we can incorporate it into our risk register so that it’s meaningful. I’ve come across many organisations who believe that what we need to put into our risk register is the worst case scenario in terms […]
In this session I want to talk about linking your risk management program to your compliance program. I know it’s an area that a lot of organisations struggle with. First of all, let’s talk about your compliance program and what it involves and how you can actually make it more effective. The first thing we […]
Welcome. 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 […]
Rod Farrar, director of Paladin Risk Management Services discusses risk. What it is, how it can be managed, and why your business or organisation needs Risk Management training.
Is Risk Based Internal Auditing (RBIA) the “Right” Term or should it be Consequence Based Internal Auditing (CBIA)?
Okay – 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 […]