COSO has published a PwC-authored update to its framework, the first in over 20 years, which gives you an opportunity to refresh your controls for today's environment.
On May 14, 2013, COSO published an updated Internal Control-Integrated Framework and related illustrative documents. This Dataline highlights noteworthy updates to the Framework, summarizes the purpose of the illustrative documents, and highlights key considerations for clients.
10Minutes on conflict minerals provides insight into the strategic benefits and risks companies will want to focus on as they comply with the SEC's conflict minerals rule. The rule is effective for 2013 calendar year operations, so regardless of whether companies view conflict minerals as a supply chain opportunity, risk to their brand or another regulatory to-do, they should act now to prepare.
Companies are reconsidering their risk thinking and approaches, but they’re also transforming to align with changing market imperatives—and in the process, exposing themselves to multi-directional risks.
PwC's Risk Assurance Group invites you to attend this webcast to find out what companies can do to enhance their business processes by using an approach to maximize the use of the SAP system.
This edition of 10Minutes outlines key points from PwC’s 2012 Annual Corporate Directors Survey that illustrate how boards are working to improve their oversight.
In the wake of recent natural disasters, CBI has new approaches to modeling and risk assessment. Principles based reserving (PBR) for life products will require many insurers to take a fresh look at their systems, processes, data and governance for both pricing and valuation. read the first two sections of the 2013 edition of Top Issues, which PwC will release in its entirety in March.
Foreign Account Tax Compliance Act (“FATCA”) was enacted as part of the Hiring to Restore Incentives (“HIRE”) Act. FATCA was enacted with a primary goal of providing the Internal Revenue Service (“IRS”) with an increased ability to detect US tax evaders concealing their assets in foreign accounts and investments.
Find out what companies can do to be as prepared as possible for the next natural disaster or business interruption that impacts their organization. Join PwC for a complimentary webcast, which will compliment a new paper being released in early January on the importance of a comprehensive business continuity management (BCM) program.
Many organizations are surprised and frustrated to learn that just implementing SAP GRC Access Risk Analysis does not resolve your SOD/SA issues. We hope you can join PwC for this webcast so that we can share ideas on how you can optimize your ruleset from both a compliance and risk perspective.
The acquisition of a business can have a significant impact on both the risk exposures and risk management strategies of the combined entity. In many cases, an acquirer’s financial risk exposure will increase as a result of the acquisition. However, there may be situations in which the acquiree’s operations reduce the acquirer’s current risk exposure. In any event, identifying potential changes in enterprise risks, creating an action plan to address them, and managing changes to risk management strategies post-acquisition are critical to developing short- and long-term solutions for integrating financial risk management considerations in an acquisition.
Companies that pursue growth must take on risk. The latest article in our Growing Your Business series for private companies looks at the top risks flagged by private companies, discussing how adopting less-traditional forms of risk management can keep shocks to the system from derailing corporate strategy and undermining growth.
Mortgage fraud reports rose 31% in 2011, costing the industry $3 billion as fraudsters have changed their target from loan origination to default servicing, loan modifications, short sales, and property liquidations. Mortgage companies need to change their mortgage fraud prevention strategy.
Environmental and social issues are posing greater commercial risks than ever. In this 10Minutes we'll explore what's changing and how companies can take a more forward-looking risk approach.
PwC invited independent directors from the boards of mutual fund complexes to discuss issues facing the industry, including new and forthcoming regulations, adopting leading-edge practices in risk management and valuation, conducting effective contract review processes and improving the effectiveness of boards.
Regulatory changes present an opportunity for property and casualty (P&C) and life insurance companies to reexamine and risk management strategies, processes, and infrastructures for measuring performance and analyzing risk.
Companies need to protect the integrity of their supply chains to avoid damage to their reputations. In this report, we outline strategies for environmental and social issues in the supply chain. A resilient supply chain requires combining both ‘play not to lose’ and ‘play to win’ strategies.
The second quarter 2012 'Current Accounting and Reporting Developments' webcast held on June 20, 2012 included a discussion by PwC's Don Keller on key considerations related to bribery and corruption issues in companies. This segment of the webcast is now available for podcast download.
Companies with a global footprint, especially those expanding into new and unfamiliar territories, would be remiss if anti-corruption compliance wasn’t moved closer to the top of their priority list. The elements of a successful anti-corruption strategy start with a corporate-wide framework which should evaluate and address all of the entity's vulnerabilities. It is essential that a risk assessment be performed to identify areas of potential risk -- in all geographic regions, industry sectors, and lines of business.
This financial services sector analysis of PwC's 2011 Global Economic Crime Survey examines the current fraud landscape, taking a close look at who is committing economic crime, what new types of fraud are emerging and how they can be addressed.
Companies everywhere are rethinking risk management in the light of new market realities, according to PwC’s 2011 global risk survey, which also breaks down results by region.
An integrated approach to managing risk and business performance can help companies systematically link risk and reward to avoid the pitfalls of operating in a volatile global economy. Listen to Joe Atkinson, Leader of PwC's US Risk practice, to learn about the 5 stages for truly integrating risk and performance to achieve risk resilience in your organization.