risk management
Risk versus risk sources
It has been quite a busy week, so I've not been able to write for the blog. I have, however, been reading a lot. While it was not primarily on my agenda, this …
risk
risk management
Risk and contextual limitations
The risk management context often lacks clear boundaries One of the challenges of risk management is that its context is for all practical purposes unlimited. …
Stream of Consciousness
Is goal management in a public sector environment relevant?
Just finished a discussion with a friend on whether it's possible to do goal management in a public sector environment. But before we go into that, perhaps I …
risk management
Just managing your risk impacts is rarely a good idea
Risk impact management complements risk exposure management Managing risk impacts is a common practice among risk practitioners. It is a recognized approach …
Stream of Consciousness
Conducting a multi-location risk analysis for audit planning purposes in a small audit shop
The baseline As CAE of a small audit shop in a complex environment, I have to comply with the IIA standards like any other CAE. The performance standard for …
Stream of Consciousness
The advantages of risk and evidence based reengineering
I've expanded on a post I wrote for my old reengineering blog in 2010. Enjoy! I’ve seen a lot of failed reengineering attempts. There are a lot of reasons why …
Stream of Consciousness
Why sum formulas better reflect the risk appetite in calculating risk levels
How to determine a risk profile and calculate a level of risk? Introduction This is a significant rewrite and a first time write-up in English of an article I …
Stream of Consciousness
Reducing the effort of risk based internal audit planning
Risk based internal audit planning The IIA's standards require us to prepare a risk based internal audit planning. However, if risk assessment and management is …
Stream of Consciousness
Working with inherent and residual risk
The internal audit perspective To an internal auditor, a risk analysis is relevant because it provides information on the priorities within an audit universe. …
Stream of Consciousness
The impact of simplification on residual risk
Red tape increases risks Red tape is likely to lead to increases in residual risk profiles of organizations. These organizations are overburdening their …