Auditing an organization’s governance and ethics: We have no universally accepted definition of the word “governance.” The Institute of Internal Auditors (IIA) defines corporate governance as “the combination of processes and structures implemented by the board to inform, direct, manage, and monitor the activities of the organization toward the achievement of its objectives.” While many organizations throughout […]
Why Is Integrated Reporting Important For Sustainability? It was soon realised that sustainable development goals which require long-term planning and a cooperative approach could not be achieved with the decisions and practices of the state only. Accordingly, the notion of corporate sustainability, which was defined for sustainable development for macro-scale states, in parallel with micro-scale […]
As part of their business processes, organisations should aim to: Identify opportunities to achieve efficiencies Identify what good looks like Evidence and inform cost and quality trade-offs Measure impact and track pace of change ‘Best value requires an authority to secure continuous improvement in the way in which its functions are exercised, having regard to […]
How does a small company become successful? Despite the bad news we so often hear about the number of small businesses closing or moving, the news really isn’t all that bad: Thousands of small businesses startup every year, and a good percentage of those companies have learned what it really takes to survive the early […]
There is a close relationship between core competence and competitive advantage because both of these provide an edge to the company over other companies in their field by distinguishing them from their competitors. There are several areas that companies can focus on to get an advantage over their competitors. Companies can stand out from the rest when […]
Financial Risk Managers (FRM) receive accredited by the Global Association of Risk Professionals (GARP). FRMs specialize in assessing risk for major banks, insurance companies, accounting firms, regulatory agencies, and asset management firms. FRM certification requires passing a two-part exam and completing two years of work experience in financial risk management. An FRM identify threats to assets, earning capacity, or […]
