Enterprise Risk Management — Integrated Framework : Any one of a variety of risks could threaten an organization’s success and lead to a decrease in stakeholder value, including: globalization, technology, demands for customized products and services, shifts in regulation, mergers and restructurings, accounting and reporting deficiencies, and complex financial instruments. Leaders must be aware of a holistic […]
Hazards A hazard can be anything – whether work materials, equipment, work methods or practices – that has the potential to cause harm. Risks A risk is the chance, high or low, that somebody may be harmed by the hazard. Risk assessment Risk assessment is the process of evaluating risks to workers’ safety and health […]
The fundamental role of internal audit is to assist management to attain organization’s goals. It also provides assurance that the management has implemented a satisfactory internal control system for risk prevention. In accumulating, internal audit provide internal consulting services to the whole organization in terms of facilitation, advices, training and counsels. According to IIA “Internal auditing is […]
