CHAPTER 2.RISK MANAGEMENT, INTERNAL CONTROLS, AND FRAUD PREVENTION
Controllers of public and private companies are likely to be responsible for the internal controls framework and processes for their organization. An internal controls program should be developed and updated to address the external and internal risks that may affect the organization. This chapter covers best practices in the following areas:
| Chapter 2. Risk Management, Internal Controls, and Fraud Prevention |
| Risk Management: A Necessary Focus for All Types of Organizations |
| What Types of Risk Need to Be Managed? |
| Sixty Percent of Organizations Face Greater Risk in 2016 |
| Risk Management Models |
| Best Practices Tips: Take a Proactive Approach to Risk Management |
| Six Tips for Using Scenario Planning to Avoid Risk |
| How to Ensure Success With Scenario Planning |
| Case Study: How One Controller Uses Scenario Planning |
| Internal Controls: Why Are Entity-Level Controls Important? |
| Benefits of Entity-Level Controls |
| COSO Internal Control—Integrated Framework |
| Types of Entity-Level Controls |
| Example of an Entity-Level Internal Controls Questionnaire |
| The Controls Self-Assessment (CSA) Model |
| Internal Controls for Privately Held Companies |
| CEO/CFO Quarterly Internal Control Certification |
| Adopting a Governance, Risk Management, and Compliance (GRC) Blueprint |
| GRC Convergence |
| Technology for GRC Solutions |
| GRC Journey Roadmaps |
| Continuous Controls Monitoring (CCM) and Auditing Processes |
| Sarbanes-Oxley ... |
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