Need an approach to align strategy and performance with Fraud & Compliance risk management?
February 17, 2017 BY iTGRC Asia Ptd Ltd.
Every entity— whether for-profit, not-for-profit, or governmental—exists to provide value for its stakeholders.
Integrating enterprise risk management throughout an organization improves decision-making in governance, strategy, objective-setting, and day-to-day operations, and some to overcome fraud and compliance risk. This is a published Executive Summary document from COSO. You may consider, with discretion Click here to download.
We found this approach commendable and with ease of adoption. Few of our clients have chosen to adopt COSO framework (2016 Edition) to support their business strategy in Fraud and Compliance management.
We have been appointed as their third-party advisor to weather them through defining the five fraud risk management principles into their business environment. We further refine the 17 controls to upscale/implement them into an (ICS) internal control system or compliance program most relevant to their business context today.
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