Services: Enterprise Risk Management

Risk Management is on the Rise at Not-For-Profit Organizations

2023 State of Risk Oversight Survey Results By Amy Wares, CPA, MBA, Enterprise Risk Management Specialist Managing risk is more challenging than ever. New research reveals that not-for-profit organizations are responding by expanding their risk management practices. On July 11, 2023, the Enterprise Risk Management (ERM) Initiative at NC State University published the 14th edition…

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How ERM Helps Organizations Navigate Their ESG Journey

ESG (Environmental, Social, and Governance) frameworks provide a sustainable approach to doing business. Existing ERM tools can help support these efforts.

Optimize Risk Management Efforts with Enhanced Collaboration

To some extent, all business functions are responsible for managing risks. However, certain departments have direct responsibilities in risk management, such as Internal Audit, Enterprise Risk Management (ERM), and Fraud Risk Management. Integrating and fostering collaboration between these functions can result in more effectively addressing risks and protecting against fraudulent activities. This is particularly critical…

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Mac Lillard Receives AICPA’s Technology Advisory Standing Ovation Award

June 12, 2023 GRF CPAs & Advisors (GRF) Senior Manager, Mac Lillard, CPA, CITP, CFE, CISA, CRISC, was honored for his significant contributions to the accounting profession at the 2023 American Institute of CPAs (AICPA) & Chartered Institute of Management Accountants (CIMA) Engage conference last week in Las Vegas. He received AICPA’s 2023 Technology Advisory…

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Best Practices for Mitigating Risk in Expense Reporting Platforms

Expense reporting platforms have simplified the review and approval processes, making it easier to submit documentation for payment. However, this convenience can also lead to less stringent review of submitted documents and opportunities for changing electronic receipts. As a result, organizations need to implement best practices to reduce the risk associated with these reporting systems….

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How Internal Audit Can Support Whistleblower Investigations

Do you know if an employee is stealing from your company?  Quite often, the first hint of a problem comes from an insider tip. Having a comprehensive whistleblower program in place is a powerful early warning mechanism for identifying potential fraud or misconduct. If you have an internal audit function, you already have the tools…

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