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International Association of Risk and Compliance Professionals (IARCP)
Member Benefits                                                                   
How to Become a Member                                                  
Certified Risk and Compliance Training                   
Reading Room
Certified Risk and Compliance Management Professional
Certified Information Systems Risk and Compliance Professional
About Risk                                                                                 ► The Role of the Risk Officer                                               
   ► Credit Risk                                                                                 Risk Officers and Jobs                                               
Market Risk                                                                                Risk Books  
   ► Reputational Risk                                                                       ► Risk Management Websites          
Operational Risk                                                                        Contact Us 
 
 
 
Welcome to the Portal for the Risk Officer
 
First of all, thank you for visiting our pages. We hope that you'll find a lot of useful information. 
 
The importance of internal control and risk management
After the Sarbanes Oxley Act in the USA, the Basel ii Accord in more than 100 countries and the Turnbull guidance in the United Kingdom, the risk officers have become more important.
 
 A company's system of internal control has a key role in the management of risks that are significant to the fulfilment of its business objectives. A sound system of internal control contributes to safeguarding the shareholders' investment and the company's assets.

Internal control facilitates the effectiveness and efficiency of operations, helps ensure the reliability of internal and external reporting and assists compliance with laws and regulations.

Effective financial controls, including the maintenance of proper accounting records, are an important element of internal control. They help ensure that the company is not unnecessarily exposed to avoidable financial risks and that financial information used within the business and for publication is reliable. They also contribute to the safeguarding of assets, including the prevention and detection of fraud.

A company's objectives, its internal organisation and the environment in which it operates are continually evolving and, as a result, the risks it faces are continually changing.
 
A sound system of internal control therefore depends on a thorough and regular evaluation of the nature and extent of the risks to which the company is exposed.
 
Since profits are, in part, the reward for successful risk-taking in business, the purpose of internal control is to help manage and control risk appropriately rather than to eliminate it.
 
All employees have some responsibility for internal control as part of their accountability for achieving objectives.
 
They, collectively, should have the necessary knowledge, skills, information, and authority to establish, operate and monitor the system of internal control. This will require an understanding of the company, its objectives, the industries and markets in which it operates, and the risks it faces.
 
The risk officers must coordinate this effort. Good risk officers make a real difference in any organization.

 
 
We will discuss about...
 
Risks
 
What is risk? Visit our About Risk page.

 
The Role of the Risk Officer
 
You may visit our page about The Role of the Risk Officer

 
Risk Officers and Training
 
You may visit our page about Risk Officers and Training

 
Risk Officers and Certification
 
You may visit our page about Risk Officers and Certification

 
Risk Officers and Jobs
 
You may visit our page about Risk Officers and Jobs

 
Risk Books
 
You may visit our page about Risk Books

 
Credit Risk
 
You may visit our page about Credit Risk

 
Market Risk
 
You may visit our page about Market Risk

 
Operational Risk
 
You may visit our page about Operational Risk

 

Free E-book: 100 Job Descriptions in Risk and Compliance Management

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Join the International Association of Risk and Compliance Professionals (IARCP). Membership is Free
www.risk-compliance-association.com/How_to_become_member.htm

Benefits for Members:
www.risk-compliance-association.com/Member_Benefits.htm

Reading Room
www.risk-compliance-association.com/Reading_Room.htm

Certified Risk and Compliance Management Professional (CRCMP)
www.risk-compliance-association.com/Distance_Learning_and_Certification.htm

Certified Information Systems Risk and Compliance Professional (CISRCP)
www.risk-compliance-association.com/CISRCP_Distance_Learning_and_Certification.htm

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www.risk-compliance-association.com/Privacy.htm

Become a member of the International Association of Risk and Compliance Professionals (IARCP). Membership is Free. You will receive a monthly newsletter with risk and compliance management news, alerts and opportunities. You can register below:

Become a member and receive monthly updates, news, alerts and opportunities
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Distance Learning and Online Certification programs from the International Association of Risk and Compliance Professionals (IARCP)
www.risk-compliance-association.com/Distance_Learning_and_Certification.htm
 
The Cost: US$ 297

What is included in this price:

A. The official presentations we use in our instructor-led classes
 
B. Up to 3 Online Exams
 
C. Personalized Membership Certificate printed in full colour.
Processing, printing, packing and posting to your office or home

 
Certified Risk and Compliance Management Professional (CRCMP) -
Distance Learning and Online Certification Program
 
Certified Information Systems Risk and Compliance Professional (CISRCP) -
Distance Learning and Online Certification Program
 
To learn more:
www.risk-compliance-association.com/Distance_Learning_and_Certification.htm