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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
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Free
E-book: 100 Job Descriptions in Risk and Compliance Management
Join the International Association of Risk and
Compliance Professionals (IARCP). Membership is Free
www.risk-compliance-association.com/How_to_become_member.htm
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Reading Room
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Systems Risk and Compliance Professional (CISRCP)
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Become a member of the International Association of Risk and
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news, alerts and opportunities. You can register below:
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
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