The COSO Framework for Internal Control
February 12, 2025
A resume is also known as CV or curriculum vitae. Resume is an influential and credible summary of an individual’s employment qualifications. There is no standard format for a resume. It gives an idea to the reader that how you can be an asset to their organization. A resume should be: – Neat– Have factual […]
One of the thorny issues facing senior management in many organizations is the debate over grooming leaders from within and then appointing them to the top posts versus brining in leaders from outside and then making them the CEO. The debate is not confined to a particular country and occupies the energies of corporate leaders […]
Market risk and volatility are two terms that are heard a lot by many risk management professionals. To the layman, the terms may sound like synonyms. This means that the average person tends to think that volatility and risk mean the same thing. However, this is not true. The terms are related and have a […]
Many organizations turn to virtual teams to reduce operational costs, faster problem solving and innovate. Depending on the temporal distribution, lifespan, objective and role of members, virtual teams can be classified into the following 8 categories. This article looks at each type of virtual team in greater details. Examples are provided wherever possible to aid […]
A loss distribution approach is a common approach followed by risk management practitioners in order to identify and evaluate the possible risks that they are likely to face in the due course of business. The loss distribution approach has actually been designed by the actuarial practitioners who work in the insurance industry. It is for […]
Various organizations have laid down principles for risk management. There are risk management principles by International standardization Organization and by Project Management Body of Knowledge.
The Project management body of knowledge (PMBOK) has laid down 12 principles. This article carries an amalgamation of both PMBOK and ISO principles. The various principles are:
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