The COSO Framework for Internal Control
February 12, 2025
What Happens when Senior Management is Itself Unethical It is often the practice in organizations that whenever new recruits are being on-boarded, they are required to attend sessions on ethics and values. These sessions cover the need for ethical and transparent behavior by the employees and usually, someone from the compliance team or the senior […]
Credit default swap is the most commonly known derivative which is based on swaps. However, it is not the only one. There are many types of swaps that are used for managing credit risk. In this article, we will have a look at the total returns swap which is commonly used in credit risk management. […]
Organizational structure is the driving force behind the performance and growth of the organization. For an organization to achieve success and competitive advantage, it is highly important that there should be complete alignment between the organizational structure and the strategic goals of the organization. A properly coordinated organizational structure improves the flow of information and […]
To bring Maslow’s need hierarchy theory of motivation in synchronization with empirical research, Clayton Alderfer redefined it in his own terms. His rework is called as ERG theory of motivation. He recategorized Maslow’s hierarchy of needs into three simpler and broader classes of needs: Existence needs- These include need for basic material necessities. In short, […]
Leadership When Faced with a Perfect Storm of Collapsing World It would not be an exaggeration to say that we are in the midst of a slow motion collapse of our systems and the world in general. Whether it is climate change that is threatening our way of life or excessive debt and extreme inequality […]
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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