Enterprise risk management (ERM) is a strategy that helps organizations better manage the risks they face. A sound ERM plan has three components: risk identification, risk assessment, and risk response. By implementing an ERM strategy, you can be more prepared for potential losses or disruptions in your business which will ultimately make for a strong […]
In the world of business, one cannot exist without a significant amount of credit. Companies need to be able to borrow money from banks and other lenders in order to pay for raw materials, machinery, and even small expenses. In order for a company’s financial situation to be evaluated properly, it must first go through
The post-pandemic world is about change on a planetary scale. It broke the supply chain and the efforts for globalization. Then ad recurring billion-dollar weather events and the rapid divestment from Russian oil after the invasion of Ukraine. Change isn’t just coming, it is already here! And that is where the Three P’s come in.
In the last few decades, there has been the emergence of entrepreneurs who want to do more than just make money at any cost. They want their business ventures to have a positive impact on society and the environment. With the global supply chain being all but destroyed by the pandemic, recurring billion-dollar weather events,
In business, assets are things you own that have value. Assets can be audited as either tangible or intangible. Tangible assets include machinery, structures, and raw materials while intangible assets could include a company’s reputation or patents. Valuing these assets is important because you need to know the worth of your company in order to
The problem is that many people don’t know what sustainable investing means. Sustainable investing is a type of investment that intends to protect the environment, in addition to making money for investors. This way, when you invest in sustainable companies, you are able to make your money work for both your future and the planet’s
The World Economic Forum’s Annual Meeting of the New Champions, better known as WEF IBC, brings together top-level leaders from all over the world in order to discuss and examine global political and economic issues. For this event, the forum gathers leading figures from government, business and academia to address pressing global challenges in a
A sustainability audit is a process that evaluates the performance of an organization in relation to its sustainable development goals. It can also be referred to as a “triple bottom line” assessment because it assesses how well the company performs in three areas: social, environmental, and economic. A triple bottom-line assessment typically includes an analysis
When it comes to predictive investing, model risk is one of those things that you need to be aware of. The risk of modeling is that you fail to see the forest for the trees. Model risk is about financial firms that use algorithms to measure and monitor market fluctuations and risks. They use big
An audit committee charter is a document that outlines the process by which audit related issues are identified, reviewed, and resolved. These issues can range from what types of auditors should be hired for different levels of risk to who oversees the auditor’s work. It also describes how an organization will deal with any findings