It is high time, the board members start considering the Environmental, Social, and Governance (ESG) risks. Why? Because they have financial consequences. According to a CDP report, 87% of the companies identify deforestation risks & out of them, 32% are already experiencing those risks. Also, according to Strategy&, a part of PWC network, in 2018,
Introduction As Clive Humby truly stated, “Data is the new Oil” for all the companies in the 21st Century. He was true in stating that because, data has indeed become one of the biggest resources today and, for organizations with tremendous data banks, it is a humongous task to protect their data from being stolen,
The introduction of technology is transforming businesses all across the globe, which is, therefore, creating an impact on auditing and accounting processes in measuring the performance of the organizations. Audit teams need to integrate technology with their auditing skills to remain effective and efficient in today’s business environment. The improvements in financial and audit technologies
Environmental shifts, unfair labor practices, corruption, and other sustainability issues have been increasing at an exponential rate and have become a major cause of concern for the organizations along with the financial targets. As organizations dive deeper into their sustainability and ESG issues they come to know that how much more they have to work
All compliance practitioners understand the need for risk assessments and do you know if you perform a simple Desktop Risk Assessment annually or more frequently while identifying and evaluating possible mishaps and consequences with a full worldwide risk assessment you ought to be in a sensible position to stay au fait with compliance problems. “If
In today’s globally connected environment, nations and organizations are facing a bigger threat named Cyber Espionage. It is an organized and deliberate cyber attack to gain unauthorized access to classified material for military or political gain. Such types of intrusions are done to shut down governments or military operations to create chaos at the global
In today’s globally connected business environment enterprises are dealing with vast amounts of unstructured data that is being compounded by the increasing number of ways to share this data. Due to this reason mainly both the employers and employees are failing to either understand or care about their responsibilities when it comes to data protection
The Wall Street Journal published a comprehensive article on 5th September 2019 regarding; U.S. PG&E’s Long Record of Run-Ins With Regulators, outlining PG&E long history of breaking the law with impunity. The Wall Street Journal identified repeated instances over 25 years in which PG&E misled regulatory authorities, withheld required information, didn’t follow through on promised
Dynamic risk assessment is a proactive method of risk management. In the ever-changing and disruptive business environment traditional risk assessment models which are mostly based on the impact and the likelihood. fail to recognize the interconnection among the risks and more effective risk mitigation actions. DRA enables organizations to have a deep understanding of the
Like other risks associated with an organization, cybersecurity cannot be dealt with in vacuum. Board and C-Suite must strike the appropriate balance between the security of the organization and managing and mitigating losses while maintaining profitability and sustainable growth in a competitive environment. Cybersecurity is a significant enterprise-wide strategy and risk issue that affects