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End of year wrap

Friday, December 23, 2011
2011 was an amazing year for us and for our clients as we helped them get the most out of their risk and assurance functions. We gave advice to leading companies on their governance practices. We helped them make the case for an approach to integrated assurance. We saw through a categor ... the full story

GRC – The Great Risk Con revisited

Friday, December 23, 2011
“Use caution with Forrester Waves and Gartner Magic Quadrants.” Leading GRC Analyst. In 2008 I wrote a piece for Risk Management Magazine called (http://www.riskmagazine.com.au/article/governance-risk-and-compliance--the-great-risk-con-114845.aspx)GRC – The Great Risk  ... the full story

2012 Prophecy - The death of that great ponzi scheme - the industrial age

Tuesday, December 06, 2011
2012 is a year which comes up in a range of mythology as a period of great change. It seems everyone from the Mayans to the Mesoamericans and even Vishnu herself allude to a period of transition and renewal. Given my comments on black swans in the 2010 Christmas edition of this bulletin, I fig ... the full story

Failing to keep pace with change — the biggest risk of all

Tuesday, December 06, 2011
If you compare today’s stock exchange list with the same list from 10 years ago, you’ll see some big players missing. Some collapsed. Some lost relevance. Some lost value, and were gobbled up before their market value could be regained. The single thread in nearly all of these  ... the full story

Risk management – part of the problem or part of the solution?

Thursday, September 01, 2011
Todd Davies asks if a changing environment is a new norm – and explains how risk professionals can cope. Change is happening at a greater scale than ever before. We see it every day. This creates great uncertainty for the organisations that we serve, and should be a boon for us as risk pr ... the full story

Could internal audit have prevented the News Corp Scandal?

Monday, August 01, 2011
Viewpoint Could the internal audit team at News Corp have identified and clamped down on the illegal activities of their journalists? Todd Davies doesn’t think so. The News of the World scandal is causing ripple effects around the world, with commentators in Australia and abroad beginn ... the full story

Strategic Risk Management?

Friday, July 01, 2011
Opinion I’ve been deleting the word strategic from a lot of documents lately. And it’s assisting immensely. You see I’ve got this idea that the more times a person uses the word strategic, the more likely it is that the person is puffing or bluffing. In the risk and ... the full story

Two Steps Forward, One Step Back

Sunday, May 01, 2011
Why internal audit practice always lags and GRC snakeoil salesmen are alive and well I turned 40 recently. And my work is making me feel old. You see I’ve become that guy who says things like “back in the mid-90’s when we were rolling out CSA, we used to produce the ... the full story

Time to Mandate Internal Audit?

Saturday, April 02, 2011
Comment The Institute of Internal Auditors (IIA) has been campaigning for regulatory change in Australia for more than 10 years. Much of what they’ve been saying has fallen on deaf ears. Australia has one of the highest public exposures to listed shares as a result of mandatory s ... the full story

Reform required to ASX’s Principle 7?

Tuesday, March 01, 2011
Comment As the Australian Securities Exchange (ASX) Corporate Governance Council starts its regular review of the Principles and Recommendations, the Institute of Internal Auditors (IIA) has fired an early salvo on the need for change. Although we’ve learned a lot from the global finan ... the full story