Todd Davies & Associates » Integrated Audit

GRC – the great risk contraversy

Todd Davies — Fri, 18 Jul 2008 09:13:48 +0000

It seems that my piece in the June edition of Risk Management Magazine caused some contraversy, and even drew a letter to the editor from the President of the Risk Management Institution of Australia. This is all healthy debate as it forces us to assess whether learned approaches are still relevant, or whether we’re just keeping a wary eye on the deckchairs (while forgetting to look out for icebergs).

To see the rebuttal, have a look at page 3 of the July edition of Risk Management Magazine here. And to see the original article which caused the contraversy, click here for page 3 fo the June edition. (Now locked down, here’s the web version).

For more information on how strategy, risk, governance and assurance come together, please click here.

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Enterprise Governance – bringing strategy, risk, governance and assurance functions together

Todd Davies — Sun, 08 Jun 2008 04:56:29 +0000

Silos. It’s a word that can fill you with dread if your responsible for the governance of an organisation, yet they keep on appearing. Organisational theory is currently aguing for matrix structures, but if you’ve ever tried to run one you’ll know that shared accountability without the right tools is the same as no accountability at all. Silos are alive and well.

TDA has track record in brining these functions together for greatest impact. We can help to ensure:

Duplication between assurance functions is minimused
Assurance programs are focused on what really matters
Risk management has a top-down view of strategic risks
Emerging risk capability informs the strategy and risk functions
Strategic risk insight informs the strategy process
Strategy drives capability development

To find out more, contact us.

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Advisory Services

Todd Davies — Fri, 26 Oct 2007 00:50:36 +0000

Todd Davies & Associates helps leading companies take their governance, risk and assurance functions to the next level. Typical outcomes from projects include:

Clarity and unity of vision and sponsorship by internal stakeholders
Clarity of responsibility between the various assurance, risk and compliance functions
Efficiency in delivery
Optomisation of risk and assurance coverage
Increased risk-sensing ability
Streamlined implementation with minimal false-starts

In short, bigger bang for buck and more engaged and satisfied stakeholders.

Please click on a link below to find out more about the type of work we typically get involved with.

Vision

Enabled by High Performing Teams

The Virtual Chief Audit Executive
Getting the most out of internal audit sourcing
Coaching for rising stars
Getting the right staff on board

Powered by Leading Practices

Internal audit transformation
Audit committee best practices
Assessing the adequacy of your risk framework
Understanding GRC software solutions
Strategic risk and emerging risk capability
Stress testing your risk profile
Compliance with the ASX Corporate Governance Council Principles and Recommendations

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