Risk Management

To win without risk is to triumph without glory. Pierre Corneille (1636AD)

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Today’s business environment requires highly qualified risk functions with the flexibility to address a continuously changing risk profile. Mitigation of risk contributes to maximize the effectiveness of business processes. A few articles, books and presentation on Risk Management are presented below. Risk & Reward – Balancing Ethics, Risk & Entrepreneurship The Association of Chartered Certified Accountants (ACCA), UK conducted a survey on ethics, risk and entrepreneurship. They have conducted an electronic interview from various respondents including me. The interview is presented here for the readers. An Introduction to Enterprise Risk Management COSO and CAS Frameworks for enterprise risk management, risk categories, risk identification, risk universe development, risk analysis tools, risk prioritization and risk treatment strategies are discussed in detail in this presentation. At the end, ERM maturity model is discussed. To download this presentation, click here. ERM Case Studies Implementation of enterprise risk management in fast-moving-consumer-goods (FMCG) and banking sectors is discussed in detail in this presentation. Practical aspects of credit, operational, liquidity and currency risks are described in detail. *To download this presentation, click here.* Internal Control Evaluation This presentation describes the project life cycle of an internal control evaluation project. The procedures related to risk assessment, business process and internal control documentation, risk & control matrices, internal control testing, and monitoring of internal control are discussed in this presentation. *To download this presentation, click here.* Internal Audit Effectiveness Conducting fraud investigations, red flags, internal audit planning, risk assessment, developing audit program, internal control evaluation, audit fieldwork, working papers development, and internal audit reporting is explained in this presentation in detail. *To download this presentation, click here.* ERM Implementation under COSO Framework Concern for risk management is increasing in recent years. A series of high-profile business scandals and failures in United States and other countries around the globe prompted a need for a robust framework to effectively identify, assess and manage risks. This article shares the experience of author regarding ERM Implementation under COSO Framework. *To download this article, click here.* Components of Information Systems Audit An information systems audit is composed of nine components. This presentation graphically depicts these components including: Risk Assessment Review of Automated Application-level Controls Review of controls at Operating System, Network and Database level Review of controls at Systems Development Life Cycle (SDLC) Review of Physical Access Controls Review of Business Continuity / Disaster Recovery Management Review of General IT Controls Penetration Testing Pre- and Post-Implementation Reviews for ERP Implementations The companies may decide to conduct either all of these components or a selection out of them according to their requirements. *To download this presentation, click here* Implementation of ERP Systems in Oil Refineries Over recent years the acquisition, implementation and use of Enterprise Resource Planning (ERP) Systems have become a standard feature of most companies around the globe. This article focuses on ERP implementation specifically in refining industry and highlights the issues faced by implementers in this industry. *To download this article, click here.*
مصنف کی دیگر تحریریں قرآنی عربی پروگرام / سفرنامہ ترکی / مسلم دنیا اور ذہنی، فکری اور نفسیاتی غلامی / اسلام میں جسمانی و ذہنی غلامی کے انسداد کی تاریخ / تعمیر شخصیت پروگرام / قرآن اور بائبل کے دیس میں / علوم الحدیث: ایک تعارف / کتاب الرسالہ: امام شافعی کی اصول فقہ پر پہلی کتاب کا اردو ترجمہ و تلخیص / اسلام اور دور حاضر کی تبدیلیاں / ایڈورٹائزنگ کا اخلاقی پہلو سے جائزہ / الحاد جدید کے مغربی اور مسلم معاشروں پر اثرات / اسلام اور نسلی و قومی امتیاز / اپنی شخصیت اور کردار کی تعمیر کیسے کی جائے؟ / مایوسی کا علاج کیوں کر ممکن ہے؟ / دور جدید میں دعوت دین کا طریق کار / اسلام کا خطرہ: محض ایک وہم یا حقیقت / Quranic Concept of Human Life Cycle / Empirical Evidence of God’s Accountability