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RISK MANAGEMENT (TO ASSESS (EFFECTIVE (COMMUNICATION, REPORTING), RISK…
RISK MANAGEMENT
TO ASSESS
EFFECTIVE
COMMUNICATION
REPORTING
ENSURE REMUNERATION SYS
RISK TAKING BEHAVIOR?
RISK & INT CTRL METHOD
EFFECTIVE
COMPREHENSIVE
ILL-EQUIPPED
COMPETENCY
CAPABILITY
OVER-RELIANCE ON MGT
OPERATIONAL
RISK
OVER-DEPENDENCE
COMPLEX MODEL
NO PROPER STRESS TEST
MERE COMPLIANCE TO REGULATION
NOT CONSIDER UNDER-REGULATED RISK
RM LIFE CYCLE
IDENTIFICATION
ASSESSMENT
MITIGATION / CTRL
MONITOR & REPORT
RM FRAMEWORK
COSO
ERM
ISO 31000:2009
B. FULL REVIEW
CA
10
ASSESS CONTROLS
SUPPORT OBJECTIVES
INTEGRATE WITH RISKS
11
GENERAL IT CTRLS
DEPENDENCY
RELEVANCY
SECURITY MGT
TECH ACQUISITION
12
POLICIES & PROCEDURES
ESTABLISH
RESPONSIBILITIES
ACCOUNTABILITIES
TIMELINESS
CORRECTIVE ACTION
REASSESS
RA
6
SET OBJECTIVES
OPERATION
EXT RPTING
EXT NON-FIN REPORTING
INT REPORTING
COMPLIANCE
7
CONSIDER ALL RISKS
DEVELOP & IMPLEMENT CTRL
8
ASSESSMENT OF FRAUD
9
ASSESS CHANGES
EXT ENVIRONMENT
BIZ MODEL
LEADERSHIP
C. CONCISE REVIEW
I&C
13
RELEVANT QUALITY INFO
14
INTERNAL COMM
15
EXT COMM
MA
16
ONGOING EVALUATIONS
17
DEFICIENCIES
EVALUATE
COMMUNICATE
A. CONCISE REVIEW
CE
1
TONE @ THE TOP
STD OF CONDUCT
ADHERENCE?
DEVIATION?
TIMELY ADDRESS?
2
BOD
OVERSIGHT
SKILLS & EXPERTISE
INDEPENDENCE
3
REPORTING LINES
DESIGN
EVALUATE
DELEGATION
DEFINED RESPONSIBILITIES
STRUCTURE
4
HR
POLICIES
PRACTICES
COMPETENCY
STAFF
ATTRACT
DEVELOP
RETAIN
SUCCESSION PLAN
5
COMM STRUCTURES
MEASURE
PERFORMANCE
REWARD
INCENTIVES
EXCESSIVE PRESSURES?
EVALUATION OF PERFORMANCE
D. OVERALL CONCLUSION