Audit and Risk Professionals Say Biggest Challenge is Communicating with Executives

The most widespread challenge facing audit, risk management and compliance professionals is putting their work into a context that speaks to executives. According to the 2014 GRC Technology Pulse Survey, conducted by ACL, the company that is transforming audit and risk, 42 percent of the more than 1,700 finance, audit, risk, and compliance professionals surveyed cited this issue as the largest obstacle they face today. One reason this remains a…

Only 24% of top companies have risk management committees: Grant Thornton

The report finds that 77% of banking and financial services sector companies having a risk-management committee Only 24 of the top 100 Indian companies by market capitalization have formed risk management committees on their boards, according to the Governance Observer report from consulting firm Grant Thornton. While enterprise risk management was not mandatory according to the Companies Act of 1956, in the 2013 law, the board and audit committees have…

Misys Increases Its Dominance in the 2014 Risk Technology Rankings As the Overall Winner in Enterprise-wide Risk Management

Misys Overall winner for market, credit, counterparty, liquidity, aggregation and Basel III and first place in eight other categories Misys, the global leader in financial services software, has been honoured with the overall winner in the enterprise-wide risk management, according to the 2014 Risk Technology Rankings. The first place position underscores the ability of Misys to enable clients to respond to all regulatory compliance and reporting requirements. The company has…

The seven deadly sins that lead to an Oracle audit

Oracle is notorious for its confusing licensing policy. Robert Sheldon presents seven behaviors that can lead to an Oracle audit and costly audit fees. Oracle’s licensing policies are notoriously vague and confusing. One misstep and you can end up owing thousands of dollars in audit fees. Yet Oracle software, with its dazzling array of management packs and pre-installed options, is easy to misuse; so easy in fact that you could…

If anything shouldn’t be taken for granted, it’s Information Security Management

It was one of our usual off-the-record discussions when I spoke with network admin and asked about the regular password change set up on the system. And, the answer included words like “my opinion,” “my experience,”… but, not a single word about policy. “Which policy?” I was asked. Oh, something is, obviously, wrong. So, we started from the beginning. Information Security Management is one of the cornerstones of IT Service…