Risk Management Best Practice 2 – Integrated Risk Assurance Oversight Matrix

Maintaining compliance in today’s highly regulated, rule-driven marketplace requires diligent oversight of the organization’s core processes by the company’s staff. This oversight takes many forms from internal audits, self-assessments, management observations, and quality checkpoints embedded within the processes themselves. These points of oversight, however, may individually fall short from providing fully effective compliance risk assurance. Therefore, deliberate action should be taken to marry these assurance activities into a single cohesive program.


Hi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.

Subscribe to the StrategyDriven Insights Library

Sign-up now for your StrategyDriven Insights Library – Total Access subscription for as low as $15 / month (paid annually).

Not sure? Click here to learn more.

Buy the Article

Don’t need a subscription? Buy access to Risk Management Best Practice 2 – Integrated Risk Assurance Oversight Matrix for just $2!

Additional Information

StrategyDriven provides other informative articles and tools on how to synthesize data to create a complete picture of performance. These include:

Best Wishes for a StrategyDriven 2012!

As we say farewell and give thanks for a successful 2011, I and the StrategyDriven family wish you and yours all the best for a happy and prosperous 2012. We look forward to the ongoing journey of helping you and your organization to become truly StrategyDriven.

All the Best,

Karen Juliano
Editor-in-Chief and
Director, Communications and Marketing
StrategyDriven
 
 

Leadership Inspirations – Doing Great Work

“To do great work, a man must be very idle as well as very industrious.”

Samuel Butler (1835 – 1902)

Iconoclastic Victorian author

Recommended Resource – Finance Without Fear

Finance Without Fear: A Guide to Creating and Managing a Profitable Business
by William S. Hettinger and John Dolan-Heitlinger

About the Reference

Finance Without Fear: A Guide to Creating and Managing a Profitable Business by William S. Hettinger and John Dolan-Heitlinger unveals the mysteries of financial statements in this easy-to-understand, example filled book. William and John arm leaders with the knowledge of what is in each financial statement, how statements relate to each other, and, more importantly, how business operations impact reported financial outcomes.

Benefits of Using this Reference

StrategyDriven Contributors like Finance Without Fear because it imparts the appropriate level of financial report understanding needed to be a successful executive or manager while not requiring the reader to be a CPA. Additionally, the illustrative examples relating business operations to financial statements clearly conveys the relationships and importance of strategic and day-to-day decisions to the financial well-being of the organization.

StrategyDriven Contributors believe it is vitally important for all executives and managers to understand how operational decisions impact financial performance and its conveyance in financial statements. Likewise, it is critical that these leaders be able to draw conclusions about business operations from their financial statements. While newly ascending managers may not have this knowledge, they should seek and be provided this information early in their management careers. Finance Without Fear can be used to impart such knowledge; making it a StrategyDriven recommended read.

StrategyDriven Podcast Video Edition 3 – Framework for Aligning an Organization

StrategyDriven Podcasts focus on the tools and techniques executives and managers can use to improve their organization’s alignment and accountability to ultimately achieve superior results. These podcasts elaborate on the principle, best practice, and warning flag articles found on the StrategyDriven website.

Episode 3 – Framework for Aligning an Organization explores the mechanisms needed to create an programmatic framework focusing all employees on the achievement of the organization’s mission goals as well as the benefits these organizations realize over competing firms not so well aligned.
 


 
Learn more about how to become truly StrategyDriven by reading: The StrategyDriven Organization.

Final Request…

The strength of our community grows with the additional insights brought by our expanding member base. Please consider rating us on iTunes by clicking here. Rating the StrategyDriven Podcast and providing your comments online improves our ranking and helps us attract new listeners which, in turn, helps us grow our community.

Thank you again for watching the StrategyDriven Podcast – Video Edition!