24 January 2019
It’s a mild early summers day, with temperatures only just creeping up over 36 degrees Celsius, and I’m standing at the McDonalds 4D vending machine, …
6 December 2018
Innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market-leading firms, products, and alliances. …
5 November 2018
The exact moment the first auditor blinked into existence is a difficult one to pinpoint. It’s intrinsically entwined with the accounting profession which traces its …
27 September 2018
Introduction The following article is based on my opinion of the risk maturity level in Southern Africa given the numerous clients whose risk methodologies we …
3 September 2018
Andre Roux from the Institute of Future Research (IFR) University of Stellenbosch spoke at the recent IRMSA Risklab conference on the ‘Future of South Africa’. …
31 August 2018
One definition of risk is “a situation exposing someone or something of value to danger, loss, or harm”. From a young age, we are taught …
29 June 2018
In the risk management fraternity, we’ve often said or at least heard said that a risk manager has a multitude of hats to wear in …
4 June 2018
Towards the end of May 2018 did you receive a surprisingly large amount of emails informing you of new privacy policies from websites and service …
3 May 2018
In South Africa we recently celebrated Human Rights Day when we remember the Sharpeville massacre that took place on the 21st of March 1960. On …
5 April 2018
The last 20-25 years has seen a broad effort to transform the field of risk management into a science. One in which we see complex …
8 March 2018
1.Why POPIA? The Protection of Personal Information Act (“POPIA”): gives effect to the constitutional right to privacy, enshrined in South Africa’s Constitution. (The right to …
28 February 2018
Presented by Gary Khan, Risk Advisory, EOH There are many variations of frameworks out there. Advisory practices are famous at coming up with new ideas …
15 February 2018
The signs all suggest that the world is now entering a time of disclosure, exposure, revolution and hopefully, an uncovering of the truth. The last …
11 December 2017
And so, in the blink of an eye, another action-packed year has hastened past sowing turmoil and peace, fear and love, trauma and healing, decline …
27 September 2017
Reading the news day in and day out it’s difficult to believe that the term ‘good corporate governance’ means anything anymore. Good corporate governance seems …
1 August 2017
Step 1: Understanding Risk Appetite and Tolerance Whilst Risk Appetite deals with the level of risk that the organisation will pursue to meet their organisational …
27 July 2017
Why implement internal audit software Besides being general best practice, Internal Audit Software provides an organisation with a systematic and disciplined approach to the audit …
29 June 2017
We live in a modern information age of big data, enormous computing power, massive quantities of statistics, facts and figures at our fingertips and hundreds, …
29 May 2017
Part One – An overview of Risk Management at a Local Government level In this, the first of a series of articles exploring the role …
26 April 2017
I suppose that by now we are all tired and worn out by all the bad news of the ratings downgrade and the strange decisions …
27 March 2017
Several surveys and studies conducted over the last few years have set out to clearly define, measure, and assess risk maturity using several indicators, attributes …
20 February 2017
I wonder if management and employees of an organisation really appreciate what goes into building a great brand and reputation. People buy from people and …
9 December 2016
The following points are taken from the King IV report copyrighted to The Institute of Directors Southern Africa NPC. Introduction to King IV The definition …
6 December 2016
Another year has flown by at an unbelievable pace, and once again the holiday season has begun rampaging through shopping malls, saturating tourist destinations, ringing …
25 November 2016
The world of software abounds with examples of the impact of GIGO – garbage in, garbage out or even garbage in, gospel out. The Wikipedia …
4 November 2016
The final draft version of the King IV Report on Corporate Governance in South Africa 2016 (King IV) places a different focus on the Governance …
How to manage invisible risks that threaten your businessPresented by Terence Singh, Director, Ruhi Consulting We were delighted to have Terence Singh from Ruhi Consulting …
27 October 2016
Humans have only been practicing science for a couple of hundred years yet nature has had the benefit of 3 billion years to design, test …
26 October 2016
The value of the Internal Audit function is becoming increasingly critical to the strong corporate governance, risk management, effective internal control, and efficient operations of …
24 October 2016
A decade ago, lack of risk awareness might have satisfied litigators in the aftermath of a loss event. However, today’s regulations have made board members …
Software implementation: 1. Ensure you have an existing risk management policy, risk framework and methodology 2. Identify the risk champions and risk owners at the …
27 September 2016
I’ve had several interactions with people in the Governance, Risk, Compliance (GRC) and Internal Audit space who comment on a growing sense of excessive legislation. …
15 August 2016
The background Climate change is the change in average weather conditions over a long time period and includes temperature, wind, rainfall, length of seasons and …
27 July 2016
“Anarchy in South Sudan: Mass looting of aid to leave many hungry and desperate” “Former police chief says we are on the precipice of anarchy” …
30 May 2016
South Africa’s unemployment rate recently clambered back over the 25% level, the highest reading since 2005, and the 12th highest unemployment rate globally. 5.7 million …
16 May 2016
The concepts of internal audit performance and value add are used interchangeably more often than not. How often has one heard that the internal auditors …
9 May 2016
SO WHY THE HESITANCY TO INVEST IN EFFECTIVE RISK MANAGEMENT (RM)? TYPICAL OBJECTIONS TO INVESTING IN RM AND POSSIBLE RESPONSES Despite evidence that mature RM …
26 April 2016
An effective, Enterprise Risk Management (RM) strategy has become widely recognized as a key contributor to the achievement of objectives within an organization, regardless of …
21 April 2016
Freediving refers to competitive breath-hold diving and is also known as competitive apnoea. The oldest evidence of freediving has been found about 10,000 years ago …
29 March 2016
“Paris attacks will add to Wall Street anxiety”, “Thousands feared dead in terrorist attacks on US”, “Marikana violence is a sign of things to come”……. …
16 February 2016
IRMSA South African Risk Report Launch 2016 held on the 10th February 2016 The South African Risk Report was officially launched on the 10th February …
3 February 2016
Many organisations see compliance as a ‘necessary evil’ and in many cases try to ignore it hoping it will go away. Whether we like it …
14 January 2016
The prolific rise of social media, particularly over the last 6 years has created many new commercial and marketing opportunities for business. Many organisations are …
8 December 2015
We’ve come to that part of the year when a good number of people, employees and business owners, start to look forward to the end …
13 October 2015
If anything has shown why risk management should be one of the premier disciplines in any business, the VW saga stands out as probably the …
2 October 2015
Risk management as a studied and documented practice is believed to have started evolving in the 1950’s, largely resulting from the reality that insurance, the …
3 September 2015
In July this year the Institute of Internal Auditors (IIA) unveiled enhancements to its International Professional Practices Framework (IPPF). It’s important to know what’s changed …
5 August 2015
Ethical business practice is an ideal many corporations strive for, but often fall short of due to an overwhelming focus on the bottom line and …
21 July 2015
Many companies struggle to identify what to be compliant with let alone staying compliant with existing laws and acts. Compliance does not need to be …
30 June 2015
The value of the Internal Audit function is becoming increasingly critical to the strong corporate governance, risk management, effective internal control, and efficient operations of …
19 June 2015
How does a corporation with an ERM program, which is recognized as one of the most effective worldwide, get caught in the grip of a …
2 June 2015
Donald Trump, Bill Gates, Larry Ellison, Oprah Winfrey, Richard Branson, Warren Buffet, Sheryl Sandberg, Elon Musk. Recognized and acknowledged as some of the most successful …
7 May 2015
Most of us and especially the younger generation understand the power and benefits of technology and yet we often choose to ignore better ways of …
1 April 2015
Having a defined Risk Appetite Statement is a crucial starting point to the Risk Management process. Risk Appetite and Risk Tolerance are terms that are …
There is a lot of debate (and often emotional debate) within the risk management fraternity surrounding various topics – from COSO framework versus the ISO31000 …
