Latest on risk management
The ACA in Cyprus: helping professional development
- Article
- 22 Apr 2022
As the Cyprus government recently confirmed continuing regulatory recognition of all UK qualifications including the ACA, younger members are realising its benefits for career progression.
Climate-related financial disclosures: are you in scope?
- Article
- 04 Apr 2022
As the UK’s largest organisations get to grips with new, mandatory Climate-related Financial Disclosure Regulations, an ICAEW webinar sheds light on the complexity of who’s in scope of the requirements.
Ukraine crisis highlights need for scenario planning
- Article
- 24 Mar 2022
Uncertainty in business is rife – no more so than at the moment. But having formalised risk management processes in place allow you to better respond to changing circumstances.
Internal audit's role in D&I for Financial Services
- Article
- 24 Feb 2022
Ololade Adesanya of EY explains the range of policy initiatives that could be effective for driving and supporting diversity and inclusion in financial services.
Exclusive
Has stability in the UK been restored?
- Article
- 13 Dec 2021
Or will covid and Brexit deal another blow? Find out
Climate change must be part of your business plan
- Article
- 22 Nov 2021
Climate change risk must be embedded into business risk planning, backed by cohesive policy changes from government, says GARP Risk Institute president.
Building informed climate change decisions
- Article
- 16 Nov 2021
The task for firms to get ahead of climate change risk through data and good decisions is daunting, but risk assessment firms like Moody’s are working hard to help.
Reports
Risk management guide
- Report
- 2021
Businesses with effective approaches to risk management were better prepared for the pandemic and are more likely to thrive in the future. So how can finance professionals improve their organisation’s approach to risk?
Special Report 70 - Business resilience
- Report
- 2021
Business resilience is a skill not easily learned or acquired, but so vital to the survival and overall success of your business. Use your guide to ensure you have all the right tools in your armoury to succeed in such uncertain times.
A guide to operational resilience
- Helpsheets and support
- 2021
A guide on what organisations need to do to design and embed a framework to deliver operational resilience, including guidance on how to audit operational resilience. The first of two papers on operational resilience for internal audit teams.
How reverse stress testing could help enhance your going concern and risk assessments
- Helpsheets and support
- 2020
This guide, created by the Financial Reporting Faculty and Audit and Assurance Faculty explains what reverse stress testing is, and how it can be a useful tool for identifying gaps in risk management and vulnerabilities in business models.
COVID-19: nine principles for finance professionals
- Helpsheets and support
- 2020
16 April 2020 - The business impact of coronavirus (COVID-19) means effective cash flow analysis and forecasting have never been more important. This guide sets out some principles for adapting your approach to the current crisis.
How to audit change
- Report
- 2019
Change is a feature of doing business, but managing it successfully can be complex. This guide outlines how internal audit can help project managers implement changes by adopting good practices throughout the project life cycle.
Setting priorities to establish and expand internal audit
- Report
- 2019
This guide considers seven challenges commonly faced by smaller internal audit functions and provides recommendations to help heads of internal audit establish and grow an effective function that can meet its priorities.
How to audit the cloud
- Report
- 2018
Cloud computing is transforming business IT services, but it also poses significant risks that need to be planned for. This practical guide for internal audits outlines how they should assess risk management.
Webinars and recordings
Managing bribery and corruption in a downturn
- Webinar
- 10 May 2021
This joint webinar from the Business and Management Faculty and Fraud Advisory Panel, will provide a timely update on the current risks to business and how to safeguard against them.
Future proof your organisation - an internal audit approach to operational resilience
- Webinar
- 09 Mar 2021
This webinar explores how to develop an audit approach to deliver effective assurance as organisations progress their resilience journeys.
5144 reasons you should take the Modern Slavery Act seriously
- Webinar
- 01 Dec 2020
Nick Wildgoose, a supply chain risk management expert, provides a brief background on the Act itself and international context and potential developments.
Templates
Exclusive
Template: risk assessment framework
A risk assessment framework that allows organisations to capture their key risks. It is designed to be a working document that is part of the overall business performance management system.
Improve your organisation's level of assurance
- Article
- 16 Sep 2019
ICAEW’s Internal Audit Panel has identified eight risk areas where boards and audit committees should be asking themselves whether they are receiving the objective assurance they need amid increased public scrutiny.
Setting priorities to establish and expand internal audit
- Report
- 25 Jul 2019
This guide considers seven challenges commonly faced by smaller internal audit functions and provides recommendations to help heads of internal audit establish and grow an effective function that can meet its priorities.
Why CEOs and CFOs should engage with internal audit
- Article
- 03 Feb 2021
David Jardine, senior vice president, Internal Audit at bp plc, explains why Chief Executive Officers and Chief Financial Officers need to engage with the Chartered Institute of Internal Auditors’ Code of Practice and why it’s not just for internal audit teams.
Modern Slavery Act 2015
- Article
- 07 Jan 2021
This page is an introduction to the Modern Slavery Act 2015 providing background to its introduction, some key definitions and a list of useful links.
Spotting modern slavery
- Article
- 21 Jan 2021
Resources to help accountants and other finance professionals spot indicators of modern slavery in their business, their supply chains and clients' businesses and supply chains.
Reporting modern slavery and human trafficking
- Helpsheets and support
- 15 Jan 2021
Guidance on how to report if you suspect someone is a victim of modern slavery or human trafficking or if you believe it is going on in either your own firm or in a client’s business.
The role of accountants, auditors and business
- Article
- 14 Jan 2021
The role that accountants and auditors play in working to mitigate the risk that large commercial organisations face as a result of the Modern Slavery Act's requirement to annually report on the risk of modern slavery in their business and supply chains.
eBooks
The ICAEW Library & Information Service provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.
Exclusive
Rattiner's secrets of financial planning : from running your practice to optimizing your client's experience
- 2020
- Jeffrey H. Rattiner
- Wiley
Financial planning involves everything from determining the client's financial position, cash flow, and investment strategies, to income tax planning, risk management, insurance, and retirement and estate planning. Financial planners and advisors are responsible for recommendations and decisions that help people define and achieve their financial goals.
Exclusive
Information security risk management for ISO 27001/ISO 27002 (3rd edition)
- 2019
- Alan Calder, Steve Watkins
- IT Governance Publishing
This book draws on emerging national and international best practice around risk management and has been written to provide detailed and practical guidance to information security and risk management teams on how to develop and implement a risk assessment and risk management process that will be in line with the requirements of ISO 27001.
Exclusive
Practice aid: Enterprise Risk Management: Guidance For Practical Implementation and Assessment
- 2018
- AICPA & CIMA
- Association of International Certified Professional Accountants
This publication gives guidance for anyone responsible for or advising on an enterprise risk management process (ERM), This resource will help ensure the ERM process is well designed, well executed, and ultimately successful. Provides illustrative examples, best practices, and guidance for implementing or assessing an enterprise risk management process.
Exclusive
Intelligent credit scoring : building and implementing better credit risk scorecards.
- 2017
- Naeem Siddiqi
- John Wiley and Son
This book presents a business-oriented process for the development and implementation of risk prediction scorecards. Credit scoring is now a very common tool used by banks, Telcos, and others around the world for loan origination, decisioning, credit limit management, collections management, cross selling, and many other decisions.
Exclusive
International valuation handbook 2016: guide to cost of capital
- 2016
- Roger J. Grabowski, James P. Harrington, Carla Nunes
- Wiley
The handbook provides data and guidance that will enable you to assess risk and to develop cost of capital estimates on a global scale.
Exclusive
Non-executive director's handbook (4th edition)
- 2016
- Brian Coyle
- ICSA Publishing
An essential source of reference and route map for the position of Non-executive director. Contains case studies and checklists throughout.
Terms of use
You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
Business press
The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.
Exclusive
The risks facing the CFO
- 01 Mar 2022
- Frank Manzi, Mark Martinelli
- CPA Journal
Article exploring some of the business risks from ongoing challenges such as newly unfolding economic events, a remote workforce and supply chain disruptions, as well as consumer expectations. The authors look at the role that a CFO plays in identifying and developing effective enterprise risk management practices.
Exclusive
Procurement's new charter
- 01 Jul 2021
- Alex Yakubovich
- Strategic Finance
Procurement teams are moving beyond cost containment to better manage risk, support business agility, maintain supply continuity, and seize opportunities for supplier-driven innovation. Many teams are fast-tracking initiatives such as automating their procurement process and digitizing more supplier information.
Exclusive
Cloud computing: friend or foe
- 01 Jun 2021
- Joel Lanz
- CPA Journal
Article looks at the risks associated with moving to the cloud which organisations must consider and the necessary of adoption of risk management strategies to ensure safety and control.
Exclusive
COVID-19: The risk management part is unfinished
- 01 Feb 2021
- John R. S. Fraser, Rob Quail, Betty J.Simkins
- CFO
What actions should senior risk managers and executive management take to deal with the remainder of the COVID-19 crisis, as well as preparing for other unrelated risk events?
Exclusive
Oversight of reputation in riskier times
- 01 May 2020
- Nir Kossovsky
- NACD Directorship
The article discusses the practice of overseeing the management of reputation risk in riskier times.
Exclusive
Preventing slow-burn reputation risks
- 01 Mar 2020
- Jim Wetekamp
- Risk Management
The article offers the suggestions towards preventing slow-burn reputation risks in business. It mentions about a culmination of numerous decisions that aligned with company goals, and considering the long-range potential consequences; and also highlights a slow erosion of quality due to shortcuts, reduced sampling, or less auditing and testing.
Articles and books in the ICAEW Library collection
The collection of the ICAEW Library & Information Service includes a range of articles, books and reports on risk management. Use the links below to see what we have available to request in our Library catalogue (Libcat).
Risk management update for accountants and tax advisers
- Library book
- 2021
- K.Eckstein
- LexisNexis
A Tolley's Tax Digest on getting risk management processes right. Covers: planning for the client retainer; how to get the retainer right; retainer creep; liability caps; consumers; disputes within clients; termination of the retainer; fee disputes; and common causes of claims & how to prevent them.
Managing risk: a guide for accountants and tax advisers
- Library book
- 2019
- K.Eckstein
- Claritax Books
Aimed at smaller and mid-sized firms, this book highlights areas of danger and advises how firms can develop processes to reduce the risks. Practical advice is given on such topics as engagement letters, liability caps, invoicing, office systems, and managing planned and unplanned staff absence.
Fundamentals of risk management: understanding, evaluating and implementing effective risk management
- Library book
- 2018
- P.Hopkin
- Kogan Page
A comprehensive introduction to commercial and business risk for students and risk professionals. It provides a full analysis of the changes in contemporary risk areas including supply chain, cyber risk, risk culture and appetite, improvements in risk management documentation and statutory risk reporting.
Accounting for financial instruments: a guide to valuation and risk management
- Library book
- 2017
- E.Camilleri
- Routledge
A book about the accounting and regulatory framework associated with the acquisition and disposal of financial instruments, including how to determine their value and ultimately compile a business valuation report.
To find out how you can borrow books from the Library please see our guide to borrowing books.
You can obtain copies of articles or extracts of books and reports through our document supply service.
External resources - Organisations
Association of Insurance and Risk Managers (AIRMIC)
Members’ association supporting those responsible for risk management and insurance within their own companies.
Global Association of Risk Professionals (GARP)
Independent association of risk management practitioners and researchers. The news and resources section includes research, white papers, webcasts and a digital library (free site registration required for member only content).
Institute of Risk Management (IRM)
Non-profit educational body which supports the IRM Diploma in Risk Management. Its Risk Management Standard, published by IRM, AIRMIC and ALARM in 2002, is freely available, as is its Standard Deviations - A Risk Practitioners Guide to ISO 31000 guide, published in 2018.
Risk Management Association (RMA)
US-based professional association for lending, credit and risk management professionals. The site includes a fee based search facility and archive for articles from the RMA Journal from 1980 to the present.
Risk and Insurance Management Society (RIMS)
US-based professional body. The site includes a wide range of information, publications such as the Risk Management Magazine, and sample risk management documents.
The Risk Coalition
An association of not-for-profit professional bodies and membership organisations committed to raising the standards of risk management in the UK.
Terms of use
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided 'as is' with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.
External resources - Guides and publications
EY/IIF Global bank risk management survey
- 2021
- EY
Annual survey looking at how banks are addressing current threats. The 11th edition of the survey, with an accompanying highlights podcast, explores the top priorities - including climate change, credit risk, cybersecurity and the impact of technology - and what that means for risk management.
Global risk management survey - 12th edition
- 2021
- Deloitte
Deloitte survey assessing the state of risk management in financial institutions around the world. The 12th edition was conducted during March to September 2020, with respondents answering questions about the most important trends and challenges for their institutions over the next two years.
ISO 3100 Risk Management
- 2021
- International Organization for Standardization
Global risk management standard from the International Organization for Standardization (ISO). It provides principles, a framework and a process for managing risk. The standard can be used by any organization regardless of its size, activity or sector.
Managing risk in your business
- 2022
- Be The Business
Working through a risk management matrix, like this one from Smartsheet, is a useful way to assess and mitigate potential risks. The matrix can be downloaded as a pdf template.
The Global Risks Report 2021
- 2021
- World Economic Forum
World Economic Forum publication that analyses risks facing the world from societal fractures - manifested through persistent and emerging risks to human health, rising unemployment, widening digital divides, youth disillusionment, and geopolitical fragmentation.
Terms of use
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided 'as is' with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.
Can't find what you're looking for?
The ICAEW Library can give you the right information from trustworthy, professional sources that aren't freely available online. Contact us for expert help with your enquiries and research.
Everything business
Find out about the key benefits available for members in business and the support from ICAEW. We are proud of our some 60,000 members working in and running business all over the world.
Read More 