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Risk management

Resources to help manage risk in your organisation. Use our selection of articles, reports, webinars, tools and books to find more information on all aspects of risk management.
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Latest on risk management

Wind turbines on a wooded hillside at dusk surrounded by clouds
How to integrate sustainability into strategic management
  • Article
  • 01 May 2025
By incorporating natural, social and human capital into strategic management, financial professionals can focus on the ‘triple bottom-line’ in which profit, people and planet share equal billing.
A person holding a mobile phone in one hand, making a payment with a bank card, held in the other hand
Cyber security: fake payments, receipts and invoices on the rise
  • Article
  • 30 Apr 2025
April cyber round-up: new technologies are creating new threats. Here’s how accountants can guard against them.
A hand holding a magnifying glass looking at some papers
Navigating tariffs: four considerations for auditors
  • Article
  • 29 Apr 2025
The introduction of enhanced tariffs by the current US administration will inevitably place a strain on many UK-based and global businesses.
Two women having a meeting between themselves
Quality of large company cyber disclosures lacking, study finds
  • Article
  • 28 Mar 2025
Research highlights concerns about the fine line between quality reporting on cyber threats and placing information in the public domain that could be used as the basis of a cyber attack.
Man in suit pulling out some bank notes from an envelope
New fraud techniques accountants must watch out for
  • Article
  • 21 Mar 2025
ICAEW is sponsoring and hosting this year’s Fraud Advisory Panel Annual Conference, addressing the latest emerging fraud threats in AI, ESG and more.
Exclusive Strengthening the three lines
  • Article
  • 21 Mar 2025
The 'three lines model' remains a cornerstone of effective organisational risk management. The first line responsibility for managing risk has to be at the heart of a strong risk management approach.
Exclusive Getting the basics right: keeping the organisation safe when there are other priorities
  • Article
  • 21 Mar 2025
In today's fast-paced business environment, organisations often find themselves juggling multiple priorities, from driving innovation to meeting customer demands. However, amidst these competing priorities, it is crucial not to lose sight of the fundamental aspects that ensure the safety and compliance of the organisation.
Exclusive Internal audit as a central driver of transformation success
  • Article
  • 19 Mar 2025
To remain competitive in today’s rapidly changing business landscape and regulatory environment many firms will pursue major transformation and cost reduction programmes.
Read more

Topics in depth

Lorry driving down road
Business continuity and disaster recovery
Resources to help you with business continuity planning.
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Managing supply chain disruption
Articles and guides to help you plan for potential supply chain disruptions.

Reports and guides

Why nature matters to accountants: a guide for board members
  • Helpsheets and support
  • 2025
This practical guidance outlines why nature matters for board members, the growing importance of nature-related governance, and key steps they can take to integrate nature into corporate strategies. Investors, regulators, and other stakeholders are demanding greater transparency on nature-related issues, making it essential for boards to act now.
Why nature matters to accountants: a guide for senior managers
  • Helpsheets and support
  • 2025
Senior managers, including CFOs and financial directors, influence an organisation's long-term sustainability by shaping strategy, financial decisions, risk management, and governance.
Why nature matters to accountants: a guide for analysts
  • Helpsheets and support
  • 2025
Nature and biodiversity are becoming key factors in financial decision-making. Accountants, especially analysts, have a crucial role in integrating nature-related risks and opportunities into financial planning, risk management, and business strategy.
AML thematic review: The firm-wide risk assessment
  • Report
  • 2024
  • PDF (889kb)
The money laundering regulations (MLRs) require every relevant organisation to take appropriate steps to identify and assess the risks of money laundering and terrorist financing to which its business is subject. We refer to this as the firm-wide risk assessment. It is the foundation upon which a firm builds its AML policies and procedures, particularly regarding customer due diligence (CDD). We asked the money laundering reporting officer (MLRO) at a sample of 100 high and high/medium risk accountancy firms a series of questions. We also asked for a copy of their most recent firm-wide risk as...
Ethics and AI
  • Report
  • 2024
  • PDF (1,006kb)
In 2024, ICAEW’s Trust and Ethics Team hosted roundtables on shaping guidance for the accountancy profession on the ethical use of artificial intelligence. Read an overview of the discussions, offering insights into real-life use cases and the risks that must be managed.
AML supervision report 2023/24: Protecting against professional enabling
  • Report
  • 2024
  • PDF (1,597kb)
Report of AML supervisory activity for the period 2023/24.
Money laundering reporting officer guidebook
  • Helpsheets and support
  • 2024
  • PDF (562kb)
Read the section that corresponds with your role for full guidance on your responsibilities.
How boards of accounting and finance firms can benefit from shadow boards
  • Helpsheets and support
  • 2024
Shadow boards can be considered as a tool for navigating a turbulent and ever-changing business landscape. Find out how accountancy businesses can see the same benefits from setting up a shadow board that other sectors are already experiencing.
More reports

Webinars and recordings

Exclusive APP Scams – What are they? How to avoid them? How to get reimbursed?
  • Webinar
  • 28 Mar 2025
Watch this webinar recording which is designed to appeal to a wide audience, including consumers, businesses, small accountancy practices, fraud advisors, and payment firms/banks.
Enhancing risk management: benefits of a new or enhanced first line risk and control function
  • Webinar
  • 23 Jan 2025
This webinar will provide you with a range of perspectives, setting out the legal and regulatory framework and ethical considerations, alongside practical experience from our experts.
Don’t be manipulated – AI, fraud and what can my organisation do
  • Webinar
  • 09 Dec 2024
The fraud landscape is evolving rapidly with it being the most experienced act of crime, accounting for over 40% of all crime across the UK.
Guarding against the AI cyber crimewave
  • Podcast
  • 18 Oct 2024
In this episode of Behind the Numbers, we discuss how the use of new technologies by criminals is putting businesses at risk.
Exclusive Technology, innovation and transformation in internal audit
  • Webinar
  • 10 Oct 2024
This webinar will provide you with a range of perspectives and will introduce some of the topics around technology, innovation and transformation.
Creating dynamic risk assessments using low-code analytics
  • Webinar
  • 15 Jul 2024
Risk assessments are not just a formality but imperative to manage, control, and mitigate risks to maintain operational resilience and compliance.
Exclusive AI: The Evolving Frontier of Opportunities and Risks
  • Webinar
  • 20 Jun 2024
This webinar will provide you with a range of perspectives, setting out the legal and regulatory framework and ethical considerations, alongside practical experience from in-house experts.
Exclusive Model Risk Management: Understanding the Bank of England’s Supervisory Statement
  • Webinar
  • 19 Mar 2024
Model risk is one of the most important risks in a financial institution. It impacts front office, operations, finance, internal and external audit.
More webinars

Templates

Exclusive Template: risk assessment framework
  • Article
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.

Training courses

CPD courses: strategy and risk

Explore ICAEW CPD courses covering strategy and risk, across virtual, in-person and elearning options.
Browse courses
Mortarboard and books

Internal audit resource centre

Internal audit resource centre
  • Hub page
  • 27 Jul 2015
Access the latest thinking on internal audit from ICAEW and others across the finance and auditing sector, as well as useful links to international internal audit standards and best-practice guidance.
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 hub

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 Understanding financial risk management
  • eBook
  • 2024
  • Angelo Corelli
  • Emerald
Covers major risks and includes guidance on how to use financial derivatives to hedge risk. Also offers a complete view on past, current and future trends in financial risk management.
Exclusive Emergency and crisis governance
  • eBook chapter
  • 2024
  • Richard Leblanc (Editor)
  • Wiley
Explores the practical realities of corporate governance in public, private, and not-for-profit environments. Part 6 looks at several scenarios in crisis management such as emergency board succession, management reflections on the COVID-19 pandemic, disaster management and risk assessment.
Exclusive Financial governance
  • eBook chapter
  • 2024
  • Richard Leblanc (Editor)
  • Wiley
Explores the practical realities of corporate governance in public, private, and not-for-profit environments. Part 5 looks at the audit committee's oversight of external audit, internal audit, risk management, technology and cybersecurity. Also covered are directors' responsibilities towards insolvency, fraud and financial reporting issues (mostly related to IFRS).
Exclusive ESG: Regulatory overview for dealing with sustainability risks
  • eBook chapter
  • 2023
  • Martin Neisen, Stefan Roth
  • Wiley
A chapter on sustainability risks in the financial sector, covering topics including the consideration of sustainability aspects in SREP, expectations of European banking supervision, ESG ratings - methodology and comparison and adjustment of capital requirements to cover sustainability risks.
Exclusive Risk management and financial institutions
  • eBook
  • 2023
  • John C. Hull
  • John Wiley & Sons, Inc.
Looks at the activities of financial institutions, explains their regulation, and covers market risk, credit risk, operational risk, liquidity risk and model risk.
Exclusive Non-financial risk management in the financial industry
  • eBook
  • 2022
  • Norbert Gittfried [and others]
  • Frankfurt School Verlag
Intended as a guide to establish a target operating model for non-financial risk management, primarily for the financial industry, and covers the entire risk management lifecycle. Includes a definition of non-financial risk, risk appetite frameworks, risk governance, top-down non-financial risk assessments, internal control frameworks, data and IT governance as well as conduct and ethics.
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.

More eBooks

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 Navigating the new geopolitical uncertainty
  • Article
  • 16 Jan 2025
  • Cindy Levy, Shubham Singhal
This article considers how business leaders can manage geopolitical risks and navigate uncertainty through the use of scenario planning and sector-specific strategies.
Exclusive What the 2024 CrowdStrike glitch can teach us about cyber risk
  • Article
  • 10 Jan 2025
  • Raphael Yahalom
This article discusses the 2024 CrowdStrike glitch and stresses the need for agile cyber risk management to address software failures and ensure resilience.
Exclusive How AI can transform risk management into a revenue accelerator
  • Article
  • 30 Dec 2024
  • Atul Vashistha, Shelley Leibowitz
The article explains how artificial intelligence (AI) can transform risk management into a revenue accelerator. Advantages of AI automation solutions for businesses include continuous monitoring, truth verification, sentiment analysis, risk prioritisation and continuous data aggregation. It encourages corporate boards and leadership teams to consider the observe, orient, decide and act loop decision-making model as an approach to transforming risk management practices and resilience.
Exclusive How robust is your climate governance?
  • Article
  • 01 Nov 2024
  • Lynn S. Paine, Suraj Srinivasan
This article identifies eight hallmarks of meaningful climate oversight — and the challenges associated with each. It is based on interviews with 20 directors who hold leadership positions on the boards of S&P 500 companies.
Exclusive AI at the crossroads: Revamping board structures for effective governance.
  • Article
  • 01 Apr 2024
  • Tom Petro
The article focuses on the dilemma faced by corporate boards regarding the oversight of artificial intelligence (AI) initiatives, questioning which committee is best suited for governing AI's multifaceted risks. The author explores potential contenders for this role, including the risk management committee, a dedicated AI governance committee, and the technology committee, each offering unique expertise and perspectives tailored to the challenges posed by AI governance.
Exclusive Using data analytics and artificial intelligence for public disclosures
  • Article
  • 01 Apr 2024
  • Vivek Mohan, et al.
An examination of some of the ways in which data analytics and artificial intelligence (AI) can help companies to manage and mitigate compliance risks associated with their public financial and sustainability disclosures.
More articles

Online magazines

Some online journal titles are available only to logged-in ICAEW members, ACA students and other entitled users. To view the full range of titles available to you, please log in.
Audit & Risk
  • Chartered Institute of Internal Auditors
Chartered IIA Content Hub including news, opinion and feature articles on internal audit.
Business Insurance
  • Business Insurance Holdings, Inc.
American magazine for executives concerned about risk and its impact on their business, covering core issues such as property and casualty insurance.
Continuity Insurance and Risk
  • Perspective Publishing Limited
Magazine for risk management, business continuity and commercial insurance purchasers.
Strategic Risk
  • Newsquest Media Group
Risk management journal focused on Europe. Includes breaking news, comment and analysis.
Disclaimer

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.

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 and compliance: questions and answers, 2nd ed.
  • Library book
  • 2025
  • R. Atkinson, T. Calvert
  • Law Society Publishing
Provides practical guidance on points that those tasked with risk and compliance in their firm or business need to consider, with over 200 questions and answers. Sections cover topics such as anti-money laundering, financial crime, and data protection.
Sustainability accounting and accountability, 3rd ed.
  • Library book
  • 2022
  • M. Laine, H. Tregidga, J. Unerman
  • Routledge
This book provides a comprehensive overview of sustainability accounting and accountability. Topics covered include management accounting and organisational decision-making, sustainability reporting frameworks and practices, as well as ESG-investments, financial markets and risk management.
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.
The good governance guide to risk
  • Library book
  • 2021
  • S.Ashby
  • CGI Publishing
The book offers complete coverage of this dense, wide-ranging topic and will make sure that the reader can manage and control risk effectively.
The family office: a comprehensive guide for advisers, practitioners, and students
  • Library book
  • 2021
  • Edward V.Marshall, W.I.Woodson
  • Columbia University Press
An essential read for anyone looking to understand the world of family offices. Woodson and Marshall provide a comprehensive overview of the various functions family offices can perform and how to set them up effectively.
Directors' checklists
  • Library book
  • 2020
  • M.Wearden
  • ICSA Publishing
An easy-to-use A-Z guide to the key tasks and responsibilities of a director. It is designed for quick reference, with each entry including an introduction and explanation, a checklist of points to consider, procedures to follow and cross-references to relevant legislation and regulation.
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.
The stress test every business needs: a capital agenda for confidently facing digital disruption, difficult investors, recessions and geopolitical threats
  • Library book
  • 2018
  • Jeffrey R. Greene, et al.
  • John Wiley & Sons, Inc.
This book puts forward a comprehensive approach to building resilience into capital management, in order to navigate risks and seize opportunities in a volatile business environment.

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)
  • Website
Members’ association supporting those responsible for risk management and insurance within their own companies.
Global Association of Risk Professionals (GARP)
  • Website
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)
  • Website
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.
Oxford University Centre for Corporate Reputation
  • Website
Independent research centre established in January 2008. Site provides access to articles from Reputation Magazine (which is published termly) - plus papers and case studies.
Risk and Insurance Management Society (RIMS)
  • Website
US-based professional body. The site includes a wide range of information, publications such as the Risk Management Magazine, and sample risk management documents.
Risk Management Association (RMA)
  • Website
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.
Society for Risk Analysis
  • Website
International society which aims to provide 'an open forum for all those who are interested in risk analysis'. The site includes newsletters, glossary, podcasts, webinars, contacts and other useful resources.
The Risk Coalition
  • Website
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
  • Website
  • 2024
  • EY
Annual survey looking at how banks are addressing current threats. The 13th edition of the survey explores how the CRO role has expanded and evolved to incorporate more issues, with cyber again being the top risk priority.
Global RepTrak 100
  • Website
  • 2024
  • Reptrak
Annual survey which reveals how stakeholders perceive companies, providing a ranking of corporate reputation for the world's leading companies.
Global risk management survey - 12th edition
  • Website
  • 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.
IFAC Governance & Risk Management Knowledge Gateway
  • Website
  • 2021
  • IFAC
The International Federation of Accountants maintain this gateway to discussions, resources and news on risk management and governance.
ISO 3100 Risk Management
  • Website
  • 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
  • Website
  • 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 2024
  • Website
  • 2024
  • World Economic Forum
World Economic Forum publication that explores some of the most severe risks we may face over the next decade.
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.

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