Contents
- Latest on risk management
- Topics in depth
- Reports
- Webinars and recordings
- Templates
- Internal audit resource centre
- Modern slavery hub
- eBooks
- Business press
- Online magazines
- Articles and books in the ICAEW Library collection
- External resources - Organisations
- External resources - Guides and publications
Latest on risk management
How business should approach fraud risk
- Article
- 02 Apr 2024
Fraud volumes and values are rising annually. But new rules and governance regulations hope to help prevent business fraud before it happens and detect it when it does.
Updated internal audit code to boost corporate governance
- Article
- 26 Mar 2024
Revised Internal Audit Code of Practice aims to empower internal audit by acting as a practical guide to supporting board disclosure on risk management and internal control frameworks.
Code urges businesses to beef up cyber resilience
- Article
- 13 Feb 2024
Cyber threats should be prioritised as a key business risk just like financial and legal challenges, the government says, as it seeks feedback on draft guidelines to help business leaders boost cyber resilience.
CPD resources: supporting charity trustees
- Article
- 11 Jan 2024
Accountants sharing their expertise as charity trustees need to understand the latest developments in charity accounting. Find out more about ICAEW’s range of freely accessible CPD resources, including articles, webinars and online training.
Boards must seek assurance on supply chain security
- Article
- 10 Jan 2024
A new report paints a stark picture of the potential fallout for businesses and consumers from supply chain disruption, including empty shelves, damaged reputations and business losses.
OECD to revise corporate governance guidance for SOEs
- Article
- 18 Dec 2023
Proposed revisions to corporate governance of government-owned businesses mark a welcome step up in sustainability, economic security and resilience, ICAEW says.
Maximise opportunities, minimise risks and support the tax charities
- Article
- 13 Nov 2023
Learn from three expert speakers on how to maximise opportunity for your clients and practice and minimise the risk of claims.
Exploring liquidity risk management in funds
- Article
- 20 Oct 2023
In the realm of finance, open-ended funds play a distinct role, shaped by their unique characteristics. Reuben Wales examines their operational aspects and the hurdles they face.
Topics in depth
Managing supply chain disruption
Articles and guides to help you plan for potential supply chain disruptions.
Reports
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.
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.
Risk management: mindfulness and clumsy solutions
- Report
- 2015
Our report helps managers in all functions who are being asked to pay more attention to the challenges of uncertainty.
Special report: Risk and recovery
- Report
- 2014
Guidance on dealing with insurance claims and how the ISO can assist with risk assessments.
Internal control from a risk-based perspective
- Report
- 2008
This special report looks at internal control from a risk-based perspective, with reference to contemporary events.
Special report: Risk management
- Report
- 2005
An update on the basics of risk, with a look at issues in risk management today and a summary of the best resources.
Webinars and recordings
Exclusive
Risk management considerations for SMEs in challenging market conditions
- Webinar
- 14 Oct 2022
ICAEW Small and Micro Business Community webinar providing an in-depth overview of the SME market, the current economic conditions and challenges being faced and the specific risks SMEs are facing when starting up.
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
- 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.
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
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
Quantitative methods for ESG finance
- eBook
- 2023
- Cino Robin Castelli, Cyril Shmatov
- John Wiley & Sons, Inc.
An introduction to ESG finance from a quantitative analyst's perspective. Combines the theoretical and quantitative basis underlying risk factor investing and risk management with an in-depth discussion of ESG applications.
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.
Exclusive
Rattiner's secrets of financial planning : from running your practice to optimizing your client's experience
- eBook
- 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
Advising the wealthy client: a handbook for working with the ultra wealthy
- eBook
- 2020
- Barbara R. Hauser
- Globe Law and Business Ltd
Countries are racing to disclose bank accounts to garner more tax income from the ultra wealthy and the politics of being in the “1% club” are not always positive. Yet these are important clients with important needs.
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
When innovation and trust are at odds
- Article
- 01 Dec 2023
- Robert Hurley
Speeding an innovative new product to market can have serious consequences, says Robert Hurley. Consider the Fisher-Price Rock ’n Play, which has lost consumer trust for the company after being linked to 32 infant deaths. According to the article, a risky type of manic innovation happens when a company fails to create a balance between growth and risk management, with staff concerned about safety and long-term reputation marginalized.
Exclusive
Opinion pieces: On data and models: Is more always better?
- Article
- 01 Dec 2023
- Thomas C.Wilson
Thomas C. Wilson is an honorary professor of applied risk in insurance at Ludwig Maximilians University, and Chief Executive Officer of Allianz Ayudhya Pcl., Thailand. In this article he argues that more data and more sophisticated models are not always a universal panacea and may lead to bad business outcomes if not managed appropriately. He summarises the evolving business cases for increasing data and models in the risk management domain, giving examples of risks which are introduced or exacerbated by the use of more data and more complex models.
Exclusive
Generating risk: New exposures from ChatGPT and other AI tools
- Article
- 01 Nov 2023
- Corey McReynolds
The article focuses on the growing integration of generative artificial intelligence (AI) tools like ChatGPT into company workflows, with many employees already using them without clear policies. Topics discussed include the widespread use of ChatGPT by staff, potential risks such as data security concerns, and the need for organizations to develop customized policies, education, and awareness to effectively manage the use of generative AI tools.
Exclusive
At the crossroads: generative AI and corporate risk management
- Article
- 12 Oct 2023
- Peter Buell Hirsch
This study aims to identify the risks to corporate reputation presented by deepfakes and how to manage them. While deepfakes have been the subject of intense interest, to the best of the author’s knowledge, this is the first attempt to look at the problem from the perspective of corporate enterprise risk.
Exclusive
Strategic storytelling: How to amplify your impact and drive better risk management discussions
- Article
- 01 Oct 2023
- John P.Angkaw
The article underscores the transformation of risk professionals into trusted strategic business partners. As part of this shift, the author believes risk professionals need to expand their skillset to communicating complex information well to a diverse set of stakeholders. He outlines a strategic storytelling framework that can be tailored to meet the unique needs of any risk professional, detailing a range of potential engagement scenarios.
Exclusive
Navigating AI: a pragmatic guide for corporate boards
- Article
- 01 Oct 2023
- Chris Smith
The article focuses on how the exponential growth of artificial intelligence (AI) across various sectors is compelling boards to redefine their roles in providing oversight and guidance on AI strategy and risk management. It emphasizes the importance of a human-centred approach to AI, aligning strategic decisions with an organization's mission and values, addressing ethical dilemmas, intellectual property concerns, and privacy challenges.
Online magazines
Below we set out a selection of online journals covering various aspects of risk management.
Audit & Risk
- Chartered Institute of Internal Auditors
Magazine published six times a year by the Chartered Institute of Internal Auditors. Includes 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).
Operational risk management in financial services: a practical guide to establishing effective solutions
- Library book
- 2022
- E.Pykhova
- Kogan Page
This practical guide includes appendixes containing an operational risk champion role description, example operational risk event reporting template, ORA template and table of 50 key risk indicators.
Risk and compliance: questions and answers
- Library book
- 2022
- R.Atkinson
- Law Society Publishing
Provides practical guidance on points that those tasked with risk and compliance in their firm or business need to consider, with 200 questions and answers. Sections cover anti-money laundering, financial crime and regulation and compliance: including SRA accounts rules and compliance questions for running a law firm.
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 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.
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.
Rethinking reputational risk: how to manage the risks that can ruin your business, your reputation and you
- Library book
- 2017
- A.Fitzsimmons
- Kogan Page
This book explains what will make your organization and its reputation intrinsically resilient and what makes them, and you, predictably vulnerable. Armed with these insights, you can find and deal with fault lines before they cause harm.
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 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.
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.
Society for Risk Analysis
- Website
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
- 2023
- EY
Annual survey looking at how banks are addressing current threats. The 12th edition of the survey, with an accompanying highlights podcast, explores changes within how banking Chief Risk Officers (CROs) view risks, risk interconnection, developments in Cybersecurity and Geopolitics, and risk management in relation to Sustainable Finance, ESG and Climate Risk.
Global RepTrak 100
- Website
- 2022
- 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 2023
- Website
- 2023
- World Economic Forum
World Economic Forum publication that explores some of the most severe risks we may face over the next decade. The report's authors conclude that as we stand on the edge of a low-growth and low-cooperation era, tougher trade-offs risk eroding climate action, human development and future resilience.
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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