by Peter Hughes | Jul 20, 2016
If CFOs were to be asked what keeps them awake at night, their answer is likely to be “unexpected losses”. There can be no worse experience for a CFO than to have to explain to the CEO, the board, the media and, in extreme cases, in congressional or...
by Peter Hughes | Jul 20, 2016
Risk Accounting and Economic Profit – As the evolving risk landscape in which enterprises operate becomes more complex, management accounting must also evolve to incorporate risk. Source:...
by Peter Hughes | Jun 17, 2016
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by Peter Hughes | Jun 16, 2016
Conventional ERM systems are generally assessment based and, consequently, they typically report results via an assessment metric often based on three colors: red, amber, and green. The managerial usefulness of such systems is limited for a number of reasons: first,...
by Peter Hughes | May 11, 2016
In a March 2016 GARP Risk Intelligence article, Risk Governance: Across the Three Lines, authors from KPMG commented on the U.S. Office of the Comptroller of the Currency’s Heightened Standards for large financial institutions and delivered a call to action: “It’s...
