Important new IFAC paper on risk management

With help from Grant Purdy, IFAC has published an excellent Thought Paper on risk management. From Bolt-on to Built-in: Managing Risk as an Integral Part of Managing an Organization. This is one of…

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Tate comment: currently I’m just passing this along. Evaluation and comments will follow. Norman certainly indicates that this is an important paper by IFAC. How, if at all, might it impact, add to, or create a standard of care or process for risk management including auditor evaluation and/or audit committee or risk committee oversight? More to follow.  Dave Tate, Esq. (San Francisco / California)