A contrarian view on Risk and Control to make tinkle curiosity leading to creative and critical thinking.
Recently I got the honor of being part of a panel discussion on “Risk Management Mistakes Many companies make” This session was moderated by An Independent director and other panelists included: A CRO and Head of Risk of a life insurance company Head of GRC for India and SAARC for a reputed GRC company, Head […]
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RPA is an advancement which will make everything automated.
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Robotic Process Automation can offers a business competitive edge which can enable to move miles ahead of competition. One of the challenge for a retail operation is to ensuring that replenishment of merchandising. How to ensure that stores are adequately stocked? i.e. no Under stocking, no Over stocking, Right stocking. This is done by merchandising […]
Continue ReadingHow to I study to pass CIA Exam? I have been asked this question recently by a CIA exam (Conducted by Institute of Internal Auditors) candidate. Here is what we discussed: IPPF: Gain proficiency in IPPF. The best way is to apply them, discuss them with your peers, team and seniors in the profession. LinkedIn […]
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“Can a promoter’s family member be appointed in Internal Audit Department?” This innocuous sounding questions had created a surge of activities in a forum. Legal perspective: In case of a family member of a Promoter appointed to a place of profit, it requires shareholders’ approval by special resolution and disclosure in related party disclosure. In […]
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Family Business faces some risks which are critical but sensitive, which are often not raised under the mistaken belief that these risks do not pertain to enterprise.
Continue ReadingCoursera Project (Click to view the project file) Every Risk is also an opportunity. An opportunity to make life better by doing risk management. Drought: which used to be a regular feature in the rural parts of India, was the outcome of non harvesting of rain water, and water wastage. Every year, monsoon bring rains, a […]
Continue ReadingCyber-risk is in the limelight. It is now coming in top 10 risks in all surveys. Cyber-risk is like a hurdle which is bound to cause accident on an expressway where you are required to drive at a high speed. A majority of hurdles can be navigated by staying alert. However some of the hurdles are not visible and […]
Continue ReadingBackground In 2013 President Obama has declared that “Cyber threat is one of the most serious economic and national security challenges we face as a nation” and that “America’s (country’s) economic prosperity in the 21st century will depend upon cyber security.”. Cyber risk/threat has taken the center stage today. It has steadily moving up in […]
Continue ReadingI have come across an interesting question on linkages between Risk and Control. Usually we start with risk and identify controls to mitigate the risk. Now imagine a scenario, where you have taken over a new position and the first request that comes to you is listing of risk that a control was supposed to treat/ […]
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