With a new year comes time for reflection. Look back on past trends and identify what’s to come in the year ahead.
Currently, we are seeing a transition of the types of risk being reviewed—from financial to operational.
When people think of Risk Management, they most commonly associate it with legislation compliance such as FCPA, UK Bribery Act or SOX, which were designed in reaction to a number of major corporate and accounting scandals and the bribery of foreign officials. Together these acts have generated billions of dollars in penalties. But, risk management doesn’t stop there—over 25% of our customers are using our technology to assess risks in their core business operations.
Here are just a few compelling examples:
There are many examples of the value the Risk Management function can bring not only to the Finance division, but also to other areas of business within an organization—this is how ACL and our customers are transforming Audit and Risk.
How are you transforming Audit and Risk within your organization?
Find out more: ACL Blog