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The subject matter is “Why has ERM not delivered?”.
After spending millions on ERM and employing tens of thousands of risk professionals,
why has ERM not delivered?
Despite the uptake of risk management by enterprises,
and the religious application of COSO, COBIT by the Internal and “external” auditors
and other risk management professionals, no-one seems to have seen the fraud in
credit crunch coming or been ready for it.
In fact, until recently some Central Bank Officials in Asia publicly applaud
the development of CDOs and other Credit Derivatives.
So, why has ERM not delivered?
In fact, is ERM adding any value?
Events that transpired suggests that unless and until ERM is undertaken with
a truly future focus on FRAUD RISK ASSESSMENT and
becomes part of the strategic planning process, organizations
will fail to recognize their key risks and so gain little more than traditional
operational risk methodologies can deliver.
Learn how Fraud Risk Assessment by the Professionals
and risk methodologies can be combined to
identify the risks that really matter and add value to the
strategic planning process and aid business decision.
Mr. Stanley Chia, our Honorary Vice Chairperson, will share his insight on
Fraud Risk Assessment
In Bangkok on the 21st and 22nd of July 2009