Blog – Why both Public and Private Sectors need to strengthen its Crisis and Emergency Management Policies and Procedures There are many lessons to be learned from COVID19 responses including how both private and public sector need to have better emergency and crisis plans. There should mandatory audits of crisis and emergency management plans as part of the annual filing of financial statements. 1. Insurance risks - https://riskandinsurance.com/3-emerging-risks-rising-out-of-the-pandemic-and-the-huge-impact-theyll-have-for-years-to-come/ 2. Crisis management - https://www.msba.org/top-ten-tips-on-how-to-manage-a-company-crisis-second-tip-formulate-a-crisis-management-team/ 3. Internal control list - https://www.auditboard.com/blog/tips-evaluating-internal-control-deficiencies/ 4. ESG - https://www.corporateknights.com/responsible-investing/financial-climate-risk/ 5. Human capital - https://www.protocol.com/workplace/companies-workforce-stat-reporting-requirement 6. Blog – Business Automation – What is next? - https://www.linkedin.com/pulse/blog-business-automation-what-next-paul-young/?published=t 7. Blog – Fraud Risk in the Digital Age - https://www.linkedin.com/pulse/blog-fraud-risk-digital-age-paul-young/?published=t 8. Blog – Steps to Futureproofing and Risk-Proofing Your Manufacturing Business - 60 percent of manufacturers and distributors were impacted by supply chain disruptions during the pandemic. https://www.linkedin.com/pulse/steps-futureproofing-risk-proofing-your-manufacturing-paul-young 9. Blog – 3D Printing - Canadian manufacturers poised to take 3D printing risks in 2021 As the 3D printing market continues to remain robust 2021, manufacturers are well positioned to take a risk on 3D printing’s capabilities beyond just plastics and plastic composites. https://www.canadianmanufacturing.com/manufacturing/canadian-manufacturers-poised-to-take-3d-printing-risks-in-2021-265727/ My work on 3D Printing - https://www2.slideshare.net/paulyoungcga/3d-printing-what-is-next-january-2021/paulyoungcga/3d-printing-what-is-next-january-2021 10. Blog – Safeguarding assets through proper Risk Mitigation of Geopolitical Threats - https://www.slideshare.net/paulyoungcga/how-to-mitigate-geopolitical-risks-as-part-of-safeguarding-your-assets-249988353

1. What is Crisis
Management and
how do you best
handle Crisis
PAUL YOUNG CPA CGA
JANUARY 10, 2021

2. Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. Agenda
 What is crisis management?
 Why has the public sector been bad at crisis
management?
 What does the public and private sectors
need to do
 Accounting Bodies
 Reporting and AI
 Technology
 SEC and Filings
 Summary

4. What is Crisis
Management?
Source -
https://www.investopedia.co
m/terms/c/crisis-
management.asp

5. Crisis Management and Public Sector
Source - https://www.govtech.com/em/preparedness/Report-Weve-Failed-Miserably-at-Preparedness.html
• The world needs to be unified it how best to manage potential crisis.
• Private sector need to implement integrated reporting as part of preparing their financial statements
- https://www.accountingtoday.com/news/iirc-plans-major-revision-to-integrated-reporting-
framework
• Government does not do enough of auditing crisis management, i.e., pandemics geo-political events
including risk assessment and outcomes
• Source - https://www.slideshare.net/paulyoungcga/global-risk-and-how-to-implement-a-risk-
management-to-your-organization
• Government focus is too narrow
• focus in of government is very short-term, i.e. winning election and holding power -
https://www.slideshare.net/paulyoungcga/how-to-reform-the-public-sector-in-canada-and-around-
the-world

6. Crisis and Management – Top 10 –
Country conflicts and issues
Source - https://www.rescue.org/article/top-10-crises-world-should-be-watching-2021
1. Mozambique: Humanitarian needs rise rapidly as insurgency intensifies
2. Venezuela: COVID-19 compounds years-long economic crisis
3. Nigeria: Conflict and famine risk in the northeast
4. South Sudan: Recovery from civil war at risk
5. Burkina Faso: The world’s fastest-growing displacement crisis
6. Ethiopia: New conflict threatens the region
7. Democratic Republic of Congo: Unprecedented hunger crisis
8. Syria: The deadliest place for humanitarians
9. Afghanistan: Stalled peace process under threat
10.Yemen: Unrelenting conflict and risk of famine

7. Top Geopolitical Risks
Source - https://www.eurasiagroup.net/issues/top-risks-2021
1. Joe Biden Presidency
2. COVID Vaccinations
3. Climate: Net Zero meets – G-Zero
4. USA/China tensions broaden
5. Global data reckoning
6. Cyber tipping point
7. Out of (in) cold Turkey
8. Middle East: Low oil takes it toll
9. Europe after Merkel
10. Latin America disappoints

8. What does
government and
the private sector
need to do
 All government need include crisis management as part of
their risk framework
 Geo-political events should be reviewed on monthly
basis with reports being made available to public in
terms of mitigation strategies
 External and Internal auditors should be review
government’s risk framework including crisis
management as way to assess the risk impact to
public.
 Crisis Management and Risk Management should be
separated from government into specific department,
i.e. provincial, state and federal
 Local risk and crisis management reports for local
government should be reviewed by external auditors
as part the annual filings.
 All businesses need to undertake risk mitigation
policies as part of safeguarding their assets.

9. Accounting
Bodies
 FASB / Loans - https://www.risk.net/risk-
management/7507111/cecl-working-as-
intended-amid-covid-19-crisis-says-fasb
 IFRS Control Group/Crisis -
https://www.ifrs.org/groups/financial-crisis-
advisory-group/
 CPA Canada -
https://www.cpacanada.ca/en/business-
and-accounting-resources/strategy-risk-
and-governance/enterprise-risk-
management?page=5

10. Technology
 RPA / Crisis Management -
https://www.automationanywhere.com/company/blog/rpa
-thought-leadership/protecting-your-business-from-the-
next-crisis or
https://www.idginsiderpro.com/article/3543836/how-rpa-
helps-organizations-deal-with-a-global-crisis.html
 AI and Crisis Management -
https://www.neosperience.com/blog/crisis-management-
how-the-ai-can-take-part-on-it-successfully/
 IBM / Crisis Management -
https://www.ibm.com/industries/government/public-
safety/intelligent-operations-center-emergency-
management
 Reporting Solutions – AI and Corporate Reporting -
https://www2.slideshare.net/paulyoungcga/artificial-
intelligence-ai-with-office-of-the-cfo
 Risk Management / Analytics -
https://www2.slideshare.net/paulyoungcga/understanding-
risks-as-part-of-development-risk-management-best-
practices

11. Blog – Watson Assistant and GRC
https://www.ibm.com/blogs/watson/2021/04/ai-governance-risk-compliance-whats-next/

12. Summary
 All business and government need to implement the COSO risk
framework including crisis management policies and
procedures.
 World leaders need to become proactive not reactive to events.
 Scenario Planning should be added to the close, consolidate,
and reporting cycle - https://www.ibm.com/blogs/business-
analytics/scenario-modeling-key-readiness-2018/
 Improving Cash Flow -
https://www.youtube.com/watch?v=u4nAKxEqS9w&t=112s
 Crisis Management ChatBot -
https://www.youtube.com/watch?v=2bDFYYMqv_g
 OpenPages and Watson -
https://www.youtube.com/watch?v=2HsCeyPQJQ8&t=151s
 Supply chain management -
https://www.youtube.com/watch?v=yiD2YmL8sKs&t=41s

13. SEC Filings
 ESG Reporting -
https://www.mondaq.co
m/unitedstates/securities
/1116890/sec-pushes-
for-more-robust-climate-
disclosures
 My work -
https://ibm.box.com/s/8
781byh80ckzana33g7tv
qgrwpxaxf2m