BF_GRC FINANCE LINK Penton Media April 15, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/businessfinance/v/168 ---------------------------------------- ADVERTISEMENT Business Finance Research Webinar Series Join us for GRC Comes of Age: Leading Practices, Hazardous Pitfalls, a Business Finance Research Webinar that takes an in-depth look at the best practices responsible for driving leading GRC programs. Plus, you'll hear how the Chicago Mercantile Exchange (CME) advanced with a leading GRC program. Attendees receive an Exclusive 2009 GRC Maturity Study. http://w.on24.com/r.htm?e=138278&s=1&k=16F388723A72A9DF38CDFE14897829D0&partnerref=newsletter ---------------------------------------- TODAY'S ALERTS --Inside Carnival Corp: A GRC Case Study Carnival Corporation, the largest cruise vacation company in the world, takes an all-hands-on-deck view of governance, risk, and compliance (GRC) management. Here's an in-depth look into the process by which the company built its GRC platform. To view the full article go to: http://businessfinancemag.com/article/grc-case-study-carnival-corporation-0415 --The New Premium on Risk Information Stakeholders, regulators, and executives in the financial services industry need more reliable risk information. To produce this, the key adaptation financial services companies (as well as other companies with insufficient GRC capabilities) will have to make is in their management of highly fluid processes -- the extent to which organizations can "lock down" these processes with effective controls, and then convey that to regulators and stakeholders. To view the full article go to: http://bigfatfinanceblog.com/2009/04/15/the-new-premium-on-risk-information/ --IFRS Pros and Cons New case studies are providing insight on the conversion to IFRS. The large accounting firms (those with the most SEC registrants) are a good source for IFRS information; not only do they possess the expertise, but also they have a potentially huge financial stake in the conversion, as IFRS compliance will likely prove complex, time-consuming, and profitable (or costly, depending on where you sit). To view the full article go to: http://bigfatfinanceblog.com/2009/04/06/ifrs-pros-and-cons/ --2009 Internal Audit Priorities: IFRS, XBRL, and IT Risk The volatile economy is boosting the rigor that the internal audit function applies to GRC activities. The impact is evident in "a real shift" in the internal auditor's view of risk and "how it's managed compared to years past," according to Bob Hirth, executive vice president of global internal audit at Protiviti. To view the full article go to: http://bigfatfinanceblog.com/2009/04/13/2009-internal-audit-priorities-ifrs-xbrl-and-it-risk/ --The Dark Side's Bright Side: Lower Compliance Costs The financial crisis, which is ushering in a brand-new era of regulation, is causing many small public companies to consider if they should "go dark." To view the full article go to: http://bigfatfinanceblog.com/2009/04/08/the-dark-sides-bright-side-lower-compliance-costs/ --Grassroots Accountability Last week, MoveOn.org, a political action committee, sent an email to more than 3 million members urging them to mobilize to oust Bank of America CEO Ken Lewis. How could tactics like this affect companies' approach to accountability and corporate governance? To view the full article go to: http://bigfatfinanceblog.com/2009/04/09/grassroots-accountability/ --The Board's New GRC Questions Regulatory shifts loom on the horizon, yet GRC executives are starting to be confronted with a more immediate change: the behavior of their directors. Associations and consultants who represent and serve corporate directors are not waiting to see how the new regulatory regime ultimately shakes out. Instead, these experts have been busy working with directors to help them expand their own governance, risk, and compliance management awareness and activities. To view the full article go to: http://bigfatfinanceblog.com/2009/03/30/the-boards-new-grc-questions/ --Weather Risk Management Mitigates Financial Risk Everybody complains about the weather -- but, now, more companies are doing something about it. "Weather risk management will protect the bottom line," says Weather Risk Management Association President Martin Malinow. "A large percentage of the world economy feels the financial impact of Mother Nature and can now respond proactively by using weather risk management tools." To view the full article go to: http://bigfatfinanceblog.com/2009/03/27/weather-risk-management/ --GRC Maturity Study: How GRC Programs Respond to the Downturn A look at how leading GRC programs are strengthening strategic decision-making in the best and worst of times. Plus, exclusive findings from our 2009 GRC Maturity Study. To view the full article go to: http://businessfinancemag.com/article/grc-goes-deep-0330 --Transparency Fuels Need for Reputation Risk Management Reputation risk management is on the rise, according to the Conference Board. Why is it rising? There are several reasons, including the development of methodologies that quantify the value of reputation and the growing impact of social media (and the continued failure of most companies to address this impact). To view the full article go to: http://bigfatfinanceblog.com/2009/03/20/transparency-fuels-need-for-reputation-risk-management/ --Hear Aon's CFO Discuss Setting Priorities in Tough Times The 6th Annual BPM Summit, Generating Value Through Visibility, brought together some of the business world's foremost practitioners to explore the transformational role of finance in the enterprise. If you missed the live event, you can still enjoy unlimited access to the audio and slide shows from the keynote speaker presentations at our on-demand archive. To view the full article go to: http://bpmmag.net/summit/2008/ ---------------------------------------- Sponsor: Business Finance http://businessfinancemag.com ---------------------------------------- Webcasts ---------------------------------------- How Ready Are You for Performance Management? http://w.on24.com/r.htm?e=140756&s=1&k=E098A9865D12CBD67E207509486BB78C&partnerref=newsletter CFO Strategies for Immediate Impact and Beyond http://w.on24.com/r.htm?e=141772&s=1&k=51CE564AA4BAD6B3BF257231FE81F69D&partnerref=newsletter GRC Comes of Age: Leading Practices, Hazardous Pitfalls http://w.on24.com/r.htm?e=138278&s=1&k=16F388723A72A9DF38CDFE14897829D0&partnerref=newsletter ---------------------------------------- Video ---------------------------------------- After being followed at a measured pace for most of the past decade, the schedule for implementing International Financial Reporting Standards (IFRS) within the U.S. appears to be in flux, and will more than likely be extended. David Kaplan, leader of PricewaterhouseCoopers LLP's International Accounting and SEC Services Group recently fielded a few questions concerning the adoption of international standards by American companies. Join the Conversation! http://bigfatfinanceblog.com/2009/04/14/ifrs-or-standards-convergence/ ---------------------------------------- In this Issue ---------------------------------------- Business Finance magazine now FREE to qualified subscribers. Subscribe now! (http://businessfinancemag.com/subscribe) ---------------------------------------- Sponsorships ---------------------------------------- IF YOU WANT TO SPONSOR Business Finance, contact: Publisher, Matthew Weiner, 212-204-4221, mweiner@penton.com New England, Matt Butcher, 212-204-4240, matt.butcher@penton.com East/Southeast/Midwest, Jack Walsh, 516-520-0398, jwalsh@penton.com Texas/Minnesota, Marc Angel, 212-204-4201, marc.angel@penton.com West, Neil Dant, 949-838-2117, neil.dant@penton.com ---------------------------------------- Feedback ---------------------------------------- IF YOU HAVE QUESTIONS, comments, or reader feedback about an item covered in GRC Finance Link, contact our online editorial staff at newsletter@businessfinancemag.com. ---------------------------------------- Press ---------------------------------------- PRESS RELEASES CAN BE SUBMITTED electronically to Business Finance by e-mailing pressreleases@businessfinancemag.com. ---------------------------------------- ABOUT THIS NEWSLETTER To unsubscribe click here http://email.businessfinancemag.com/webforms/newsletter/unsub/?email=#email#&lid=#list_id#&mid=#message_id# Copyright 2008, Business Finance (a Penton Media Publication) 249 West 17th Street (3rd Floor) New York, NY 10011 http://www.businessfinancemag.com