BF_GRC FINANCE LINK Penton Media July 15, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/businessfinance/v/199 ---------------------------------------- ADVERTISEMENT Business Finance and BPM Magazine have partnered with Palladium's Business Performance Conference! Join us in Miami, September 16-17 and discover how to Measure, Monitor, and Manage What Matters! Register using code BPMNL and SAVE $1000*! Click here or call 800.554.2111 today. Download the Brochure >> *Valid on new registrations only. Cannot be combined. http://www.thepalladiumgroup.com/events/exec/performance09/Pages/overview.aspx ---------------------------------------- TODAY'S ALERTS --Case Study: Siemens Retools GRC Approach Siemens Financial Services is using technology, processes, and a team of former internal auditors to empower management and business process owners to assume greater control of ensuring that the internal controls in their area are effective, executed properly, and, when necessary, adapted to reflect changing business conditions. To view the full article go to: http://businessfinancemag.com/article/monitoring-matters-0714 --Rating Helps Identify Most Trustworthy Companies Research firm Audit Integrity's accounting and governance risk (AGR) rating, which it calls "an assessment of the quality and transparency of corporate behavior ... based on objective statistical assessments of high-risk behavior, measuring multiple financial and non-financial criteria," is helping Forbes determine the trustworthiness of companies. To view the full article go to: http://bigfatfinanceblog.com/2009/07/15/most-trustworthy-companies/ --Getting Started with Continuous Monitoring If you're new to continuous monitoring, purchase-to-payment is a good area of the organization to begin implementing the technology, according to Harald Will, the president and CEO of ACL Services. Will says, "Whether checking for supplier fraud, internal fraud, or simple errors, p-to-p is a good place to start, and it usually yields results." To view the full article go to: http://bigfatfinanceblog.com/2009/07/10/getting-started-with-continuous-monitoring/ --GRC: Why IFRS Is Not SOX Some of the excitement and anxiety surrounding the IFRS conversion stems from the frequent comparison of this pending requirement to the Sarbanes-Oxley Act. Many experts have offered the SOX-IFRS comparison, however, there are several reasons why it misses the mark, and they're important to keep in mind. To view the full article go to: http://bigfatfinanceblog.com/2009/07/01/ifrs-is-not-sox/ --Recessions and Risk Management Investments Emerging evidence suggests that successful companies may be using the current recession to invest in improvements to their risk management capabilities. According to respondents in a new Accenture survey, specific risk management problems include: ineffective integration of risk, return, and capital issues in decision-making (85 percent); lack of alignment between the company's strategies and its risk appetite (85 percent); insufficient enterprise-wide risk culture (82 percent); and inadequate availability of timely risk, finance, and business data (80 percent). To view the full article go to: http://bigfatfinanceblog.com/2009/07/13/recessions-and-risk-management-investments/ --Continuous Monitoring Keeps Fraud at Bay Continuous control monitoring (CCM) technologies can be a cost-effective way to strengthen your internal control environment. Some of the possible benefits include quicker fraud detection, improved SOX compliance, a reduction in audit fees, continuous validation of transactions, and the ability to identify potential areas for cost reductions in your business processes. To view the full article go to: http://bigfatfinanceblog.com/2009/07/07/under-the-radar/ --Intel's Former Chief Offers Recession Remedy Former Intel honcho Craig Barrett offered New York Times columnist Tom Friedman five steps for how the United States could and should emerge from the global economic downturn. Among them, Barrett suggests revamping Sarbanes-Oxley, extending health insurance to all Americans, and lowering corporate taxes. To view the full article go to: http://bigfatfinanceblog.com/2009/06/29/gut-sarbanes-lower-corporate-taxes-insure-everyone/ --How Integrated Business Planning Can Help Integrated business planning (IBP) can increase your organization's financial return and improve its strategic position. Learn more by reading Ventana Research's report "Integrated Business Planning: Redesigning Planning for a More Dynamic Business Environment" in the BPM Resource Center. To view the full article go to: http://resources.bpmmag.net/index.html?action=viewSponsors&sponsorID=11&userID=1363 --BPM Summit Presentation: Unlocking Finance Transformation Road Blocks The 6th Annual BPM Summit 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 access to the audio and slide shows from the keynote presentations at our on-demand archive. To view the full article go to: http://bpmmag.net/summit/2008/ --Tell Us About Your Treasury Efforts: Chance to Win a $100 Gift Card How are treasury departments, now in the full glare of the corporate spotlights, marshaling their resources? What strategies and technologies are they mobilizing to keep the lifeblood of their organization flowing? Help us find out by participating in this 10-minute survey. And if you respond by July 24 you'll be entered into a drawing (http://insidepenton.com/research/er/BF/bftreas2009.htm) to win one of two $100 Visa gift cards! To view the full article go to: http://insidepenton.com/research/er/BF/bftreas2009.htm ---------------------------------------- Palladium and the BPM Summit http://www.thepalladiumgroup.com/events/exec/performance09/Pages/overview.aspx ---------------------------------------- Webcasts ---------------------------------------- Death of the Budget: The Rise of Continuous Planning and Forecasting in 2009 http://w.on24.com/r.htm?e=154192&s=1&k=D3F2F2ECC1E422800ECC743759626594&partnerref=newsletter How to Use CPM to Drive Profitability and Cost Optimization http://w.on24.com/r.htm?e=155260&s=1&k=C4878E9B962C090AA7652AE8B9C249EC&partnerref=newsletter ---------------------------------------- Video ---------------------------------------- How to Realize Merger Synergies: Susan Dettmar Cypra, principal, Archstone Consulting explains what steps companies need to take to better realize the revenue and profit gains a merger or acquisition promises to deliver. http://businessfinancemag.com/video/how-realize-merger-synergies-0715 ---------------------------------------- In this Issue ---------------------------------------- Business Finance magazine now FREE to qualified subscribers. 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