BF_GRC FINANCE LINK Penton Media November 18, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/businessfinance/v/249 ---------------------------------------- ADVERTISEMENT Cash is King: Minimizing Audit Risk to Protect Cash Flow Tax audits are increasing in pace, scope and severity as a result of the economic conditions. Read this paper from Sabrix to learn how today's elevated audit risk is impacting your cash flow, and what you can do about it. http://businessfinancemag.com/content/sabrix-cash-is-king-1013 ---------------------------------------- TODAY'S ALERTS --Answers to Your IFRS Questions The frequency with which you and your colleagues ask questions about International Financial Reporting Standards (IFRS) will probably increase in the coming months. So, Protiviti's "Guide to International Financial Reporting Standards," which answers questions like "Where can I find the pronouncements regulating IFRS?" and "What lessons can be learned from the conversion experiences of other countries?," is timely. To view the full article go to: http://bigfatfinanceblog.com/2009/10/28/ifrs-faqs/ --Managing Gray-Matter Risk In this Q&A, Jacob Ukelson, chief technology officer of ActionBase, explains how human process management (HPM) can lower risk and bring visibility and structure to the "unstructured, ad-hoc human-to-human interactions." To view the full article go to: http://businessfinancemag.com/article/companies-lower-risk-through-human-process-management-1110 ---------------------------------------- ADVERTISEMENT To download the latest Partner Resources, please view the web version of the newsletter or visit businessfinancemag.com. ---------------------------------------- --Why Continuous Monitoring Is Critical in Healthcare "Continuous controls monitoring is just like monitoring a patient's vital signs," says Tom Boyle, district audit officer at Palomar Pomerado Healthcare (PPH). "You have a constant record of that patient's health and you are notified immediately if something goes wrong." Continuous monitoring also enables business owners to continuously monitor the controls within their areas of responsibility, helps managers properly validate bills and charges, and provides performance information that they can use in negotiations with insurance companies. To view the full article go to: http://businessfinancemag.com/article/your-internal-audits-vital-signs-1116 --Rethinking Risk Management for 2010 In the coming year, corporate leaders need to take a more holistic and pragmatic perspective on risk, according to Alec Arons and Bob Harman, authors of Tatum's new white paper. The report is worth a look -- particularly for the bullet points on what a strategic risk management framework should accomplish. To view the full article go to: http://bigfatfinanceblog.com/2009/11/16/rethinking-risk-management-for-2010/ --Companies With Impressive GRC Efforts Keep Quiet Identifying GRC best practices can be a challenge because often the companies with the most impressive GRC efforts don't want to discuss their success. Two reasons companies stay silent: their GRC initiatives were motivated by the fact that they got into regulatory hot water or they're experiencing compliance problems in other areas of the organization. To view the full article go to: http://bigfatfinanceblog.com/2009/11/13/defining-grc-achievement/ --Is Risk Management Part of Performance Management? You can make a strong case that risk management is a subset under the much broader umbrella of enterprise performance management, according to Gary Cokins. The BPM expert explains why in his new Strategy Management (http://bigfatfinanceblog.com/category/strategy-management/) blog. To view the full article go to: http://bigfatfinanceblog.com/2009/11/16/is-risk-management-part-of-performance-management/ --Global Fraud Rate Steady For the past two years, at least 85 percent of global companies reported experiencing at least one instance of fraud within their organization. During the same period, more than one-quarter of all companies reported at least one incident of information theft, Kroll's Global Fraud Survey found. To view the full article go to: http://bigfatfinanceblog.com/2009/11/12/global-fraud-rate-steady/ --Your Crystal Ball: Sales Forecasting and Demand Planning How integrated are your company's sales forecasting and demand planning (SFDP) activities? Combining these forward-looking functions can increase innovation and effectiveness. Read Ventana Research's Analyst Note "Integrate Sales Forecasting and Demand Planning" in the BPM Resource Center to learn more. To view the full article go to: http://resources.bpmmag.net/index.html?action=viewSponsors&sponsorID=11 --The Need for Profitability and Cost Management As indirect costs rise and economic pressures increase, the need for profitability and cost management (PCM) also grows. Read this Thought Leadership white paper to find out more about how PCM drives business performance by finding drivers of cost and profitability, empowering users with visibility and flexibility, and improving resource alignment. To view the full article go to: http://businessfinancemag.com/whitepaper/dont-miss-these-oracle-whitepapers-0922 --ROI in Business Performance: Avoiding BPM Blind Spots and Growing Your IT Investment's Impact When it comes to tracking the success of your company's business performance applications, what you don't see can hurt you. In this on-demand webcast, you'll hear how performance management technology is capable of eliminating costly BPM blind spots. We'll reveal the findings of a commissioned study conducted by Forrester Consulting that examined the potential return on investment that enterprises may realize by deploying Tagetik 3.0 performance management software. To view the full article go to: http://w.on24.com/r.htm?e=159049&s=1&k=8D02CC97BD5064F3A79F6AD17A4C2C20&partnerref=newsletter ---------------------------------------- Sabrix http://businessfinancemag.com/content/sabrix-cash-is-king-1013 ---------------------------------------- Webcasts ---------------------------------------- SEC XBRL Mandate -- Level IV Filing Guidance for the CFO http://w.on24.com/r.htm?e=179046&s=1&k=AB70164220C0D995BD615CB01C33C1A1&partnerref=newsletter T&E's New Rules: Innovation Is The Key to Unlocking Expense Management Savings http://w.on24.com/r.htm?e=163536&s=1&k=42230754B7377643D2AB2AB021013910&partnerref=newsletter Trends in Accounts Payable Automation: Electronic Invoice Management http://w.on24.com/r.htm?e=168247&s=1&k=3C6407712048EA78BCA2E7A785758758&partnerref=newsletter ---------------------------------------- Video ---------------------------------------- New Rules for Turbulent Times David Axson, co-founder of the Hackett Group & author, explains what new rules need to be applied to advance performance in a downturn. http://businessfinancemag.com/video/new-rules-turbulent-times-1106 ---------------------------------------- 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, Rich Santos, 212-204-4227, rich.santos@penton.com New England, Matt Butcher, 212-204-4240, matt.butcher@penton.com East/Southeast/Midwest, Jack Walsh, 516-520-0398, jack.walsh@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 2009, Business Finance (a Penton Media Publication) 249 West 17th Street (3rd Floor) New York, NY 10011 http://www.businessfinancemag.com