GRF CPAs & Advisors Supports International Fraud Awareness Week
GRF is once again promoting anti-fraud awareness as an official supporter of International Fraud Awareness Week, taking place November 12 – 18, 2023. Supporting organizations are spreading the word about identifying and preventing fraud, and GRF is sharing helpful tools and information, which can be accessed on the firm’s Fraud Awareness Tips and Resource Page….
Fraud Awareness Tips and Resources
International Fraud Awareness Week takes place November 12 – 18, 2023 Fraud Awareness Week highlights how crucial it is for organizations to pause and reflect on the evolving landscape of fraud risks. In an era where the convergence of technology and human ingenuity continues to shape our world, the need for proactive risk management is…
A Guide to Third Party Risk Management
Understanding and mitigating third party risk has become more important than ever, which makes now the perfect time for your organization to implement a third-party risk management program. This guide covers several aspects of third-party risk management, including steps for developing a program, tips for vetting new vendors, and the new risks presented by AI tools.
Cybersecurity and Privacy Become Key ESG Imperatives
By Melissa Musser, CPA, CITP, CISA, Partner and Director, Risk & Advisory Services Cybersecurity and privacy issues have become prominent ESG concerns as organizations frequently manage sensitive information concerning their beneficiaries, employees, third parties, and other stakeholders. Protecting this data from cyber threats and ensuring privacy is a crucial responsibility, as stakeholders expect organizations to…
Risk Management is on the Rise at Not-For-Profit Organizations
2023 State of Risk Oversight Survey Results By Amy Wares, CPA, MBA, Enterprise Risk Management Specialist Managing risk is more challenging than ever. New research reveals that not-for-profit organizations are responding by expanding their risk management practices. On July 11, 2023, the Enterprise Risk Management (ERM) Initiative at NC State University published the 14th edition…
How ERM Helps Organizations Navigate Their ESG Journey
ESG (Environmental, Social, and Governance) frameworks provide a sustainable approach to doing business. Existing ERM tools can help support these efforts.
Optimize Risk Management Efforts with Enhanced Collaboration
To some extent, all business functions are responsible for managing risks. However, certain departments have direct responsibilities in risk management, such as Internal Audit, Enterprise Risk Management (ERM), and Fraud Risk Management. Integrating and fostering collaboration between these functions can result in more effectively addressing risks and protecting against fraudulent activities. This is particularly critical…
How INGOs Can Maximize Their Internal Audit Function
International Non-governmental Organizations (INGOs) are particularly vulnerable to fraudulent activity due to their multinational offices and dependence on remote access technologies. These geographically dispersed organizations need to get the full benefit of their internal audit function, where most fraud can be detected or prevented. This was a prevailing issue at a recent Humentum CEO Roundtable…
Best Practices for Mitigating Risk in Expense Reporting Platforms
Expense reporting platforms have simplified the review and approval processes, making it easier to submit documentation for payment. However, this convenience can also lead to less stringent review of submitted documents and opportunities for changing electronic receipts. As a result, organizations need to implement best practices to reduce the risk associated with these reporting systems….