This post first appeared on GAO Reports. Read the original article. What GAO Found The Federal Information Technology Acquisition Reform Act (FITARA) was enacted in December 2014 to improve federal information technology (IT) acquisitions and can help federal agencies reduce duplication and achieve cost savings. Successful implementation of FITARA will require the Office of Management (more…)
Accounts Receivables Coverage Helps Fill Supply Chain Gaps
This post first appeared on Risk Management Monitor. Read the original article. It is standard for companies to insure and protect cash, inventory, property, plants and equipment, and more recently, data. Companies are insuring every step in the supply chain and sales process from concept to delivery. What is often not insured, however, is the (more…)
Increasing Risk Complexity Outpaces ERM Oversight
This post first appeared on Risk Management Monitor. Read the original article. More organizations are recognizing the value of a structured focus on emerging risks. The number of organizations with a complete enterprise risk management (ERM) program in place has steadily risen from 9% in 2009 to 28% in 2016, according to the N.C. State (more…)
Immigration Status Verification for Benefits: Actions Needed to Improve Effectiveness and Oversight, Mar 23, 2017
This post first appeared on GAO Reports. Read the original article. What GAO Found The Department of Homeland Security’s (DHS) United States Citizenship and Immigration Services (USCIS) has taken steps to assess the accuracy of the information reported by its Systematic Alien Verification for Entitlements (SAVE) system. For example, since 2014 USCIS has conducted monthly (more…)
Aviation Certification: FAA Has Made Continued Progress in Improving Its Processes for U.S. Aviation Products, Mar 23, 2017
This post first appeared on GAO Reports. Read the original article. What GAO Found The Federal Aviation Administration (FAA) has made progress in addressing two rulemaking committees’ recommendations regarding its certification process and the consistency of its regulatory interpretations. FAA has completed 13 of 14 initiatives for addressing the 6 certification process recommendations. For example, (more…)
Veterans Health Administration: Actions Needed to Better Recruit and Retain Clinical and Administrative Staff, Mar 22, 2017
This post first appeared on GAO Reports. Read the original article. What GAO Found Challenges in recruiting and retaining both clinical and human resources (HR) employees along with weak HR-related internal control practices are undermining the Department of Veterans Affairs’ (VA) Veterans Health Administration’s (VHA) ability to meet the health care needs of veterans. In (more…)
The financial paradigm shift – The risk management and performance challenge
This post first appeared on Risk Library. Read the original article. This white paper examines how well firms are managing portfolios given the data, tools and techniques they are currently using, as well as their level of preparedness for sudden shifts in the investment landscape.
Grants Management: Monitoring Efforts by Corporation for National and Community Service Could Be Improved, Mar 21, 2017
This post first appeared on GAO Reports. Read the original article. What GAO Found The Corporation for National and Community Service (CNCS) assesses its grants before the beginning of each fiscal year and prioritizes its grant monitoring based on the scoring of certain indicators, such as potential performance or financial problems and the length of (more…)
RIMS Conference Veterans Offer Advice to First Time Attendees
This post first appeared on Risk Management Monitor. Read the original article. Last week a member of the RIMS Opis online community asked an important question: “What advice can RIMS Annual Conference & Exhibition veterans give to someone attending the show for the first time?” Luckily, the risk management community rushed in with some sage (more…)
Third-Party Risk Management – How to successfully mitigate your organisation’s third-party risk
This post first appeared on Risk Library. Read the original article. This white paper addresses organisational approaches to third party risk management and due diligence. The paper is full of insight, advice and examples to help organizations recognize and address their third-party risk.