Open Pages Resource Library
OpenPages White Papers
White Paper: 8 Principles of Risk Convergence and Implications for GRC Technology Solutions
Security breaches involving customer records and multi-billion dollar losses arising from rogue trading activities are just some of the high profile risk events that amplify the importance of Governance, Risk and Compliance (GRC) to a firm’s economic health. Risk convergence within a GRC framework aids the organization in reaching the next level – controlling costs, achieving efficiencies, managing risk and providing better support for business decision-making.
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White Paper: Internal Audit and Its Evolving Role in ERM
Internal audit is evolving from its traditional role of record examination and identification of policy violations to a more modern, consultative approach aimed at risk mitigation. As part of this evolutionary process, internal auditors have also focused more of their efforts on the risk assessment process and a top-down approach to audit scoping.
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White Paper: Driving Business Performance with Enterprise Risk Management
ERM provides organizations a programmatic way to deal with business uncertainty and the associated risk and opportunity. By utilizing disciplined risk and compliance management programs, firms can manage unexpected outcomes and reduce the impact of risk events when they do occur. But enterprise risk management encompasses more than balancing risk and reward, and it goes beyond regulatory compliance. Providing enhanced visibility into the risk landscape, ERM empowers business managers to make smarter decisions that maximize value, reduce costs and balance risk with returns. When embedded into everyday processes at all levels of the organization, risk management will drive business performance.
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White Paper: Reducing SOX 404 Compliance Costs via a Top-Down, Risk-Based Approach
The four-step process for implementing a top-down, risk-based approach to establishing scope and test strategies for internal controls. When combined with appropriate technology support and sound business acumen, it can significantly reduce the costs for Sarbanes-Oxley documentation and testing.
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White Paper: Operational Risk Management — Beyond Compliance to Value Creation
More than ever, corporate directors, business executives, and risk professionals realize that operational risk is critical not only for regulatory compliance but also for operational efficiency and effectiveness. In fact, there is a growing body of empirical research and survey data that would support two observations about ORM — (1) ineffective ORM is a key contributing factor when companies suffer a significant decline in market value, and (2) companies with effective governance, risk, and compliance programs are associated with higher levels of profitability and market valuation. This white paper shows how your organization can realize the business value of ORM.
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White Paper: The Four Steps to Effective Risk and Compliance Management for Financial Services
Convergence is the key to maximizing an organization’s governance efforts in today’s high-profile financial services industry. It is not an overnight proposition — but a multi-step, continuous process. This paper breaks down the convergence process into four steps toward effective risk and compliance management: Recognize, Harmonize, Synchronize and Rationalize
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White Paper: Summary and Analysis of SEC's Proposed Guidance and PCAOB's Proposed Rule (AS5)
This paper outlines the more significant requirements of the Securities and Exchange Commission and Public Company accounting Oversight Board proposals on internal control over financial reporting (ICFR) issued December 2006. It boils the 200 pages down to a manageable few, focusing particularly on changes from the prior rules and anticipated relevance of the proposals to companies already employing a technology solution to governance, risk and compliance, or those organizations of size, scale or complexity where a technology solution would promote effectiveness and efficiency.
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White Paper: Facilitating "Sound Principles" in Risk Management with OpenPages ORM
The management of risk in today’s global economy is perhaps the single largest challenge an organization faces in its quest for success. Operational risks have been associated with business since the first institution opened its doors and began executing activities and transactions in the pursuit of profits. Over the last few years, however, a combination of factors has prompted executives in the business world to re-evaluate the notion of risk management. This OpenPages whitepaper describes how OpenPages ORM helps facilitate the ten principles outlined by the Basel Committee in its 2003 paper, “Sound Practices for the Management and Supervision of Operational Risk.”
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White Paper: General Compliance Management: Reducing the Cost and Complexity of Complying with Multiple Regulations
In today's highly regulated business environment, organizations must comply with multiple global regulatory mandates, including privacy, industry and process regulations. Regardless of the scope of an organization's compliance environment, similarities across regulations create overlapping management, documentation, control and audit demands, which can overwhelm efforts to identify and manage compliance risk effectively and completely. Migrating away from manual processes for regulatory compliance means the deployment of a technology solution that can centralize and manage compliance activity and provide management with visibility into the organization's entire compliance posture.
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White Paper: A Business Risk Approach to IT Governance
As corporate information technology infrastructure increases in size and complexity, corporations are recognizing the need for a better mechanism for assessing IT?s role and relative alignment to the key corporate initiatives. What began as a series of best practices has evolved into the field known as IT governance. This white paper is for business and technical people and introduces the key concepts and challenges with IT governance and introduces the reader to the IT governance solution provided by OpenPages.
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White Paper: Managing the Risks Associated with Stock Options Backdating
Stock options backdating does not inherently violate any federal mandates. But for companies that lack visibility into option issuance processes, options backdating can create real business risks because of SEC disclosure and IRS tax accounting requirements. Failure to comply with these rules can, and has, resulted in stiff penalties, adverse publicity, loss of employee morale and damage to investor confidence, all of which cause market valuations to plummet. Download this OpenPages whitepaper to learn how these occurrences can be avoided.
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