In this volatile, turbulent and high risk economy the practice of Risk management plays a vital role in the corporate sector. Almost all publicly listed organizations have implemented Enterprise Risk Management practice (ERM) that has developed increased quality, effectiveness, and transparency.
I write this article “six prominent corporate fraud and scandals” for two reasons, one – for the most part as the Internal Audit and Internal Risk Management functions gain popularity as a profession there is still reluctance on part of the companies
Capability Maturity Model Integration (CMMI) broadly refers to a “process improvement” approach that is based on a structured model. Originally the CMMI model was developed by the software development industry to manage their application or software development process in a structured