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Parkview Risk Advisors, established in 2009, is a business advisory firm that partners with you to solve your performance challenges through process design, improvements, standardization and establishment of internal controls and monitoring mechanisms.

Parkview's expert team brings former Big 4 and regional consulting firm leaders to provide exceptional value to cost ratio. Our team combines expertise in governance, business, operational, financial and technology processes, risks and controls to offer a holistic solution.

COSO Announces Project to Update Enterprise Risk Management - Integrated Framework 

October 2014 

The Board of The Committee of Sponsoring Organizations of the Treadway Commission (COSO) on Oct. 21, 2014 announced a project to update the 2004 Enterprise Risk Management–Integrated Framework (Framework). The Framework is a widely accepted framework used by management to enhance an organization’s ability to manage uncertainty, consider how much risk to accept, and improve understanding of opportunities as it strives to increase and preserve stakeholder value.

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 ACFE Report to the Nations on Occupational Fraud and Abuse

October 2014
 

The Association of Certified Fraud Examiners (ACFE) has warned about the loss that organizations may face due to complacency over financial fraud.  Research conducted by the ACFE demonstrates that long lasting undetected fraud may result in tremendous financial loss to an organization. The study shows the correlation between anti-fraud controls and the duration and cost of fraud.   

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SEC's Office of Compliance Inspections and Examinations (OCIE) - Cybersecurity Initiative

October 2014 

Upon announcing its examination prrities, the SEC warned Registered Investment Advisors (RIA's) in January that SEC examiners will be testing their cybersecurity preparedness starting in 2014.  The SEC also conducted a cybersecurity roundtable to explore and better understand the vulnerability of regulated entities such as broker-dealers and RIAs.   The OCIE Cybersecurity Initiative scrutinizes cyber security risk evaluation, threat detection, protective measures, and response plans to cyber attacks. There's more than one kind of inspection or examination that can be conducted by the OCIE: these include a standard examination assessing overall security practices and a close inspection of the firm following a particular problem. 

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