IFAC recently convened the first-ever meeting between the issuers and users of risk management and internal control guidelines, including representatives from the Committee of Sponsoring Organizations of the Treadway Commission (COSO), CPA Canada’s Risk Oversight and Governance Board (RGOB), Federation of European Risk Management Associations (FERMA), International Federation of Risk and Insurance Management Associations (IFRIMA), International Organization for Standardization, and Risk Management Society (RIMS).
During the event, Alignment of International Risk Management Guidelines, representatives from participating organizations presented their latest work and future plans, including:
- Dave Landsittel, COSO
- Gigi Dawe, CPA Canada’s ROGB
- Julia Graham, FERMA and IFRIMA
- Vincent Tophoff, IFAC
- Jan Mattingly, International Organization for Standardization’s TC262 on Risk Management
- Carol Fox, RIMS
The presentations were followed by a panel discussion that reinforced the need for further international collaboration and alignment in the area of risk management and internal control. Participants decided to use the momentum from this meeting to initiate a series of collaboration projects.