RSM Australia

Risk Insider Newsletter - Edition #1

Technology Insights
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Welcome to our first edition of Risk Insider.
 
Recently we have seen some interesting developments around the world that have redefined how companies and government entities view risks. It has been a busy period for risk and compliance professionals. There have been a significant number of changes that Boards, Chief Executive Officers and Chief Risk Officers have had to deal with which has accelerated change and the need to access the right risk and compliance advisors has never been as strong. 
 

The Financial Services Royal Commission has been an obvious catalyst, and this has raised consciousness at Board level in all sectors. The volume of work post Royal Commission has been a key driver in risk and compliance functions looking to restructure or reinvent themselves. 
 
We have seen record fines being levied by the regulators in Europe. In the UK alone, fines have totalled USD$370m for data breaches – so fail to guard your data at your peril is the loud message being sent by regulators.
 
RSM view data privacy as a key risk area for our client’s audit coverage, and we are pleased to welcome Darren Booth as our new Partner who will focus on data protection and cyber security. 
 
We have been a proud supporter of diversity and inclusion. Over the past 12 years, RSM has held several Women on Boards lunches with the next being held in Melbourne on Monday, 12 August 2019, where we will discuss the topical issue of “Leadership, Culture and Governance for Boards – The Road Ahead”. Mr. John Stanhope AM, a highly respected and experienced Governance Thought Leader and transformation expert, will be our guest speaker. 

Jean-Marc Imbert
National Head of Risk Advisory
I trust that you will find our first edition of Risk Insider very insightful and informative.  
 
Cheers,
Jean-Marc
 
 

We are excited to launch our Mega Trends series, a 5-part thought leadership series that will focus on the five key global mega trends impacting the financial services industry, from banks to insurance companies, to exchanges, brokers and financial institutions. The first trend we will focus on is Automation and AI, coming soon!
 
Introducing the newest member of Risk
With over 17 years of experience, Darren Booth joins RSM as the National Head of Security and Privacy Risk Services, specialising in security advisory, technology risk consulting and data analytics.

 
ARTICLES & SERVICES
ASX Governance Principles
The fourth edition of the ASX Corporate Governance Council’s Corporate Governance Principles was released on 27 February 2019. Find out the key points from this edition and what has changed.
 

APRA Self Assessment Paper
This article explores the key findings from APRA's Self-Assessment paper and looks at their next steps in strengthening prudential expectations and intensifying the supervision of governance, accountability, and culture.

 
Capitalising on Workplace Culture
"Culture can be the difference between a business that lasts and one that crumples under pressure." We explore how you can capitalise on the culture within your organisation.

ACCC Undertaking Audit Services
RSM employs a six-stage approach to conducting undertaking audit services, specifically tailored to suit each unique circumstance. Click the below to find out more.

 
EVENTS

Fresh from the ACFE 30th Global Fraud conference, Roger Darvall-Stevens returns to present key findings and the latest local developments, including the whistleblower reforms at RSM's Fraud Update Event series.
Events will be held in:
  • Melbourne - 13 August
  • Sydney - 22 August
  • Brisbane - 3 September
Interested in attending?
Click the below to register your interest.
 
 
CFE Exam Review Course for Australia
RSM Australia is the exclusive ACFE Authorised Trainer for the CFE Exam Review Course for Australia. Following successful training sessions run in Melbourne and Sydney, next stop is Canberra this October.
Tuesday 15th October - Friday 18th October 2019.

 
 

Authors

Jean-Marc Imbert
National Head of Risk Advisory
Darren Booth
National Head of Security and Privacy Risk Services
Roger Darvall-Stevens
National Head of Fraud & Forensic Services
Tim Pittaway
Partner - Sydney
Jeremy Elman
Principal - Sydney
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