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Deloitte Enterprise Risk: Issue 2

A quarterly series of books delivering Deloitte's leading knowledge and experience on enterprise risk


The second issue of "Deloitte Enterprise Risk"  was published in December 2011. 

A subscription receipt is attached below for anyone who is interested in purchasing this book.

Themed "Corporate Internal Control Assessment - Dealing with internal and external changes and promoting a healthy development", the second issue looks at the following:

Feature – Corporate Internal Control Assessment

  • Perfecting internal control supervision for an effective operation: A case of internal control assessment experience by China State Construction Engineering Corporation
    The issuance and implementation of the Basic Standard for Enterprise Internal Control as well as its Supplemental Guidelines has put higher requirements on internal audit in China. This article features an interview with Mr. Guo, the Head of Audit Office of China State Construction Engineering (CSCE). During the interview, Mr. Guo took the example of performing internal control assessment by the internal control function of CSCE, from the angles of strategic positioning of internal audit, internal audit's role in establishing long term internal control system, and performing internal control assessment, and systematically explained how internal audit could help with the assessment and supervision mechanism of an enterprise's internal control.  

  • 2011 Survey of Corporate Governance in Chinese listed companies: In-depth understanding of the standards and performing adapted internal control
    Based on the findings of the survey conducted by Deloitte's ERS from the past four years, the 2011 survey aimed to further understand and study the status of Chinese listed companies in establishing and assessing internal control, as well as the necessary measures taken to meet the supervision requirements. It was intended to get a deeper insight on the status of listed companies in implementing the standards and the difficulties they encountered, and the means sought  to further use internal control to improve and elevate the operational efficiencies of listed companies. The survey focuses on four main categories:

    1. companies' recognition of internal control
    2. status of implementing internal control
    3. major problems encountered during implementing internal control
    4. the impact of implementing internal controls on corporate operations and management.

  • Corporate internal control assessment in practice:  Better effectiveness based on the Evaluation Guidelines
    Through an in-depth interpretation of the Evaluation Guidelines on Enterprise Internal Control, this article explains in great details why, what, where, who, when and how to perform an internal control assessment.

  • Hedging in theory and practice: Hedging & Delta (Δ)
    This article explains and analyzes the theory of hedging and the potential risks and risk-counter measures when performing derivative transactions in practice.

  • Risk Management for finance companies: Thoughts on capital sufficiency
    Following the trend of conglomeration, there are more and more finance companies being established within big group enterprises in order to adapt to the requirements of financial reformation and provide an efficient platform for group-level financial planning and centralized financial management.  However, finance companies performing various functions run into similar risks faced by commercial banks, for example credit risk, market risk and operation risk, etc. Capital sufficiency management has proved its value in sustainable corporate development and is the starting point for this article to discuss risk management of finance companies.

  • Analysis on short-term and mid-term finance coupon markets in the first half of 2011 and reflections on related policy trends
    During the periods of monetary contractions, short-term and mid-term coupons are issued by many companies to ease their cash-flow strain. This article analyzes the short and medium term coupon markets in the first half of 2011 from the perspectives of issue volumes, issuers' industry distributions, holder structures, major investment bankers, credit ratings and coupon rates. The article also shares the author's reflections on how to effectively finance through issuing corporate coupon debts.


  • The Information Development and Management series: Status of Information Security Standards and regulations on cloud technology
    Following a wider application of cloud technology, an increasing amount of enterprises are made aware of its opportunities and benefits by integrating the technology into their organizations' operation. However, companies considering the use of this technology need to be ready for the risks and impact brought along to their business. This article will focus on introducing the regulations and information security standards on cloud technology, so as to help the readers assess their respective statuses and adjust their internal policies, processes and structures to meet the requirements of regulations.


  • Internal Control Practice - Purchases II:  Ordering and purchasing requisition;
  • Short stories on risk management in insurance industry (1): Never neglect integrity in sales

Risk management terminology

In this issue, the featured phrase that is related risk and control is "Quality Assessment Service (QAS)".

Book recommendation

 "Risk intelligence: Learn to manage the unknown".


Related links

  • Enterprise Risk Services
    Learn how we can help you better identify, measure and manage risk and enhance the reliability of your control system and procedures
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