Risks Abound: The Current State of Internal Controls
Riveron experts recently surveyed professionals across nearly 40 public and privately held business organizations. Here’s what companies shared about the current state of risk management, internal controls, and governance:
PREDICT M&A OR IPO-DRIVEN CHANGES
Companies are already conducting mergers and acquisitions (50%), anticipate a merger or acquisition in the near future (22%), or have plans to issue an initial public offering (9%).
Read more about comprehensive approaches for addressing risks during mergers and acquisitions.
When asked whether their organizations have adequate controls, nearly 60% noted a lack of confidence or uncertainty. An additional 10% indicated their companies definitely have unaddressed risks or insufficient controls.
Success story: learn how one evolving company tackled new risks by rolling out a SOX-readiness program during its journey to go public.
85% of organizations have experienced significant or complete employee turnover, and these evolving workplace dynamics can reshape the risk landscape.
Watch a related webinar that explores employee turnover and other trends and provides governance considerations for today’s businesses.