PWC Launches New Performance Risk Management Service

PricewaterhouseCoopers announced this week a new Performance Risk Management (PRM) advisory service for CEOs, CFOs and board directors. The new PRM service will help corporations improve the quality and adequacy of management reporting, especially in the area of identifying risks that could impact short and long term performance. The service will be supported by risk management software licensed from Metapraxis Limited.

PRM provides a fresh approach to reporting, analyzing, predicting, and monitoring key business and financial metrics, allowing management to focus their attention on steps to improve performance and thus shareholder value. The service introduces greater transparency between the finance and business communities through the adoption of common views of key metrics.

"US companies are aggressively evaluating their core processes to improve efficiency and enhance controls to meet the requirements of Sarbanes-Oxley. They now appreciate the need to sustain these core processes and evaluate performance risk. The monitoring of performance risks on a timely basis will become an essential business requirement," said Fred Cohen, a partner with the US firm of PricewaterhouseCoopers LLP.

You may like these other stories...

You probably don't want to think about how many times you access the File menu in Excel 2010 or 2013. Personally I think Excel 2010 has the best possible File menu arrangement, other than having Print Preview grafted...
Following other recent high-profile hacking events, investigators discovered yesterday that hackers broke into the draft work paper files of several famous CPA firms. Revealing images of the scantily clad documents have been...
For bitcoin users, the taxman cometh. And you best know how to calculate taxes owed on what the IRS calls convertible virtual currency.In March 2014, the IRS issued Notice 2014-21, which declares virtual currency will be...

Already a member? log in here.

Upcoming CPE Webinars

Sep 18
In this course, Amber Setter will shine the light on different types of leadership behavior- an integral part of everyone's career.
Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.