Web-based Tool Designed To Improve Control of Operational Risk Now Available | AccountingWEB

Web-based Tool Designed To Improve Control of Operational Risk Now Available

An innovative tool for managing operational risk is brought to you by Ernst & Young LLP and J.P. Morgan. The two global companies joined forces to launch Horizon.

Horizon works to show companies exactly what operational risks they are facing and helps save them time and money by streamlining manual control procedures. The standardized nature of Horizon’s reporting also will help all managers of all levels to identify and understand a company’s risks.

Currently, companies typically rely on control self-assessment (CSA) programs to manage risk. However, CSAs can be very costly and may not provide accurate results due to the methods used. E&Y’s Risk Management Practice is offering Horizon to the public to help companies obtain a more accurate risk assessment at a lower cost.

Don’t worry about Horizon’s "break in" period. The software has been in place at J.P. Morgan for a while now. It’s just being offered to a broader audience because “good risk management benefits everyone.”

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.