“Ghost employees,” falsified hours, and unearned commissions can put a serious dent in company profits. Here are tips for stopping payroll fraud – and detecting it quickly if it occurs.
Companies lose an estimated 5% of their revenue in a given year as a result of fraud by employees and insiders. But a well-designed system of controls can help prevent and detect fraud—and minimise the damages.
A new type of engagement that is under development will give auditors a framework for providing organisations with an evaluation of their cybersecurity risk management.
Regulators worldwide are increasingly co-operating to pursue financial crime, but multinational companies haven’t fully aligned their due diligence. Here are four ways to ensure your anti-corruption programme is up-to-date.
Even entities with small budgets should have internal controls in place. Here are five low-cost strategies for smaller organisations interested in fending off large-scale financial problems.
Companies are increasingly expecting outsourcing to do more than reduce costs. Meanwhile, third-party risk-reporting regulations are evolving. Here are five recommendations to better manage third-party assurance programmes.
The exact details of how Great Britain’s exit from the EU will affect company supply chains remains unknown. But the Brexit arguably provides opportunities for businesses to plan for the changes and seek ways to capitalise on them.
Transparency in financial reporting is a key component of robust and accountable governance, especially in emerging markets where corruption scandals have harmed multinationals battling slowing economic growth.
Deeper conversations about business issues and improved resource allocation are among the benefits of integrating enterprise risk management into an organisation’s strategy.
Alex Stojanovic, a director of the Centre for Governance, Risk & Accountability at the University of Greenwich, outlines the critical questions senior management teams should ask in the wake of the referendum result.
Multinational companies have tools available to manage short-term currency risks triggered by highly unusual and powerful events such as the June 23 vote on the UK membership in the EU.
New research shows that 30% of FTSE 100 annual reports withhold relevant workforce-related information and, consequently, provide investors with an inaccurate view of opportunity and risk.
