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Currency Risk: The Purpose and Risk of Money
What Is Money?People may say that “money is the root of all evil,” but is it? It may be best to point out that the original quote is better expressed as, “for the...
Audit Committee: How to Maximize Your Evaluation
Every audit committee should assess the effectiveness of the organization’s internal audit function at least annually, if not throughout the year. The critical ro...
How To Minimize Customer Fraud Risk
Fraud is the intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right. In the business community, ...
How to Monitor and Manage Legal and Ethical Issues
Globalization, technology and expanding economic development have propelled business to a leading role in shaping the course of human events. With that influence ...
What is Design Risk and What Risks are Associated With System Design?
To “design” is to create, fashion, execute, or construct according to plan. The term design as used here refers to the entire scope of a project. A business syste...
Improving the Close-the-Books Process
An effective business process is built on a set of well-defined and clearly stated business objectives. These key objectives articulate the ideal performance resu...
Are You Properly Managing Cash Flow Risks?
Cash flow management is the mobilization of company funds, the investment of these funds to produce income and compensation of the banks that support the process....
What is Financial Instrument Risk?
What is Financial Instrument Risk?Buyers and sellers may enter into sub-optimal financial or commodity instrument structures that have been standardized for effic...
How to Successfully Optimize Your BCM Program
Business continuity management (BCM) is the development of strategies, plans and actions that provide protection or alternative modes of operation for activities ...
What is IT Performance Risk?
Performance is defined as the throughput of business transactions compared to user needs, expectations or requirements. IT performance risk is the risk that a com...
