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Book Review: Constructing Risk

Recovery Diva

Reviewed by Donald Watson, editor of the website theOARSlist.com , Organizations Addressing Resilience and Sustainability, editor of Time-Saver Standards for Urban Design (McGraw-Hill 2001), and co-author with Michele Adams of Design for Flooding: Resilience to Climate Change (Wiley 2011).

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Internal Controls to Prevent Financial Statement Fraud

Reciprocity

energy company coasted on accounting fraud until it imploded in 2001, leading to the passage of the Sarbanes-Oxley Act the following year. SOX,” as the law is known, is intended to reduce the risk of accounting fraud and unreliable financial reporting among publicly traded companies – but financial fraud can still happen.

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Internal Controls to Prevent Financial Statement Fraud

Reciprocity

energy company coasted on accounting fraud until it imploded in 2001, leading to the passage of the Sarbanes-Oxley Act the following year. SOX,” as the law is known, is intended to reduce the risk of accounting fraud and unreliable financial reporting among publicly traded companies – but financial fraud can still happen.

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Internal Controls & Fraud Prevention

Reciprocity

These consequences came to pass when the Enron scandal broke in 2001. The collapse of Enron, along with several other corporate frauds circa 2001, led to enactment of the Sarbanes-Oxley Act in 2022. Leverage ZenRisk to Mitigate Fraud Risk in Your Organization.

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Black Swans and Swiss Cheese – A Boat Crash in Baltimore

Plan B Consulting

This is a classic business continuity and emergency response incident, and I thought I would examine it through the lens of a couple of risk management concepts: black swan events and Reason’s Swiss cheese theory. Black swan events, popularised by Nassim Nicholas Taleb, are rare events that have a major impact when they occur.

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