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What Is Risk Management?

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What Is Risk Management? The world will always be filled with uncertainty and with uncertainty inevitably comes risk. Risk management, in its simplest form, is assessing the possibility of something bad happening; i.e. “If I take this action, will it result negatively?”. What Is Risk Management?

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Internal Controls to Prevent Financial Statement Fraud

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“Cooking the books” is a phrase that refers to falsifying financial statements so one can commit accounting fraud. Perhaps the landmark example of cooking books was Enron, the U.S. Risk assessment to evaluate risks associated with the various procedures and data sources used to produce the company’s financial reporting.

Audit 52
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Internal Controls to Prevent Financial Statement Fraud

Reciprocity

“Cooking the books” is a phrase that refers to falsifying financial statements so one can commit accounting fraud. Perhaps the landmark example of cooking books was Enron, the U.S. Risk assessment to evaluate risks associated with the various procedures and data sources used to produce the company’s financial reporting.

Audit 52
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The Impact of ESG on Business Continuity

Business Resilience Decoded

Episode 166: The Impact of ESG on Business Continuity ESG – which stands for environmental, social, and governance investing – is a way for investors to evaluate risk and social responsibility before investing in companies. Source: Global Risk Management Institute: What Is ESG?

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What Is an Audit of Internal Control Over Financial Reporting?

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At its core, an ICFR audit evaluates the operating effectiveness of a company’s internal processes and controls that safeguard its financial statements from misrepresentation, either accidental or intentional. Monitoring can be done through ongoing activities, separate evaluations, or a combination of the two. Book a demo today!

Audit 52
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How to Make Your Supply Chain Resilient

Business Resilience Decoded

Episode 101: How to Make Your Supply Chain Resilient This episode is brought to you by Fusion Risk Management, Building a More Resilient World Together. In this episode, Kate Needham-Bennett of Fusion Risk Management is sharing her expertise on how to make your supply chains more resilient to alleviate and prevent disruptions.

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How to Make Your Supply Chain Resilient

Business Resilience Decoded

Episode 101: How to Make Your Supply Chain Resilient This episode is brought to you by Fusion Risk Management, Building a More Resilient World Together. In this episode, Kate Needham-Bennett of Fusion Risk Management is sharing her expertise on how to make your supply chains more resilient to alleviate and prevent disruptions.