(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Business Management, Enterprise Risk Management

How to manage third-party relationships

By Wendy Chang The Associate Director at Deloitte Risk Advisory looks at ways to effectively monitor third-party risks. Today, companies rarely go to market alone. Corporate success is increasingly supported by complex supply chains, outsourcing and other third-party relationships, forming what we term the “extended enterprise.” Products and services are now, more than ever, created,… Read More How to manage third-party relationships

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Business Management, Enterprise Risk Management, Risk Management

5 steps to prevent complex inventory frauds

By Cecilia Locati, FCMA, CGMA Fraudsters are becoming increasingly creative. Here’s how SMEs in the manufacturing sector can guard against losses. When we think about inventory theft, we often think of a sales assistant stealing a product from a shop stockroom or an employee carrying away items from a warehouse. Although these are common forms… Read More 5 steps to prevent complex inventory frauds

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Audit and Assurance, Corporate Governance, Enterprise Risk Management, Risk Management

How to minimise financial statement risk

By Ken Tysiac Telecom giant AT&T’s director of accounting discusses a few ways organisations can avoid unintended errors in financial statements. In a complex world of evolving standards and technology, there are many risks associated with financial statements. Fortunately, there are things financial executives can do to minimise the unintended errors that can lead to… Read More How to minimise financial statement risk

(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Corporate Governance, Enterprise Risk Management, Forensic Accounting, Fraud

HOW TO STOP BUSINESS CRIME FROM HAPPENING

By Sharon van Rooyen Prevention is cheaper than cure – get risk and mergers and acquisitions assessed by forensic practitioners. The tasks undertaken by a forensics practitioner have evolved tremendously in the past decade, from merely analysing evidence after an illegal act has occurred to becoming multidisciplinary in nature and contributing to various areas of… Read More HOW TO STOP BUSINESS CRIME FROM HAPPENING