With recent events on Wall Street and their spillover onto Main Street, the widespread call for stronger risk management in recent years may seem prescient now.
Fred Curry and Megan Levy, principal and consultant, respectively, in the Anti-Money Laundering consulting practice at Deloitte Financial Advisory Services, provides some best practices for compliance the the tricky UIGEA.
Nearly half (45.9 percent) of executives report that complexity of implementation is their organizations’ biggest challenge in improving enterprise risk management, according to a recent online poll from Deloitte.
More than half of approximately 2,100 business professionals (56 percent) surveyed during a Deloitte webcast about reducing fraud risks think more financial statement fraud will be uncovered this year and in 2011, as compared to the last three years.
Erick O. Bell, a Senior Manager at Deloitte Financial Advisory Services LLP, presents a detailed internal control checklist that outlines 5 anti-fraud strategies companies can use to deter, prevent, and detect fraud.
A majority of business professionals (64 percent) polled during a recent Deloitte webcast think the Fraud Enforcement and Recovery Act will be effective in increasing the total dollar amount the government will recover under the False Claims Act.
In this CCI featured article, Tim Lupfer and Mike Fuchs of Deloitte Consulting share their advice on how to effectively managing human capital risk, including best practices for risk management training and ingraining risk management into the corporate culture.
In a recent Deloitte online poll of business professionals across various industries, 37.5 percent say they are at least as concerned and 18.2 percent say they are more concerned about their company becoming a target of securities litigation as they were two years ago.
Although most (72 percent) business professionals expect an increase in Foreign Corrupt Practices Act (FCPA) violations in the next two years, one-third (34 percent) of organizations still have no comprehensive FCPA compliance program in place, according to a recent Deloitte webcast poll.
The current high-risk environment creates an imperative for IT leaders to exploit information technology to manage risks both to existing assets and to future growth. IT should be used to enable systemic risk management by delivering a high-quality, reliable continuum of information from dispersed operations for heightened awareness, improved decision making and enhanced business performance.
In the second installment of the CCI Interview Series, Cheryl Strackeljahn of Deloitte discusses the importance of effectively incorporate information technology into enterprise-wide risk management initiatives.
