Archive for June 24th, 2009
Forensic accounting
Forensic accounting is a potentially rich source of value-added in financial environments. Part of forensic accountancy is an art, part science and the rest is detective work. There are three ways in which it can provide a valuable service in organisations: 1. Investigate a case post facto to see where a loss has occurred within [...]
RISK COUNTERMEASURES
Once detecting operational risk conditions is in existence, we can think about deploying risk countermeasures. Could any CEO shark engineer himself some huge pay-off based on undisclosed benchmarks? Frankly, yes and no. Yes, they could get away with it easily in the old days. General Motors was a classic example where the head of a [...]