Here you’ll find our opinions, viewpoints and rants. But don’t forget to add your comments – good or bad – on anything you like or loathe. We value your feedback.
I saw this headline recently and it got me thinking . . . .
Many organisations have been encouraged, and in some cases required, to focus their financial risk efforts on controls, developing an internal control system, regularly assessing the efficacy of controls and reporting against that for audit and compliance purposes.… Read MoreRead More
I wrote a few weeks ago of the pride and complacency of the middle management fraudster and the ‘smartest guys in the room’
On a recent ski trip I had met a guy on a chairlift
who proceeded to tell me his approach to ‘supplementing his income’ including “finding suppliers you need on a consistent basis who you can overpay, and get cash back later, minus a ‘consideration’”
Some readers of my blog expressed disbelief at these comments.… Read MoreRead More
I gave a talk today at the Enterprise Risk Management (ERM) Symposium in Washington D.C. We divided the time 60/40 between my presentation and a group discussion on implications, especially for the Insurance industry. We had a lively discussion with CROs and risk professionals and my observations on perception of risk seemed to resonate. … Read MoreRead More
I was skiing the weekend before last in the Swiss Alps and as luck would have it, a rather interesting conversation developed on a chair lift. A pretty long lift as it happened . . .
The only other person on the chair was a guy who introduced himself as Peter who asked what I did for business.… Read MoreRead More
An article in CFO magazine today announced the opinion that the US ‘Jumpstart Our Business Startups’ (JOBS) Act, whilst easing the Sarbanes-Oxley (SOX, Sarbox) standards, might pave the way for fraud. You can read the article here . . .
From my viewpoint, the SOX benchmark has done little to address the causes or even the identification of fraud.… Read MoreRead More
With any new suggestion for additional ‘stuff’ for his craft (especially technology), he would always respond ‘will it make the boat go faster?’.… Read MoreRead More
2011 has been a year of both turmoil and progress in the world and in many businesses. It’s certainly been a roller coaster ride!
Ups and Downs . . . Looking back, January 1st saw Estonia officially adopt the Euro currency and become the seventeenth Eurozone country.… Read MoreRead More
This picture says it all for me. I could stop here . . . . .
The car park barrier is the ‘control’ over access and use of the car park. The automatic gate opens only when you swipe your employee badge on the reader and it only lets one car through at a time.… Read MoreRead More
At the end of last year, I read an excellent book by Jeremy Hope entitled ‘Reinventing the CFO‘ .
The book challenges some long held assumptions about centralisation, planning, budgeting and forecasting as well as the role of the finance function as real business partner.… Read MoreRead More