Thinking

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.

Shared Services Leaders share Best Practices
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I was fortunate to be invited to speak last week at the European Summit for Leaders in Shared Services. Speakers included Shared Services leaders from organisations including Siemens, Coca Cola Hellenic, BP, Robert McBride, COLT Services, Rolls Royce, Shell, Hertz, Balfour Beatty and Novartis. … Read More

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What to expect from 2013. Letter to the C-Suite
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Happy New Year! Best wishes for 2013 and good luck with the resolutions, although mine typically die a nasty death in the second week of January when reality hits.

This year however I have resolved to get fit enough for some serious heli-skiing in northern Canada at the start of February.… Read More

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Top 5 Favourite Posts of 2012
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As I emerge from post festive season recovery and face the new year, it is interesting to review what have been the most read, and therefore apparently the most interesting, topics in this blog during 2012.

Of course, to judge the most popular posts we need to take into account the timings of the posts, and so for a ‘normalised’ hit list, we pro-rated the readership by the length of time the post had been available.… Read More

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Enron – Making a drama out of an accounting crisis!
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I am very pleased to welcome a guest blog post today from Irina Predescu. Irina graduated from London School of Economics last year and has since immersed herself in the world of business risk, financial control, finance processes and compliance. She is too young to remember the events described below first time around .Read More

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Quantum Finance: Are Performance Indicators what they seem?
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There is a popular assertion made by theoretical physicists that in the minutiae of the quantum world, the process of observing an object actually changes it. This is one of those concepts that makes my head hurt and is likely to cause a nosebleed if I think about it too hard.… Read More

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Insights from ISACA’s EuroCACS ISRM Conference
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Munich is always a popular place as October approaches, but I missed the wonders of the ‘biergartens’ in full flourish. Last week I joined a large gathering of IS Audit, Risk and Controls specialists at ISACA’s annual EuroCACS and ISRM conference at the Hilton by the Englischer Garten in the city.Read More

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Six Strings to GRC Success . . .
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I am just about to go into ‘silent running’ mode as I depart to build another guitar on the wonderful Balearic/Piteuse island of Formentera . . . So you won’t hear much from me for a few weeks unless you follow my ‘Guitarra – Part Deux’ blog.… Read More

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Risk Awareness & The Bear
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Take a look at the awareness test here, before you read the rest of this post.

Have you looked at this?

OK . . .  you get the point . . .

This is an interesting phenomenon . . .… Read More

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STOP! The Controls Madness . . . Part deux!
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In Part 1 of this post I talked about the fact that the relationship between better risk management and more control is not intuitive or even direct. We discussed the shortcomings of the traffic light system as a control. We also touched on the issues in financial control with the false sense of security created by automated controls, such as those for purchase limits for example.… Read More

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STOP! The Controls Madness . . . Part I
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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 More

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