Assessing and Mitigating Key Person Risks

Auditing standards require a year-end risk assessment. One potential source of risk may be a small business’s reliance on the owner and other critical members of its management team. If a so-called “key person” unexpectedly becomes incapacitated or dies, [...]

By |2021-01-15T13:38:47-05:00January 15th, 2021|Categories: Audit, Blog|Tags: , , , , , , |Comments Off on Assessing and Mitigating Key Person Risks

Prevent And Detect Insider Cybercrime Schemes

In one recent cybercrime scheme, a mortgage company employee accessed his employer’s records without authorization, then used stolen customer lists to start his own mortgage business. The perpetrator hacked the protected records by sending an email containing malware to [...]

By |2020-12-29T13:02:29-05:00December 29th, 2020|Categories: Blog|Tags: , , , , |Comments Off on Prevent And Detect Insider Cybercrime Schemes

How Effectively Does Your Business Manage Risk?

From natural disasters and government shutdowns to cyberattacks and fraud, risks abound in today’s volatile, uncertain marketplace. While some level of risk is inevitable when operating a business, proactive owners and executives apply an enterprise risk management (ERM) framework [...]

By |2020-10-30T12:22:17-04:00October 30th, 2020|Categories: Audit, Blog|Tags: , , |Comments Off on How Effectively Does Your Business Manage Risk?

3 Steps To “Stress Test” Your Business

During the COVID-19 crisis, you can’t afford to lose sight of other ongoing risk factors, such as cyberthreats, fraud, emerging competition and natural disasters. A so-called “stress test” can help reveal blind spots that threaten to disrupt your business. [...]

By |2020-10-02T17:05:46-04:00October 2nd, 2020|Categories: Audit, Blog, COVID-19|Tags: , , , , |Comments Off on 3 Steps To “Stress Test” Your Business

The ABCs of Risk Management

The ABCs of Risk Management Internal Controls for Non-Finance Professionals You’ve heard the words in business circles —COSO, ERM, SOX, and COBIT. Looks like alphabet soup. But what do they mean? If you think these all relate to risk management, then you [...]

By |2017-09-07T12:26:26-04:00September 7th, 2017|Categories: Blog, Consulting|Tags: |Comments Off on The ABCs of Risk Management
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