Protecting sensitive information such as payroll and ensuring regulatory compliance require proactive risk management. There are several measures organizations can take to reduce exposure to both internal and external threats. Watch for internal threats Ghost employees are fictitious team members
The phrase “payment and performance bonds required” often signals a dead end for contractors who’d like to bid on public work or large private projects, but who are inexperienced in the bonding world. The bonding process, however, doesn’t have to
Discovering that you are the victim of an internal fraud is a harrowing experience, particularly when the perpetrator is someone you’ve trusted. The feeling of betrayal is strong. Your instincts tell you to react immediately. It’s hard to go against
For nonprofit executives and investment committees, the number one priority always has been and always will be the organization’s mission. Doing good has never been more challenging. The responsibility of balancing the endowment’s growth while supporting the spending needs of
“When will the COVID-19 pandemic finally end?” Many business owners are asking themselves that question. Unfortunately, the answer is not yet clear, and business owners must remain vigilant to the threats to their industry. For many, this means managing internal
Many companies have an internal audit department that tests whether the organization is accurately reporting financial results and complying with U.S. Generally Accepted Accounting Principles (GAAP). But it’s important for internal auditors to think beyond compliance. Internal auditors who understand
The first and most obvious step in preventing workplace violence is to understand its meaning. According to the Occupational Safety and Health Administration, workplace violence is “any act or threat of physical violence, harassment, intimidation, or other threatening disruptive behavior