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 be mysterious. Consider the following: The Bonding Process: What You Need to Know The process […]
Tag: risk management
Internal Fraud: How to Secure and Investigate Evidence
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 that instinct, but that is exactly what you should do so you can learn what […]
Investment Oversight for Nonprofits
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 the mission increases that complexity. Nonprofits are turning to their investment committees to play a […]
How To Manage the 3 Major Supply Chain Risks
“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 and external risks is a top priority. Supply chain risks occur when the raw materials […]
Leveraging Internal Audits
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 big picture can expand their department’s influence by helping their organizations mitigate risk, improve […]