Securing the present . . . protecting the future | Former employees a threat to IT security, study finds Three-quarters of executives worry about corporate data theft and other IT-related reprisals by laid-off employees. Of nearly 1900 executives polled, 42% say they’re studying potential risks related to this issue and 26% are taking steps to mitigate them. Learn more about our 2009 Global Information Security Survey (pdf, 863.8kb) . Finance performance improvement starts with framework Amid signs of economic recovery, we suggest in The future of Finance (pdf, 248.8kb) that CFOs establish and implement a holistic framework that identifies weaknesses and potential improvements, and which helps enable Finance to be more effective, lower costs and help deliver more value to the bottom line. Can new accounting standards prevent another financial crisis? After six months of study, the Financial Crisis Advisory Group has issued recommendations on accounting standards for boards, policymakers and other financial professionals. In this webcast, you’ll hear what CEO Jim Turley and others have to say about the Group’s recommendations, and what they could mean for the future of IFRS. The future of risk: why companies must focus on building a comprehensive risk management approach Ninety-six percent of global organizations today believe they have an opportunity to improve their risk management functions. Ernst & Young’s The future of risk examines organizations’ attitudes toward risk management. The survey, polling more than 500 senior executives at the C-suite and board level, reveals the downturn is heightening awareness among companies of the need to manage risk more effectively. Service providers get ready for new third-party control standards For nearly two decades, SAS 70 has provided a standard for auditing and assurance professionals charged with assessing the controls of third-party service organizations (pdf, 209.6kb) . But worldwide regulatory changes and the globalization of business process outsourcing have altered the landscape, and SAS 70 is due for an update. A set of proposed new standards could have a big impact on service providers. Read more about how your organization can do to get ready. The top 10 business risks for 2009 What challenges are likely to affect your company in 2009 and beyond? The credit crunch aftershocks and the deepening global recession rank as the most important business risks for 2009, displacing regulation and compliance — last year’s top risks. Green initiatives, competition from new entrants, human capital issues, and reputational risk all rose in "The 2009 Ernst & Young business risk report — the top 10 risks for global business".
Sector top 10 business risk reports also available: Managing through uncertainty: Taking a balanced approach Corporate growth has been severely hit and access to capital has become tight. Despite changes in the economy, and the uncertainties that persist, the markets still expect businesses to perform. To guide your company, (pdf, 581kb) it is important to understand how leading companies have behaved during previous downturns and to know what actions to take. Bribery and corruption are growing issues for businesses around the world We sponsor two important reference tools from Transparency International that can help you understand the risk of bribery and corruption in international markets—an essential aspect of risk mitigation.
The Corruption Perception Index (pdf, 383kb) ranks countries by the degree to which corruption is perceived to exist among public officials and politicians.
The Bribe Payers Index (pdf, 536kb) ranks the world’s leading exporting countries according to the propensity of firms with headquarters within their borders to bribe when operating abroad. |
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Increased economic, market and regulatory pressures have encouraged senior management to reassess how business information reporting is performed. eXtensible Business Reporting Language (XBRL), is designed to improve the reporting process for those sharing information internally or trading documents across company lines.
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