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Some organisations such as Carillion, Diageo, have extended their
supplier payment terms; Carlsberg now has one of the longest - 95 days,
a survey has found.
Fraud Risk Increases dramatically as a result of the recession, Sue Copeman, Editor of "StrategicRISK" journal, states.
Geraint Evans writes a column in the free newspaper thelondonpaper
as "City Boy". He sets out his analysis of how the credit crunch bore
down upon us in 2008 and will evolve in 2009.
Britain's Serious Fraud Office is calling on whistleblowers to
come forward and report corporate swindles as the number of cases soars
to record levels.
Embedding risk management in an organisation is a hot topic. Two
heads of internal audit share their experiences implementing it across
their organisations.
It is argued in this article by Professor Brian Toft that it is
possible for errors to be missed and accidents to occur because of
'involuntary automaticity'.
Internal auditors look at how organisations manage their risks and
also report to the audit committee and governing body on how well risks
are being managed.