Showing posts under "Risk Insurance"

Anti Money Laundering

Dated: June 4, 2018

As an AML/CFT reporting entity, you are required to have an independent audit of your AML/CFT Risk Assessment and Programme. Every two years, or earlier on request of your Supervisor, AML/CFT reporting entities are required to have an independent audit of their AML/CFT risk assessment and programme. It is your responsibility to identify and appointContinue reading 

It’s not a matter of if, but when….

Dated: April 26, 2018

An article in the NZ Herald after the recent storms in the Auckland region referred to research which showed that almost a quarter of small and medium sized businesses had no recovery plan in place if a major negative event occurred. It also stated that almost one-third of businesses thought their business might shut down.Continue reading 

Third-party relationships – how in control of them are you?

Dated: November 28, 2017

When your business relies on third-party suppliers or service providers, your exposure to risk multiplies. Businesses are increasingly relying on third parties to carry out vital business functions. Processes and assets that were once housed internally are now housed outside the business but nonetheless, must be effectively managed. We find that the risk of non-complianceContinue reading 

Are you doing all you can to reduce the risk of cash theft in your business?

Dated: September 27, 2017

Businesses that deal in cash need to protect themselves against cash misappropriation. Effective cash control procedures assist in reducing the opportunity for theft and the timely identification of discrepancies. Below are some practical steps you can take to strengthen your procedures: Cash registers: Avoid having multiple people use one cash register during the shift/day whereContinue reading 

The business losses, wastage and fraud problem

Dated: July 27, 2017

Could your business survive losing $1,000, $10,000, $100,000 or even $1,000,000 to losses, wastage and fraud? Leakage and loss of business assets and resources are significant business risks. They can cripple the ability for businesses to grow and can result in business failure. Pursuing recoveries takes significant amounts of time, effort and additional costs bothContinue reading 

Firm-Specific Risks in New Zealand SME Valuations

Dated: June 29, 2017

Certain valuation methods in New Zealand often, not always, employ a discount rate derived from the Capital Asset Pricing Model (CAPM).  Discounted Cash Flows (DCF) and Multi-Period Excess Earnings Methods (MEEM) are examples of such methods.  In this article we will discuss the discount rate from CAPM and, for non-valuation experts, shed some light onContinue reading 

Data analytics

Dated: May 23, 2017

In today’s modern environment, organisations are processing thousands of transactions through IT systems and are becoming increasingly reliant on IT processes. Data analytics interrogates large volumes of data to identify anomalies and trends. Our experienced advisers are able to perform complex matching and apply various analysis techniques using the latest data analytics tools in aContinue reading 

Businesses urged to seek protection following global cyber attack

Dated: May 17, 2017

The recent global cyber-attack has sent shockwaves around the world, and the impacts are being felt close to home. More than 200,000 people in 150 countries have been affected by the unprecedented ransomware attack which occurred on Friday. A number of businesses across Australasia have fallen victim, and we’re being warned that more is yetContinue reading 

Meeting the challenges of third-party risk management

Dated: August 20, 2016

Organisations are increasingly relying on third parties to achieve their strategies and objectives. As these relationships become an even more integral part of how organisations conduct business, it’s essential that businesses understand – and properly manage – the risks that come along with third parties. After all, when an organisation can’t deliver on its commitmentsContinue reading