Showing posts under "Risk Management"

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 

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 

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 

False invoices – would your organisation “detect it” or “pay it”?

Dated: May 2, 2017

Scenario: Your organisation receives a phone call from an entity claiming to be a well-known professional organisation.  The person on the phone claims that the membership fees for the CEO are outstanding and if not paid by close of business that day, the membership will be cancelled. As a consequence, the invoice is immediately paidContinue reading 

Extension of anti-money laundering and countering terrorist financing legislation

Dated: September 20, 2016

Following the negative publicity caused by the release of the Panama Papers and the findings of the subsequent Shewan Report, the Ministry of Justice released a consultation paper on the 17 August 2016 to improve and extend anti money laundering/countering financing of terrorism (AML/CFT) legislation. This consultation paper proposes to expand the coverage of legislationContinue 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 

ACC: You could be paying too much

Dated: March 8, 2016

The work of the Accident Compensation Corporation is essential in maintaining social security in New Zealand, with the contributions of all employers and employees ensuring prevention, care and recovery from injuries. However, many businesses could be paying more than their fair share of contributions. That’s emerged from the results of over 1000 reviews conducted byContinue reading