If a business or organisation is to effectively manage the risks facing it, it has to create and entrench a risk culture. A risk culture has to start from the top and transcend every dimension, area and facet of a business or organisation. It must include all...
Small businesses by their very nature are often more prone to losses and risk due to their limited resources, lack of controls, reliance on third party service providers, a lack of segregation of duties and the fact that the owner is required to multi-task and...
The directors/members or trustees Responsibilities and Approval statement in most audited financial statements is phrased as follows: “The trustees/directors/members acknowledge that they are ultimately responsible for the system of internal financial control...
Fraud is endemic to all businesses where money and people are involved. The size and scale of fraud can vary greatly and can extend back over a lengthy period. According to the Association of Certified Fraud Examiners (ACFE), it is estimated that organizations lose 5%...
It is vital that business owners regularly scrutinise their Company information on file with the registrar of companies to ensure that it reflects the correct information. There are still a number of instances where dismissed directors or previous office...
Dott Risk promote a systematic approach to risk management, part of which is the active use of Checklists and Assessments. This systematic and disciplined approach to risk management is often used in highly complex situations and industries, with high profile...
