Today, apart from traditional way of analysis through analytical procedures as mentioned in our auditing standards, certain other tools are needed to assist us in providing our services and maintai
Slowly and steadily, India is adopting global best practices (MiFID) surrounding Suitability and Appropriateness. Gone are the days when anyone could sell any investment product to any investors.
Insurance companies are in the business of taking risks. Worldwide these companies write policies that deal with specific risks, and in many cases, even underwrite exotic risks.
There is a very good document and a survey from Ernst & Young on "Risk Management in India". It clearly depicts the true position of Indian corporates when it comes to Risk Management.
Red flags are very useful in combating frauds. With more and more innovative ways of perpetuating frauds, companies struggle to keep pace with these fraud methodologies.
Here is summary of the recent norms issued in the Discussion Paper released by RBI on Aug 11, 2010. The norms detail out the pros and cons of what our new Banks will look like.
Not all risk management efforts need to be innovative or resource consuming. Benchmarking Business Analytics with peer group companies can also yield valuable risk management benefits.
This commercial from KPMG captures the essence of Risk Management. Taking Risks throughout the day, but only to the extent that your risk appetite allows you to.
