A leading industry standard for business continuity defines Business Continuity Management (BCM) as a “holistic management process. It identifies potential threats to an organization and the impact on business operations that those threats could cause if realized and provides a framework for building organizational resilience with the capability for an effective response that protects the…
How to keep your company’s vision in focus?
Many small to mid-sized companies can succeed with an owner who’s a leader, serving as both the chief executive officer and head of sales, but once the company grows past a certain point, it becomes too difficult to manage everything in-house. With the constant development of new technology, the business climate has grown even more…
Forensic Accounting: A Secret Tool for Due Diligence
Forensic accounting is more than just a tool for investigating financial crimes; it is the most thorough form of due diligence and compliance. Yet smaller companies often overlook its value. When you hear the word “forensic accounting,” you might imagine detective-like professionals going through documents, questioning potential witnesses, and doing background checks. While performing due…
Robust enterprise network security
As you’ve known network security is a complex issue that stems from many different angles, all of which need to be addressed at once if you want to keep your business secure. Various businesses especially the smaller ones, tend to have less sophisticated security systems in place. They also often have less money at their…
Learn the endless benefits of an internal audit
One of the surest ways to obtain better results in your company is through an internal audit, which, in addition to making work more efficient, will facilitate the identification of risks and problems in all sectors. The main objective of internal audit experts is to assist in the evolution of internal processes, ensuring that they…
3 considerations for choosing a competent management consultancy
Any small or large organization that wants to identify potential problems affecting its performance should contact management consulting firms. However, executives often seek business consultants only when aftermarket performance has already declined drastically. Furthermore, a management consultancy isn’t easy to come by these days, especially when you’re looking for one that’s competent and has the…
How to choose the right accounting professional?
By assuming the responsibility for managing the company’s fiscal, tax, and accounting areas, the accounting consultancy works as a complement for entrepreneurs. In this sense, it can even contribute to the growth of the business, providing the information necessary for the best financial decision to be made promptly. But the role of accountants is not…
Challenging fraud-related problems and forensic accounting
Forensic accounting, as the name suggests, is a concept related to accounting and its definition can be made briefly. It is one of the branches of forensic science and investigation that concerns the accounting and finance parts of events that cause conflict between two persons or companies – legal entities and need to be resolved…
Fraud in the enterprise: Detection and counteraction
Fraud in the enterprise is a rather dangerous phenomenon that has many adverse consequences. First, it is damage to the business reputation/brand and loss of profit. In addition, if information about the unreliability of the company’s security system spreads among the public (and sometimes business partners), the company may be subject to criminal and legal…
Transaction advisory services: More than just (financial) due diligence
The M&A market is booming. Recently, acquisitions, divestitures, mergers, and acquisitions (collectively “transactions”) have soared to a great height. This trend is likely to continue in 2023 and beyond, experts predict. There is a lot to do for transaction advisors. What are the tasks involved in transaction advice? What is the role of Transaction advisory…