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Inside Internal Controls

News and discussion on implementing risk management

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Sales, Marketing and Operations

Blockchain: Just because it’s a buzzword doesn’t mean it’s not the future of the supply chain

In the 2018 contaminated lettuce incident, what if it had been possible to trace the exact path of each shipment of lettuce and then remove from the marketplace only those products that could reasonably have been affected? With blockchain, that would have been possible.

 

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Which way is the true Agile?

When I started this article, I was looking for a catchy, colorful image to depict the “Agile Methodology”. After about 30 minutes, I started to realize that my fruitless search was actually confirming the entire basis of my article; that Agile is now being used as just another catchphrase or gimmick to convey that a project is up to date on the latest and greatest in newer methodologies for IT transformation. However, I hope to show you that Agile is more than just a trendy process and is also not “new” per se, despite how on-trend its adoption is in today’s business automation projects.

 

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Financial Stability Board delivers report on financial stability implications of decentralised financial technologies

On June 6, 2019, the Financial Stability Board (the “FSB”), an international body that coordinates the work of national financial authorities, published a report on “Decentralised financial technologies” in response to a request by the Japanese presidency of the G20.

 

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CEOs are not idiots when it comes to risk management

If you consider the small number of organizations where risk management is considered as providing a strategic advantage, one of these alternatives must be true:

 

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Franchise article series: Franchising and intellectual property

This article is part of a series of articles that document some key considerations about franchising, including some of the pitfalls and the opportunities.

 

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Scratching the surface on Facebook and its problems

​Facebook Data Exposure Offers Critical Lesson for Internal Auditors makes some good points, including:

 

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Sports and recreation: Risk mitigation and occupiers’ liability

In Ontario, the occupiers’ duties towards people who access their premises is governed by the Occupiers’ Liability Act (“OLA”). The OLA defines an “occupier” as:

 

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NASAA targets ‘cross-selling’ sales tactic in investment and banking sectors

The North American Securities Administrators Association (NASAA) is an association of securities administrators from Canada, the United States of America and Mexico, whose mandate is to protect the investing public. The NASAA recently released an Investor Advisory focused on the practice of “cross-selling” investment products

 

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Time (again and still) for the IIA Standards to be correct

Internal audit can assist management by facilitating a fraud risk assessment. Management should make the decision both on the level of risk and whether it is acceptable. Internal audit can provide their opinion and advice on both.

 

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5 key FAQs about Canadian cannabis company “key investor” disclosure requirements

It’s key that all stakeholders clearly understand the Cannabis Regulations’ key investor disclosure obligations to avoid surprises and to ensure compliance. Here are the answers to five key frequently asked questions about cannabis companies’ “key investor” disclosure requirements.

 

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The Financial Services Regulatory Authority of Ontario

Effective June 8, 2019, the Ontario government launched the Financial Services Regulatory Authority of Ontario (FSRA), which is a new independent and self-funded regulator of financial services and pensions that is intended to help reduce regulatory burden, among other things.

 

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Update on the promotion of cannabis on social media

Almost six months after our first article on the Promotion of Cannabis on Social Media was originally published, federal licence holders have now received further guidance from Health Canada regarding the regulatory prohibitions on the promotion of cannabis, cannabis accessories, and cannabis-related services in an online context.

 

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Significant changes to Canada’s trademark laws now in effect

The most significant amendments to the Federal Canadian trademark statute finally came into effect June 17, 2019.

 

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Gowlessence: The insider view into the legal side of the influencer marketing industry

Influencer marketing is a powerful weapon for brands. Influencers engage with target audiences through authentic storytelling, improve brand sentiment, and so drive a successful return on investment.

 

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How often should you assess risk?

I recently listened to a new video by my friend, Alex Sidorenko. In How often [should] the risk assessments be performed, he makes some solid points, including:

 

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