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Inside Internal Controls

News and discussion on implementing risk management

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Hiring controls: a close look at managing the risks of hiring

Human capital is a firm’s most important and profitable asset. Recall Swiss banking giant UBS’ rogue trading disaster in 2011, during which the bank reported a $2.3-billion loss as a result of one man’s unauthorized trading. UBS’ chief executive officer resigned as a result, and the bank also lost two high-ranking executives who took indirect responsibility for the incident…

 

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Government anti-spam website offers tips for businesses, organizations and individuals awaiting regulations

The federal government has introduced a website dedicated to its new anti-spam law, the Electronic Commerce Protection Act. The website, Fightspam.gc.ca, describes the provisions of the law and its purposes, and outlines how organizations and individuals can make sure they abide by the law and protect themselves from spam and other electronic threats.

 

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