Monthly Archives: April 2016

New Paradigm for Corporate Governance

Walmart is buying clean energy, PepsiCo is promoting healthier snacks, P&G is committed to improving environmental sustainability of its products and Apple is into recycling. Unilever’s sustainable living plan pledges to cut the company’s environmental impact in half by 2020, … Continue reading

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How Cyber risks affect the financial statement Audit

A financial statement audit focuses on providing an opinion on the fair presentation of the financial statements. The auditor should be aware of the risk of cyber incidents specifically in the financial reporting process, that may affect the numbers in … Continue reading

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Cyber Security is a key challenge for Audit Committees.

The loss of intellectual property, customer data, and other sensitive information can cause severe financial and reputational damage and disrupt business operations. Few recent incidents listed below, may give some idea of impact: ▶️ Most recently, leaked documents from the … Continue reading

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Panama papers and the hole in IT governance.

  By now everybody who did not acknowledge cyber security as the biggest threat to governance should have realized that “No secret is safe in the digital age.” Mossack Fonseca, the law firm from Panama has probably lost its business … Continue reading

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Impact of Governance on Ease of Doing Business

Ease of doing business index for 2016 ranks Sri Lanka at 107. It appears that Sri Lankan bureaucracy takes more time to get things done, in certain simple areas. This year’s report adds indicators of quality to four indicator sets: … Continue reading

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