We are happy to announce that subscribers to The EuroSox Newsletter are entitled to receive a 20 % discount if you wish to register at the Controller 2008 conference. If you wish to participate in both Controller 2008 and Copenhagen Compliance Conference on the 24th November 2008 you are entitled to receive a thumping 50% discount for both conferences. Please send us an e-mail to receive the participation code. Thanks.

The annual Conference ”Controlleren 2008” is an event dedicated to Controllers and other professionals in the finance department. The conference agenda is a mix of academics covering the latest theories and hands-on experience from some of the leading companies in Denmark. This year’s topics include: EuroSox, Risk Management, Activity Based Costing, Balanced Scorecard and new budgeting techniques.

Incidents occur daily that threaten to impact the smooth running of any organisation. Regardless of their cause or severity, management often has no warning and little direct control over them. Yet their significance to the organization can be managed, if people have anticipated and prepared for them appropriately. A senior executive has a responsibility to reduce the likelihood of such incidents and to minimize the impact should they occur. This duty of care is to all stakeholders; staff, shareholders, customers, suppliers and the community.

Business Continuity provides a method in which that duty of care and corporate social responsibility can be addressed and delivered in a practical and effective manner.

According to a new report released by the Association of Certified Fraud Examiners (ACFE), U.S. organizations lose an estimated seven percent of their annual revenues to fraud - but the damage is the worst among small businesses. Among the fraud cases detailed for the survey, the median loss suffered by organizations with fewer than 100 employees was $200,000, higher than the median loss for any other category.

It is time to stop lecturing the patient; it is time to start applying the cure. By popular demand we provide one of the presentations from the last Copenhagen Compliance Conference: The Root Causes of the Financial Liquidly Crisis: How to Head-off Future Catastrophic Risk Failures to understand some of the issues related to the crisis and Mr. Anthony Tarantino’s recommendations on ‘How to Prevent the Next Catastrophic Failure in Financial Risk Management’.

Information security means protecting information and information systems from unauthorized access, use, disclosure, disruption, modification, or destruction. The terms information security, computer security and information assurance are frequently used interchangeably. These fields are interrelated and share the common goals of protecting Governance, Risk and Compliance disciplines like confidentiality, integrity, availability of information etc. of data regardless of the form the data may take.

Control is a business issue, not a specialist issue to be outsourced to finance staff or risk managers. Corporations have to treat Governance, Risk and Compliance (GRC) mandates not as an economic dilemma, but as a trade off between cost and benefits. This article reflects on the GRC developments in order to help better understand cost and benefit decisions in this area.

Many privately held companies, concerned about financial risk and controls, have adopted key aspects of regulatory compliance in their own operations. Any company that takes the time to assess control weaknesses and mitigate risks will reap the benefits of improved financial controls, reduced business risk, enhanced credit ratings with a superior governance focus.

Many private companies are even considering introducing an audit committee ...