Punitive fines, litigation settlements, customer remediation, and other costs flowing from non-financial risk management failures are often waived off as “costs of doing business.” But many are now prioritizing the development of reliable metrics that would offer disclosable leading indicators of these financial risks so that they may be addressed proactively.
Observations
Jul 30, 2024In a recent speech, Kathleen Hamm, a former Board Member of the Public Company Accounting Oversight Board (PCAOB), highlights how the audit industry and regulators can drive improved audit quality going forward to rebuild trust in the audit sector. In so doing, she stresses the importance of establishing effective quality control (QC) systems and audit quality metrics.
Compendium
Jun 07, 2023In his classic, Against the Gods, Peter Bernstein suggests that the modern age began with the mastery of risk: “the notion that the future is more than a whim of the gods and that men and women are not passive before nature.”
Compendium
Jun 07, 2023
