Harvard Business Review Article Offers Fraud Risk Insights
Heat maps: Communicating fraud risks to executives
According to “Mapping Your Fraud Risks,” published in the prestigious Harvard Business Review, "a great way for risk managers to communicate with their firms’ leaders is to plot on a simple heat map the likelihood and significance of various types of fraud at the organization."
"A heat map can focus senior executives and the board not only on the significant and likely operating risks of fraud, but also on unlikely but potentially devastating risks that merit (but don’t often receive) board-level attention – so-called Black Swan events, such as the recent Madoff case and the rogue trading that cost Societe Generale more than $7 billion."
Access the complete article via the link below:
"Mapping Your Fraud Risks"
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