EWEEK Senior Editor Sean Michael Kerner examines the obstacles to developing a risk management strategy, from corporate culture to information silos..Running a business can be a dangerous occupation with many different types of risk. Some of these potential hazards can destroy a business, while others can cause serious damage that can be costly and time consuming to repair. Despite the risks implicit in doing business, CEOs and/or risk management . 1 Whether management has knowledge of fraud, alleged fraud, or suspected fraud affecting the company; 2 Management's process for identifying and responding to fraud risks in the company, including any specific fraud risks the company has identified or account balances or disclosures for which a fraud risk is likely to exist, and the nature .Identifying the potential risks to the capital and the impact these emergencies may have on Londoners..
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