This post first appeared on Risk Management Magazine. Read the original article. According to the January Atradius Economic Update report, in 2019 global trade growth will remain strong but will decelerate slightly, reaching 3% this year in comparison to last year, which saw 3.7% growth. One big factor behind the deceleration is uncertainty, which seems (more…)

This post first appeared on GAO Reports. Read the original article. What GAO Found Certain significant deficiencies in internal control over financial reporting and other limitations on the scope of GAO’s work resulted in conditions that prevented GAO from expressing an opinion on the Schedules of the General Fund as of and for the fiscal (more…)

This post first appeared on Risk Management Magazine. Read the original article. Data breaches and cyber incidents continue to plague businesses and end users, compromising millions of records each year. Yet, while the volume of these breaches is astonishing, it is sometimes hard to understand what they mean, what a “record” is, and what actions (more…)

This post first appeared on Risk Management Magazine. Read the original article. Until recently, a company’s environmental, social and governance (ESG) approach was not considered a major concern for investors. But today, that perception has changed, with many stakeholders now realizing that these issues are critical to a company’s financial performance. The increased focus on (more…)

This post first appeared on Risk Management Magazine. Read the original article. Whether residential or commercial, nearly every construction project today requires the use of subcontractors. While contractors often devote a good deal of effort and attention to their prime contracts with a project owner, subcontracts can be an afterthought. This can be a problem (more…)

This post first appeared on Risk Management Magazine. Read the original article. In the construction of buildings and infrastructure, there are many challenges that can lead to costly insurance claims and litigation, including design ambiguities, schedule delays, owner/general contractor conflicts, trade labor disputes and construction defects. Of these, construction defects can be the most difficult (more…)

This post first appeared on Risk Management Magazine. Read the original article. In business, we get by with more than a little help from our friends. These friends—or third parties—deliver a wide range of products and services to keep companies moving forward. According to Deloitte research, three out of five executive leaders view third parties (more…)

This post first appeared on Risk Management Magazine. Read the original article. Until about a decade ago, the safety profession focused primarily on the use of lagging indicators to determine whether a company had a good safety program. Over time, however, the profession has significantly shifted its attention toward leading indicators, coupled with a strong (more…)

This post first appeared on Risk Management Magazine. Read the original article. The European business climate is rife with potential risks these days. Particularly in the UK, where Brexit has caused a relatively stable country to face polarization, borders are being hardened, corporate domiciles are in flux, and the regulatory environment is becoming more complex. (more…)