Sarbanes-Oxley gives shareholders powerful tools to fight investment fraud, said a group of investment advisers attending a recent corporate governance conference in Paris. In that sense, the highly controversial corporate reform law does exactly as Congress intended it, whether or not it makes the United States less competitive from an economic standpoint. One caveat, according to nternational Herald Tribune commentator and former Arthur Andersen auditor Jim Peterson: The already shaky audit industry — built only on four major players — may not be able to survive another failure, especially in light of the current economic downturn.  READ MORE 

Source: http://compliancehome.com/

Nossa Caixa bank, the third-largest public Brazilian bank, has become the first financial institution in the world to achieve BS 25999 certification. The bank was assisted by Modulo, which provided consultancy services and software. www.nossacaixa.com.br

Originally Posted by John Glenn in Untagged 

The following list is a "sampling" of risks facing a typical organization. It was cobbled together with little thought, which means that sitting down with functional unit Subject Matter Experts (SMEs) and other planners will identify many more risks, and certainly add to risk specificity.

Sometimes a "risk" also is a benefit. Volunteerism, for example, can be a multi-headed risk (injury to personnel, legal action, image, lost productivity) but it also can be a benefit (image, promotional).

There are some "risks," such as "Evacuation & shelter-in-place training" which obviously must be followed by "lack of."

Using the following as a "basic" checklist is fine, providing everyone understands no list can be all inclusive for all organizations.

Environment

Cold - Heat
Drought - Flood
Dust
Earthquake
Fire
Fog/Smog
Hurricane
Ice
Land or mud slide
Pollen
Rain
Sinkhole
Snow
Solar storms
Space debris
Tornado
Tsunami
Volcano Wind - Flying debris

Laws & Regulations

Additional as business expands
Changes to existing regulations
Fines & Penalties
Hours/Days of operation
Minimum wage
Planning & Zoning
Regulator personal focus
Traffic patterns (access)

Other

Air, rail, roadway, water accidents
Bond rating
Change in

personnel
plan
process
product
program
provider (vendor)
purchaser

Communications - external
Communications - internal
Community event (celebration)
Facilities
Hazmat incident
Image
Lack of 9-1-1 response
Neighbor’s "event" (fire, etc.)
Owners’ disputes
Stock value
Rumors

Peers (industry)

Competition
Standards

People

Accident (any type, location)
ADA
Benefit costs
Citizenship status (I-9, visa)
Cross-training
Death
Domestic violence
Education
Family concerns
Handicaps - obvious & hidden
Harassment
Holidays
Human error
Illness
Incompetence
Insurance coverage
Military service
Payroll
Policies & Procedures
Politics
Preventive medicine (flu shots, etc.)
Special needs
Succession
Taxes & Social Security payments
Terrorism - Going "postal"
Unions (by any name, e.g., Guild)
Vacations
Volunteers
Volunteerism
Work actions
Workman’s compensation
Workplace violence

Self-Protection

Awareness training
Client well-being checks
Evacuation & shelter-in-place training
Fire, radon, etc. detection/suppression
First aid (advanced training)
Insurance
Plan status (exercised, current)
Security

Technology & Utilities

A/C and Heat
Electricity
Fuel
Gases, etc.
Info Tech
Power
Telephone
Water
also see Vendors

Vendors

Casual staff
Competitors for vender service
Consultants
Couriers
Financial resources
Mail
Transportation
Vendor plan (lack of)
Vendor stability
Waste removal

Use the COMMENTS option to add additional risks to the list.