|
'Business
continuity briefs' provides a summary of new product and services
press releases and other useful resources published in the last
24 hours.
A report issued by Ernst & Young shows that overall the insurance industry and its constituents have given the International Accounting Standards Board strong support for the development of a high-quality global insurance standard, with many referring to it as much needed. The report, prepared for the benefit of a consortium of the world’s most influential insurance trade bodies, summarizes the comment letters posted to the IASB’s website in response to its discussion paper, Preliminary Views on Insurance Contracts, and shows some differences of opinion on how the standard should be drafted and implemented, often depending on geography, regulatory environment or industry sector. www.ey.com/insurance
As companies expand globally, outsource business operations and add new IT systems, they become more vulnerable to fraud, according to a report from Kroll. The latest Kroll Global Fraud Report highlights the growing danger of supply chain fraud to businesses worldwide. Large companies have increasingly become ‘extended enterprises’ as they have globalized, outsourced, re-engineered their business processes, brought business partners and vendors closer and specialised their functions. The result makes them more complex and leaves them vulnerable to an array of frauds ranging from simple theft, to the misrepresentation of inventory to fool investors, through to counterfeiting, grey market diversion and piracy.
www.kroll.com/fraud
Sri Lanka is becoming an important base for alternative business continuity sites for India's business process outsourcing (BPO) industry, according to a report in the Sri Lanka Daily News. Read the story
FEMA daily SITREP
World weather impacts
California wildfire rage
Storms leave 200 injured in Virginia, officials say
•Date: 29th April 2008• Region: Various
|
