Have you heard the phrase “risk is the new black”? It refers to the fact that what people thought was safe has now changed radically. As a result, organizations are now expected to provide investors, customers and regulators verifiable assurance that there are the necessary controls to manage risk, by ensuring segregation of duties, integrity of operations and auditability.
It is becoming increasingly common to hear auditors ask about:
Governance and Compliance,
Napoli, August 23 AD 79
I am so excited. I have just signed the tablet with the local estate agent to purchase that villa I told you about in Pompeii. My estate agent says it’s a fantastic property with great views of the mountain and you can also see the sea. He says that I cannot go wrong with the location because the villa is right in the heart of the town, not far from the market. I thought we could move in today but my estate agent says he cannot give me the keys because he’s been told that there’s a big barbecue going on today on the mountain and he doesn’t want to miss out. There’s certainly a lot of smoke coming from Vesuvius – they’ve clearly started cooking the meat - so perhaps it would have been fun to be there as well. But me and Fulvia have rather decided to spend the weekend relaxing on the Amalfi coast and we’ll move in on Monday.
Amalfi, August 25 AD 79
seeker of value,