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About This Blog Updated daily by members of the Business Finance Expert Network, The Big Fat Finance Blog is intended to arm finance professionals with innovative ideas and best practices that help finance organizations create value.
In my previous post, I discussed Deloitte LLP’s “Ethics & Workplace” surveys.
To find out more about the survey, I asked Deloitte LLP chairman of the board Sharon Allen to provide some additional context.
Given that my only risk-management concern early this week relates to thunderstorms off the coast of South Padre Island, I asked Sharon to step in as a guest blogger today. more
It is not difficult to find stories to read about business process and internal control failures happening all around us … in entities of all types and sizes.
And doesn’t every case of failure start and end with people?
The answer to that is clearly “yes.”
The U.S. Postal Service, like most organizations lately, has been having a tough time making ends meet. Earlier this month, John E. Potter, postmaster general, testified before the Senate about an expected 13 percent decline in volume in 2009 and a loss of $2.4 billion for the quarter ending June 30, 2009.
Potter mentioned several plans designed to staunch the red ink, including cutting a day of service — Saturday, to be precise. Such a move would save about $3.3 billion yearly, the USPS estimates. more
Kudos to Deloitte LLP chairman Sharon Allen for her commitment to exploring GRC practices.
Two years ago, Allen commissioned her firm’s first annual “Ethics & Workplace” survey. The first study focused on an interesting relationship: the connection between work-life balance (or “career-life fit”) and ethical behavior on the job. Last year’s study focused on leadership transparency and its relationships to ethics — and productivity — on the job.
This year’s survey concentrates on the GRC-related effects of social networking. more
In an op-ed piece in today’s Wall Street Journal, Charles Murray takes aim at a couple of aspects of taxation that usually fly under the media radar — payroll taxes and income tax withholding. Murray, a resident scholar at the American Enterprise Institute, a right-leaning think tank, argues that both practices are “bad for democracy” and should be scrapped. more
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