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    1. Use data privacy to gain a competitive advantage   WebExclusive

    BY Ken Tysiac
    Data privacy doesn’t have to be an issue that keeps executives awake at night.Instead, companies that approach data privacy the right way can use it to differentiate themselves, said Carolyn Holcomb, CPA, the leader of PwC’s data protection and privacy practice in the United States.“We see companies that are saying, ‘I can use this as a competitive advantage.

    2. Five key defenses against risk   WebExclusive

    BY Ken Tysiac
    When does a company pull the trigger on an acquisition or investment? When is expanding into a new market a prudent choice? And when is the right time to hire additional personnel or change employee benefits?These are among the many questions organizations consider through a lens of strategic opportunities and risks.

    3. How to conduct a risk workshop  

    BY Neil Amato
    Humana is a company of 50,000 people, so assessing and addressing all the risks that each segment of the company encounters is no easy feat.For years, Humana, a multibillion-dollar player in managed health care and health insurance, had a top-down approach to risk. But a few years ago, the company decided it wanted to manage risk from the bottom up as well.

    4. Anti-corruption steps  

    BY Sabine Vollmer
    Regulators in many parts of the globe have increased enforcement of anti-corruption laws. Anti-corruption experts offered the following tips on how companies doing business overseas can step up vigilance to reduce corruption risks. Assess internal and external risks. Enforcement actions by the Department of Justice and the SEC highlight the most likely trouble spots: Overseas activities and engagement of third parties—such as distributors, sales agents, intermediaries, or suppliers—tend to increase a business’s corruption risks, especially when the activities and parties operate in developing economies.

    5. A breach of client data: Risks to CPA firms  

    BY Amy Waldron, CPA, and David Hallstrom
    You walk into your office on a Saturday morning during tax season to find a staff member waiting for you with sweaty palms and a look of terror on her face. She takes a while to get the words out, but you soon learn that she backed up some client files to an unencrypted flash drive and dropped it in her purse before going to a “happy hour” the night before.

    6. How to do business in India   CPEDirect

    BY Sabine Vollmer
    India remains a market with rapid-growth potential despite the inflationary pressures and fallout from the euro-zone crisis that have slowed economic growth substantially since the end of 2011. The country, the world’s second-most populous, has an expanding middle class of consumers, an improving infrastructure, and a young, innovative workforce.

    7. Most U.S. small businesses lack disaster-recovery plans   WebExclusive

    BY Jeff Drew
    More than 60% of U.S. small businesses do not have a formal emergency-response plan and fail to back up their financial data off-site, leaving them vulnerable to catastrophic data loss in the event of a natural disaster. The Small Business Disaster Preparedness Study, conducted by software maker Sage North America, found that while 94% of small U.S.

    8. U.K. Bribery Act Requires New Precautions for Global Companies  

    BY Gary James
    The U.K. Bribery Act 2010 that took effect July 1 represents a major change in global anticorruption law, but awareness of its provisions remains low, according to a Deloitte webcast poll. U.S. companies with offices or sales activities in the U.K. need to get up to speed with its provisions, experts warn, because the law applies both to companies that are incorporated in the U.K.

    9. Lessons on Managing Risk in Emerging Markets   WebExclusive

    BY MICHAEL FERGUSON, CPA
    In recent years, as economies in developed countries have slipped and stagnated, a number of U.S. and other companies have sought to fuel growth by investing in emerging markets. There are many benefits to employing such a strategy: By and large, developing countries promise access to new, untapped markets; rising levels of consumption, driven by rapidly growing middle classes; and access to inexpensive labor and materials.

    10. KPMG Poll: Many Anticorruption Programs Fall Short   WebExclusive

    While awareness is growing about the dangers posed by bribery and other forms of corruption in various countries around the world, many U.S. and U.K. companies still have gaps in the programs they put in place to mitigate such risks, according to a newly released survey by KPMG International.
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