Insights

Business Performance Management - As a Tool to Become an Effective CFO

If we regard the contemporary finance function as a consulting entity to the firm, CFOs should act like the CEO of this consulting entity. Thus, it involves not only performing the operations of the entity’s finance function but also managing sales, marketing, human resources and technology of these operations.
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Risk Management and Internal Controls During COVID-19 Pandemic

COVID-19 pandemic wreaks havoc on everywhere. In just a few weeks, there have been important changes in our business and social life.  While issues such as transferring the daily routine to the house suddenly, experiencing social distance for the first time and having travel restrictions deeply affect our social life.
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The Craziest Project of Turkey – Getting Closer to Somalia!

Turkey’s score and the place in the world ranking stated in the 2019 Corruption Perception Index announced by Transparency International on January 23, 2020, confirms that shameful practices like "corruption, bribery, conflict of interest, economic extorsion...
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The Effect of the COVID-19 Period on the Companies Left Behind in the Digital Transformation Journey

The effects and destruction of the coronavirus, which was declared as a pandemic by the World Health Organization (WHO) in China and in more than 100 countries for a short time in late 2019, continue. Individuals, institutions and national economies are ...
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Once Bitten, Twice Shy: Due Diligence on Third Parties

History shows that mismanagement of third-party ethics and compliance risks may cause significant damages for companies. By taking lessons from old mistakes, you get plenty of reasons to take preventative, detective and monitoring actions in managing your third-party risks.
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It is Your Call Whether to Prevent Fraud Losses or to Say “Kiss It Goodbye”!

Fraud prevention initiatives aim to minimize the likelihood of fraud occurring while maximizing the possibility of detecting any fraudulent activity. If the defense mechanism is well established, then perpetrators most often feel uncomfortable and get the feeling of being ...
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Capture Rhythm and Defend Your Company: The Three Lines of Defense Model

Every year, huge number of organizations experience new scandals, frauds, compliance and governance failures. Disastrous consequences of such massive corporate collapses “as a victim of inadequate corporate governance” have once again demonstrated the importance of a systematic risk management and control approach.
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