ACFE 2018 Report
It's out !!! ~ The Association of Certified Fraud Examiners annual report is a phenomenal read, informative and easy to digest. It's littered with a huge array of infographics that puts a wide set of clear but concerning messages across to the reader. In this short blog posting we have taken to put a few thoughts forward on the report. First up, the Occupational Fraud and Abuse taxonomy or classification tree described on page 11 should help risk departments delineate the var
Fighting Cognitive Biases
So why do risk institutes and associations not publishing research or guidance on the topic? It would probably be fair to say that the academic institutes are in fact publishing plenty of papers on cognitive biases each year. The problem is they seem to be the main channel for such reading, and academic theory doesn't usually translate so well into any type of practice or guidance. Material decisions in the foreground of uncertainty is a driver of risk, we know this to be tru
Monte Carlo Masterclass
It's been a huge first quarter for Causal Capital in 2018 with various risk and audit masterclasses across Malaysia, Beirut, Dubai, Kuwait and today; we are in Bahrain. A big thank you goes out to the teams that have been part of these applied hands-on learning sessions which tend to end up being a dive deep into the world of Monte Carlo modelling. Risk Quantification | Causal Capital Risk & Audit Masterclasses I always say that if I were on a desert island and only allowed t
Auditing Culture
It’s been a huge week in Dubai working with some incredible auditors to develop techniques for auditing organisational culture, a project we have labeled as ARC. During the Global Financial Crisis, it become apparent that the entire banking community had pandemic wide mis-alignment of ethical fundamentals that became the backdrop for poor cultural outcomes. Even so and more recently, we are reminded that organisational culture has a tendency to positively or negatively influe
