This book provides listed and limited companies with guidance on the preparation of Principal and Emerging Risks critical to their longevity, performance, reputation and profitability. Principal Risks are not prepared in a vacuum, and hence their context is described in terms of a risk strategy, policy, framework and process—as well as the roles and responsibilities of the Board, the Audit and Risk Committee, and business units—and the risk function (against the backdrop of the UK Corporat...

All organisations are affected by fraud, but disproportionately so for SMEs given their size and vulnerability. Some small businesses that have failed to manage business fraud effectively have not only suffered financially but also have not survived. This book provides a guide for SMEs to understand the current sources of business fraud risk and the specific risk response actions that can be taken to limit exposure, through the structured discipline of enterprise risk management.Th...