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Post-Pandemic Business Continuity Recovery Strategies

FEI

I often lead crisis management drills for one of our customers in the hospitality industry. Predict and plan for factors such as geographical spread of the virus or its variants, how local governments may respond to it, and potential intervention strategies. Consider business interruption insurance. Prepare for your recovery.

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Internal Controls & Fraud Prevention

Reciprocity

It serves as a benchmark to assess behaviors and hold employees accountable if they are non-compliant. These auditors must know how to assess fraud risk.

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Risk Assessment vs Risk Analysis

Reciprocity

After identifying the risks, it’s time to perform the risk analysis and develop action plans. Implement controls and risk response plans to prevent and mitigate risk. Assess the risk probability and criticality. You are not expected to eliminate all risks since this is often not feasible.

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What is Business Continuity?

Erwood Group

Incident Response. Plan Development and Implementation. Business Continuity Plan Exercises, Assessment, and Maintenance. One client recently obtained a $500 Million dollar increase in insurance coverage with zero increase in premium costs. Due to this the private sector is literally all over the map on incident response.

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A Resilience Charter

Emergency Planning

All levels of government should develop business continuity plans to ensure that their essential services can continue to be delivered during crisis conditions. The business continuity plans will function in parallel to emergency response plans.