Business Commons^™

Lawyers In The Shadows: The Transactional Lawyer In A World Of Shadow Banking, Steven L. Schwarcz

Faculty Scholarship

This article examines how the role of transactional lawyers should change in the new world of shadow banking. Although transactional lawyers should consider the potential systemic consequences of their client's actions, their actions should be tempered by their primary duties to the client and by their responsibilities to the l,egal system more broadly.

Slides: Hydrofracking: Air Issues And Community Exposure, Debra A. Kaden

Air Quality Impacts from Oil and Gas Development (January 27)

Presenter: Debra Kaden, Ph.D., Toxicologist, ENVIRON International Corporation, discusses air concentrations of chemicals of potential health concern surrounding oil and gas development activities, as well as temporal and spatial patterns of these chemicals in the ambient environment. Such information is necessary to evaluate possible health impacts of the drilling process on air in surrounding communities.

19 slides

End-User Computing Applications, Mary C. Hill, W. Alan Barnes

Faculty and Research Publications

Businesses today rely on the work being done by staff using personal computers. The proliferation of personal computers has led to widespread implementation of end-user computing applications. As their name implies, end-user applications are designed, implemented, and controlled by users rather than by IT professionals. End-user applications can be risky for organizations, both with respect to management decision making and to financial reporting. For public companies, the risk involved in these applications has been increased by the requirements of the Sarbanes-Oxley Act of 2002, which call for management to document end-to-end financial operations and internal control structures. This article review …

Enterprise Risk Management For Fishing Tournaments, George Louis Hunt, Jack R. Ethridge, Violet Rogers

Faculty Publications

The fishing tournament industry is confronted with many of the same risks as other industries (such as financial statement misstatements), share some risks specific with others (such as cheating in casinos), and face some unique risks (such as the risk of competitors adding weight to fish).

This teaching case explores some of the risks inherent in the fishing tournament industry. Students are given background information about a how a tournament operates and then asked to perform an overall risk assessment using the COSO enterprise risk management framework. Elements of the assignment include assessing the internal environment, setting of objectives, and …

The Impact Of Groups And Decision Aid Reliance On Fraud Risk Assessment., Anna Alon, Peggy Dwyer

Faculty Publications

The purpose of this paper is to investigate how the brainstorming component of Statement of Auditing Standards (SAS) No. 99 influences decision aid use and reliance, and the effectiveness of fraud risk assessment. The research framework links the influences of the fraud assessment setting and decision aid reliance. The hypotheses are tested in an experiment with two manipulated factors: setting (group or individual) and decision aid (provided or not provided). The results of the study provide insight on how the brainstorming impacts fraud risk assessment, decision aid use and decision aid reliance. The results show that groups using a decision …

How To Distinguish Smart Big Moves From Stupid Ones, Paul Strebel, Anne-Valerie Ohlsson-Corboz

Research Collection Lee Kong Chian School Of Business

When top executives undertake big moves – dramatic shifts in strategic direction – their decisions can make or break a company. This paper aims to offer a methodology for cutting the risks of making a catastrophic misstep. To avoid a corporate disaster and increase the chances of a smart and ultimately successful big move the paper raises six critical questions that must be answered honestly and unequivocally by managers. The research indicates that there are five classic types of big move, each corresponding to a different position on the corporate performance curve: finding a new game; going for growth; getting …

Consensual Security Risk Assessment: Overcoming Bias, Conflicting Interests And Parochialism, Benjamin Beard, David J. Brooks

Australian Security and Intelligence Conference

In a risk assessment process, insular methods of data collection and analysis may lead to an inaccurate risk assessment as stakeholders hold individual biases, conflicting interests and parochial approaches to certain risks. The article considered these issues and tested a consensual risk assessment approach that can overcome many of these issues. A staged risk assessment process was applied within an entertainment complex in the Security, and Food and Beverage Departments. Eight supervisors from the two departments participated in the study, with each participants individually interviewed on their view of predefined risks followed by the same risks discussed within a facilitated …

Data Analysis And Its Impact On Predicting Schedule & Cost Risk, Steven M. Cross

Theses and Dissertations

Many databases rely on documents (research) of the past to input data to create a comprehensive database. The Selected Acquisition Report (SAR) is one such document. The SARs are pervasive documents that have undergone decades of scrutiny by Congress and watchdog organizations such as the Government Accountability Office. Since the SAR has undergone such massive evolutionary changes, creating an accurate acquisition database presents a daunting task for the analyst and researcher alike. This research concerns itself with one such database. From this prior research database, we look to fill in missing data. We first conduct a literature review to determine …

Managing Risk In The New Economy, American Institute Of Certified Public Accountants (Aicpa), Canadian Institute Of Chartered Accountants

Guides, Handbooks and Manuals

No abstract provided.

How To Handle The Threat Of Catastrophe, Carol M. Sanchez, Stephen R. Goldberg

Peer Reviewed Articles

One of the principal jobs of chief executives is to minimize risk and vulnerability to catastrophic events. Analyzing risk has become more complex since September 11, 2001. In addition to terrorism, other catastrophes can change the course of life as we know it including cyber crime, biological attacks, and the spread of diseases such as SARS. Companies must realign corporate priorities and put the security issue at the forefront, as many companies have done since the 9/11 attacks. Risk management has dealt traditionally with two types of events: known risk and unknown risk. Known risks are events you know exist, …

Managing Project Uncertainty: From Variation To Chaos, Arnoud De Meyer, Christoph H. Loch, Michael T. Pich

Research Collection Lee Kong Chian School Of Business

The article cites a study finding that accurately gauging the degree of uncertainty inherent in the projects can help project managers quickly adapt to it. Researchers studied 16 projects in areas including personal-computer development, telecommunications, Internet startups, pharmaceutical development, iron-ore processing, airship development, and building construction, to examine risk management and project outcomes. They found that most managers failed to recognize that there are different types of uncertainty, each requiring a different management approach. This paper explores uncertainty-based management, which derives planning, monitoring and management style from an uncertainty profile comprising four types of uncertainty: variation, foreseen uncertainty, unforeseen uncertainty, …

A Five-Year Management Stategy For Recreational Fishing On The West Coast Of Western Australia, West Coast Recreational Fishing Working Group

Fisheries management papers

In its discussion paper (Fisheries Management Paper No. 139), which was widely distributed and publicized, the working group put forward a range of management proposals for community discussion. These were developed after meeting directly with recreational fishers in key regional centres and receiving feedback from fisheries scientists and managers. The discussion paper attracted widespread comment, with more than 1,200 written submissions received from recreational fishers, angling clubs and other stakeholders. The working group would like to thank all those individuals and organisations that took the time to provide this valuable feedback. It was recognised that some of the most pressing …

Crop Updates 2001 - Cereals, Ross Kingwell, Wal Anderson, Eddy Pol, Peter Burgess, Ashley Bacon, D. M. Bakker, G. J. Hamilton, D. Houlbrooke, C. Spann, M. A. Hamza, Paul Blackwell, M. D. A. Bolland, Maurice Black, R. F. Brennan, W. L. Crabtree, Bill Bowden, Chris Gazey, Rochelle Strahan, Bob Gilkes, Zed Rengel, Stephen Loss, Tim O'Dea, Patrick Gethin, Ryan Guthrie, Lisa Leaver, David Phelps, Darshan Sharma, Mohammad Amjad, Md Sanajahanh Miyan, James Fisher, Senthold Asseng, Bill Bowden, Michael Robertson, Glen Macdonald, Kevin Young, Blakely Paynter, Jatinderpal Bathal, Cameron Weeks, Kith Jayasena, Robert Loughman, Q. Knight, Dominie Wright, Nichole Burges, Lisa-Jane Blacklow, Rob Hulme, Rob Griffith, Jenny Hawkes, Roger Jones, Debbie Thackray, S. B. Sharma, S. Kelly, Peter Newman, Dave Nicholson, Harmohinder S. Dhammu, Terry Piper, Mario F. D'Antuono, Mehmet Cakir, Nick Galwey, David Poulsen, Garry Ablett, Reg Lance, Greg Platz, Joe Panozzo, Barbara Read, David Moody, Andy Barr, Peter Langridge, Tina Botwright, Tony Condon, Robin Wilson, Iain Barclay, Howard Carr, Greg Shea, Ian Foster, David Tennant

Crop Updates

This session covers forty two papers from different authors:

PLENARY

1. Planning your cropping program in season 2001, Dr Ross Kingwell, Agriculture Western Australia and University of Western Australia

WORKSHOP

2. Can we produce high yields without high inputs? Wal Anderson, Centre for Cropping Systems, Agriculture Western Australia

VARIETIES

3. Local and interstate wheat variety performance and $ return to WA growers, Eddy Pol, Peter Burgess and Ashley Bacon, Agritech Crop Research

CROP ESTABLISHMENT

4 Soil management of waterlogged soils, D.M. Bakker, G.J. Hamilton, D. Houlbrooke and C. Spann, Agriculture Western Australia

5. Effect of soil …

Final Technical Report For Grant De-Fg01-96ew56093 Nevada Risk Assessment/Management Program (Nramp), Donald H. Baepler, Anthony Hechanova

Nevada Risk Assessment/Management Program

The Nevada Risk Assessment/Management Program (NRAMP) was part of a national effort by the U.S. Department of Energy (DOE) to develop new sources of information and approaches to risk assessment, risk management, risk communication and public outreach as these objectives relate to the ecological and human health effects of radioactive and hazardous material management and site remediation activities. This final report presents a synopsis of the NRAMP effort that occurred from 1995 to 2000. Included in this report is a brief history of NRAMP including a description of the DOE Notice of Program Interest (NOPI) goals and how the NRAMP …

Corporate Risk Analysis: A Reckless Act?, W. Kip Viscusi

Vanderbilt Law School Faculty Publications

Balancing of risk and cost lies at the heart of standard negligence tests and policy analysis approaches to government regulation. Notwithstanding the desirability of using a benefit-cost approach to assess the merits of safety measures, in many court cases juries appear to penalize corporations for having done a risk analysis in instances in which the company decided not to make a safety improvement after the analysis indicated the improvement was unwarranted Automobile accident cases provide the most prominent examples of such juror sanctions. This paper tests the effect of corporate risk analyses experimentally by using a sample of almost 500 …

When It’S Double Or Nothing In Assessing Audit Risk, Janet L. Colbert

Woman C.P.A.

No abstract provided.

Theory & Practice: Reporting In An Uncertain Environment, Marilyn J. Nemec

Woman C.P.A.

No abstract provided.