Service industries – РИСК-АКАДЕМИЯ – АНО ДПО ИСАР

Booz Allen Hamilton (NYSE:BAH) Q2 2021 Earnings Prep

riskacademy — Tue, 27 Oct 2020 16:27:21 +0000

Booz Allen Hamilton Holding Corporation (NYSE:BAH) is scheduled to report Q2 earnings results on October 30, 2020.

The company is expected to report earnings of $0.92/share on revenue of $1.967 billion. The consensus earnings per share (EPS) of $0.92/share is based on a poll of 13 analysts and represents a growth in eps of 13.3% over the same quarter last year, when the company reported earnings of $0.81/share.

The revenue forecast of $1.967 billion based on a poll of 11 analysts implies a year-over-year (YoY) growth in revenue of 8.1%. Last year the company reported $1.82 billion in revenue for the quarter.

Expected to report EPS growth of **13.3%** for Q2, 2021
Metric	Expected	Prior Year	YoY Change
Revenue	$1,967.11	$1,819.58	8.1%
EPS	$0.92	$0.81	13.3%

Earnings Call Trends

Management has been great at managing analyst expectations historically. The company has a perfect record over the last 8 tracked quarters of exceeding earnings guidance.

What are your expectations from Booz Allen Hamilton Holding Corporation for earnings this quarter? Let us know in the comments!

Good news about data breaches

riskacademy — Sun, 30 Aug 2020 17:48:01 +0000

Protiviti has shared a useful summary of the latest Verizon Data Breach Investigations Report (DBIR), which is available from Verizon here.

The good news was put well by Protiviti:

One of the surprises in this year’s report is that organizations are discovering 60 percent of data breaches in days or less and containing 80 percent of breaches in the same timeframe.

As Protiviti says:

Verizon highlights that this is due to more breaches being detected by managed security providers, and not necessarily an improvement of internal detection and containment capabilities.

The Verizon report has a wealth of detail but it is awkward to navigate. So I suggest reading the Protiviti summary first.

One of the Verizon points which is of tremendous importance, although it is hidden in the middle of the Results and Analysis section[1], is this:

Last year, we looked at the median impact cost for incidents reported to the FBI IC3. With regard to business email compromises (BEC), we noticed that most companies either lost $1,240 or $44,000 with the latter being slightly more frequent (Figure 32).

Also, last year we stated that when “the IC3 Recovery Asset Team acts upon BECs, and works with the destination bank, half of all U.S.-based business email compromise victims had 99% of the money recovered or frozen; and…

Подробнее…

Deloitte outlines a 5-Step Security Approach for the Digital Enterprise

riskacademy — Fri, 03 Jul 2020 09:10:46 +0000

Last week’s Deloitte’s 9th Global Millennial Survey 2020 stated Cybersecurity to be a top concern amongst Indian enterprises. According to the survey, the unprecedented COVID-19 times drive the need to ‘go digital’ in all aspects of business through virtualized infrastructure, and work from home (WFH) becomes the new normal, the sophistication and frequency of cyber threats have also increased in recent months.

The research shows a whopping number of Cyber-attacks that have been witnessed by large enterprises and SMEs operating in India in the past week alone. The survey further states 86% of millennials and 83% of Gen Zs agreed prefer the option to work from home in the future as a way to relieve stress.

“In the era dominated by digital transformation, Indian enterprises have been susceptible to some major cyber-attacks and threats as a result of businesses transitioning to cloud with broader networking capabilities,” Shree Parthasarathy, Partner and National Leader – Cyber Risk Services, Deloitte India told CXOToday.

Parthasarathy believes, while these threats are not new, their sophistication and frequency have increased and there is an immediate need for…

Announcing a new pair of books for internal audit practitioners

riskacademy — Fri, 19 Jun 2020 13:54:53 +0000

Home
> Risk > Announcing a new pair of books for internal audit practitioners

Announcing a new pair of books for internal audit practitioners

One of the best ways for an internal audit department or individual internal auditors to upgrade their practices is by discussing case studies.

I learned this through a friend of mine, Professor Barbara Toffler, who mentored top executives on ethics. Instead of learning an ethics code, which is not sufficient in guiding action in real life, she led sessions where a team of executives would discuss one or more case studies based on real life situations. This was very effective in helping them think through the implications of the situation and how they should – and should not – respond.

Auditing that Matters: Case Studies is a collection of 20 case studies based (all but one) on real life situations from my years as an internal audit executive.

When an internal audit function holds a team meeting, each member is given a copy of this book (preferably in advance) and asked to think about what they would do. Each case study ends with a number of questions, but the leader can certainly either adapt them or add his or her own.

Then the team leader can facilitate a discussion of the selected case and see if the team can, after exploring the options, come…

Подробнее…

These two workshops are a must watch for anyone working in risk management or insurance. They are free to watch

riskacademy — Mon, 01 Jun 2020 15:21:04 +0000

These two workshops are a must watch for anyone working in risk management or insurance. They are free to watch #riskacademy, #riskarticles, #riskmanagement, #decisionmaking, #iso310000

These two workshops are a must watch for anyone working in risk management or insurance. They are free to watch

Anyone working in risk management and insurance absolutely must watch these 2 workshops:1. Why risk management is broken?Despite 'risk management' being a much-heard expression these days: There i

Присоеденяйтесь к официальной группе ИСАР в Facebook

Is COVID-19 Infecting Your Internal Control over Financial Reporting?

riskacademy — Tue, 12 May 2020 11:00:56 +0000

The COVID-19 pandemic has triggered rapid changes to business processes, not least of which has been the widespread migration of employees to remote working arrangements. Kral Ussery partner Michael Ussery explores what impacts these business processes changes might have on internal control over financial reporting (ICFR).

The rapid closure of many “nonessential”[1] businesses and government orders to “shelter in place” have had unprecedented impacts on businesses of every size and shape. Businesses have shuttered offices or significantly reduced office personnel. As a result, most office workers, including accounting and financial reporting staff, have been forced to work from home. This migration has not only impacted where employees work, but how they work. Many companies have been forced to implement temporary workarounds for processes and procedures that worked smoothly in a cohesive office environment but may be ill-suited for a home-based workforce.

Remote work arrangements have also raised new potential challenges and fraud risk. The onset of the changes was so quick, few companies had sufficient time to react. In a matter of a couple of days, many companies had to migrate from office staff working cohesively in a closed office environment to a virtual home environment. Some employees had…

Подробнее…