Re:Pervasive Sham Deals at Wells Fargo, and No One Noticed?
by arcanus on Wednesday September 14, 2016 @10:29AM
(#12497177)
> how little auditing goes on
Companies see Risk Desks, QA, etc. as 'cost centers', and try to keep these budgets down.
Risk adjusted, they are massive profit centers. In addition to the actual $$ they save in fines, and stock price losses, the damage to the brand is often in the billions. But it is hard to measure the impact of events that do not occur.
Companies see Risk Desks, QA, etc. as 'cost centers', and try to keep these budgets down.
Risk adjusted, they are massive profit centers. In addition to the actual $$ they save in fines, and stock price losses, the damage to the brand is often in the billions. But it is hard to measure the impact of events that do not occur.