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OpsAudit™ service addresses the risk that Board members,
Audit Committee members and officers are now facing. The rules and regulations of SarbOx are increasing their personal liabilities and subsequent increases in Directors and Officers (D&O) insurance premiums. Corporations will have to do a better job at convincing the insurance companies that they have a handle on corporate risk. Although premiums have recently increased substantially, some underwriters report they are still loosing substantial money. Given this environment one can expect insurance companies to demand assurances that corporations are managing risks effectively.
The OpsAudit™ service
is an independent third party assessment of the operations of the business. VisageSolutions
will identify risks that management could not or would not identify during
normal Enterprise Risk Management activities.
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