by Red Scribble | Mar 9, 2026 | Governance
The Liability of a False AssuranceThe ContextOn 24 February 2026, French Bakery was sentenced in the Christchurch District Court. The penalty was $245,000. This comprised a $200,000 fine and $45,500 in reparations for breaches of the Health and Safety at Work Act...
by Red Scribble | Feb 24, 2026 | Governance
The ContextA 15-month pilot by the Anti-Corruption Taskforce, concluding February 2026, quantified the systemic failure. It identified 446 alleged fraud and corruption incidents across six public sector agencies. One agency reported no or only partial controls for 70%...
by Red Scribble | Feb 12, 2026 | Governance
The ContextOn 10 February 2026, Bithumb, South Korea’s second-largest cryptocurrency exchange, executed a catastrophic operational failure. A single employee entered a promotional value in bitcoin instead of Korean won. This data entry error converted a $423...
by Red Scribble | Feb 12, 2026 | Governance
The Serious Fraud Office’s 2025 pilot report documented 446 internal fraud and corruption cases across six public sector agencies in 15 months. The report explicitly states these figures are an undercount due to inadequate controls. Extrapolating the 0.45% to...
by Red Scribble | Feb 9, 2026 | Governance
The Context A 27% workforce reduction. 28,000 employees lost between January and December 2025. The US Internal Revenue Service (IRS) workforce collapsed from 102,000 to 74,000. The hiring plan failed. Only 50 of 2,200 seasonal staff were onboarded. A 43-day...
by Red Scribble | Feb 7, 2026 | Governance
The Expedited PenaltyA new, faster enforcement pathway for health and safety failures is now operational. Your due diligence clock is ticking.The ContextIn February 2026, Minister for Workplace Relations and Safety, Brooke van Velden, announced a complete overhaul of...