We hear a lot about cognitive bias these days (and confirmation bias – a type of cognitive bias), an extraordinarily important concept in life, business and marketing, most recently made famous by Scott Adams’ book Win Bigly: Persuasion in a World Where Facts Don’t Matter
Confirmation bias, twisting (or ignoring) facts to support what you want to believe (or sell), can be the death of companies. Keep your KPIs simple and believe in them. If they are declining, you have trouble.
Fraud is increasingly a driver of corporate financial distress and, therefore, a part of our practice. Inside is a chart showing the sentencing range imposed in recent major Canadian commercial fraud cases.