In Part 1 of this post I talked about the fact that the relationship between better risk management and more control is not intuitive or even direct. We discussed the shortcomings of the traffic light system as a control. We also touched on the issues in financial control with the false sense of security created by automated controls, such as those for purchase limits for example. You can read Part I here . . .
The same challenge exists for the classic accounting control,
Friday, June 1, 2012
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