Talking about inherent and residual risk
Are organizations unnecessarily risk averse? That can be crippling in many ways, including slowing agility and decision-making as well as failing to take advantage of opportunities.
addressing risks
An idea to help drive effective risk management
We want all decision-makers to consider all the potential consequences of their decision (in fact, all the potential consequences for each option on the table) before making an informed and intelligent judgment. What if the quality of decision-making was a significant factor in assessing performance? Thus affecting compensation and career progression. This idea could help drive effective risk management.
The worst audit report I have seen
I have seen a few candidates for this title, but one stands out. This is how I described it in my best-selling book, World-Class Internal Audit: Tales from my Journey:
