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business risk

By Norman D. Marks, CPA, CRMA | 2 Minutes Read March 15, 2023

The risk is assessed as high. So what?

risk managementWhile there may be a debate whether risk should be assessed using qualitative or quantitative measures, I believe that is answering the wrong question. Knowing what the level of risk is, even whether it is an unacceptable level of risk, is insufficient information.

Article by Norman D. Marks, CPA, CRMA / Business, Finance and Accounting, Information Technology / assessing risk, business risk, internal control, risk management Leave a Comment

By Norman D. Marks, CPA, CRMA | 3 Minutes Read February 15, 2023

Putting cyber risk into business perspective

risk managementI am in the process of writing a new book intended as guidance for senior management and board members on decision-making when it comes to cyber risk.

Article by Norman D. Marks, CPA, CRMA / Business, Information Technology / Business, business risk, cyber risk, Data breach, internal control, risk, risk management Leave a Comment

By Norman D. Marks, CPA, CRMA | 2 Minutes Read September 26, 2018

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.

Article by Norman D. Marks, CPA, CRMA / Business, Finance and Accounting / addressing risks, business risk, inherent and residual risk, internal audit

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