Talking sense about the audit committee
What are the responsibilities of the audit committee of the board? The audit committee is established by and among the board of directors for the primary purpose of assisting the board in:
risk
A simple risk-driven decision technique
Even as a youth, I was told to consider my options when I was making an important decision. My parents taught me to take a piece of paper, draw a line down the middle, and write down the “pros” on one side and the “cons” on the other.
Agile risk management
How do you know whether to speed up (take the risk), slow down (minimize a risk), or even stop if you don’t understand all the things that might happen? You have to be able to assess and evaluate both the good and the bad so what you put on each side of the scale is in fact comparable.
