by Jean-Christophe Mathonet | Oct 30, 2017 | Advisory, Control, Governance, Risk Management
What is an acceptable risk level? This article will be extremely short compared to previous ones. The acceptable risk level is the amount of risk that the company is willing to accept when running its business. This decision is mostly set by the board of directors who... by Jean-Christophe Mathonet | Oct 15, 2017 | Advisory, Consulting, Control, COSO, Risk Management
A little Wandering in the controls’ world: timing and responsibilities. When does a control take place? Who does it? Two important questions when building a control framework up. The timing of a control. We categorize the timing of controls in two categories: The... by Jean-Christophe Mathonet | Oct 1, 2017 | Advisory, Consulting, COSO, Governance
What are the Controls? Control is a vague word that covers various activities. Controls can take place at two levels. controls are also part of an Internal Control Framework. What are controls anyway ? One of the definition of Webster’s dictionary is : “to check,... by Khagan News | Aug 14, 2017 | Advisory, Consulting, Risk Management
The risk culture: What to do, what not to do. The risk culture is how an organization deals with risk. It needs to be embedded in the organization’s behaviours. What is the Risk Culture? In our previous article, we started to introduce the notion of risk culture....
by Khagan News | Aug 1, 2017 | Advisory, Consulting, Risk Management
Risk Definition Risk? What risk? As we define risk, we will see it has two aspects. Both have to be considered for all events to be covered. What is risk anyway? Risk, in a usual definition, is a negative notion. The first definition given by the Webster dictionary...