The Controls

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,...
Risk Definition

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 is: “possibility...