3/22/23
Mitigating the Risk • Good sound internal controls for all departments that involve risk. • Good and accurate department policy and procedures.
Processes that “keep honest people honest”
15
Once all reasonable potential solutions are listed, pick the one that is most likely to achieve desired outcomes. Set up a formal process to implement the solution logically and consistently across the organization and encourage employees every step of the way.
Decide which solution to use and implement it
16
8
Made with FlippingBook - Online catalogs