We all seem to struggle with it, and we just can’t seem to stretch it until the next pay day!
It is undoubted that risk is evident in every enterprise, entrepreneurship is all about taking well calculated risk. One can never bring risk to nil but can at least manage risk effectively reducing it to an acceptable level which a risk technician would call residual risk. There are a couple of operational risk management mitigation tools ranging from risk transfer to risk avoidance, one of the main mitigating tools is the setting and implementation of controls.
All medium to large corporations are faced with the agency problem which arises from the divorce between ownership and control of the enterprise, In such, shareholders place great reliance on audit as the third line of defense to reduce risk.
Conduct a Life Audit
I dare you………………..
Walk the extra mile, know the Numb3r5…