October 2017
Beginner to intermediate
112 pages
2h 15m
English
Content preview from Enterprise Risk Management in a Nutshell
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If I ask you what level of fraud could occur in your business, how would you answer? What value would you give me? Have you ever had to deal with a fraud? If you have, is that the value that you would provide? But this is just one occurrence. How would you know what the value of another fraud might be? How could you know how often frauds might take place? You only have a sample of one.
Where risk management often makes a mistake is in asking people questions that they cannot realistically be expected to be able to answer. They have little or no information, limited experience and inadequate training. Of course, all the staff will need to receive some training in risk management. That is a given. However, ...
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