Risky Business, Part 3: Practical Example of Internal Financial Controls

I wrote in the two prior “Risky Business” posts about why the management area of Internal Control is so important and outlined the five main Internal Control components.  To briefly recap, here is an excellent summary of what Internal Control is all about: Internal controls are systematic safeguards that are a continuous built-in component of … Continue reading Risky Business, Part 3: Practical Example of Internal Financial Controls

The Risks and Rewards of Risk Assessments

In 2015 we asked court professionals from around the world to assess the probability that predictive technology would move courts to become preventive rather than reactive; courts would start preventing things from happening before they happened.  A hallmark of America’s judicial system is that it is both independent and reactive.  Citizens bring their disputes to … Continue reading The Risks and Rewards of Risk Assessments