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NorthrupCPA's "Coach's Corner"


Nov 16, 2017

This episode covers risk identification and measuring the severity of risk. Risk identification includes data tracking, interviews, workshops, questionnaires, and process management.

We discuss new and emerging risks including the type of risk factors that businesses need to consider. The episode explains the characteristics of high quality information and the sources of such information.

Channels of communication are explained together with types of monitoring and reporting. We cover monitoring and the factors that should be considered in reporting.

The episode wraps up by pointing out opportunities for efficiency and effectiveness.