A Financial Analysis of Risk and Control: Applying Financial Analysis to Improve Risk and Control Decision Making

While the risk-and-control profession has grown in sophistication, some aspects of current practice are inconsistent with sound management decision-making and business analysis. Foremost among these is the financial evaluation of control. Simply stated, when it comes to the risk-and-control discipline, methods of financial evaluation that are routinely used for other aspects of an organization's operations are either not used or used to a much lesser extent. Many organizations, moreover, vi...