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Reassessing Risk Assessment

By David Badertscher, PLL

<p><font size="2"><strong>Source: </strong><em>Lexology, </em>October 6, 2008.</font></p> <p><a href="http://www.lexology.com/r.ashx?i=1307670&l=6KFYU94" target="_blank"><strong><font color="#3e3d40" size="2">Reassessing risk assessment</font></strong></a><br/><font size="2"><font color="#aea400"><span class="firm"><strong>Bricker & Eckler LLP</strong></span><br/></font>"AIG, Bear Stearns, Fannie Mae, Freddie Mac, Lehman Bros. et al. are not the failure of internal controls, examination of financials, or Sarbanes-Oxley, but they are the result of a more fundamental flaw in governance: Failure to assess, and advise the board of an understandable assessment of, risks to the enterprise of these organizations."</font></p>

Full post as published by New York Supreme Court Criminal Term Library on October 06, 2008 (boomark / email).