The following is a link to a new post by Norman Marks, https://normanmarks.wordpress.com/2016/11/26/why-do-so-many-practitioners-misunderstand-risk/ , Why do so many practitioners misunderstand risk? See also the link to “A Revolution in Risk Management” which is provided in Norman’s post. This is a good, i.e., worthwhile, post and discussion – the point being, I believe, is to not be too singularly focused in your evaluation of risks and risk management. I also like Norman’s use of the tree to visually demonstrate the discussion.
Best to you, Dave Tate, Esq., San Francisco and California. Link for Tate’s Excellent Audit Committee Guide http://wp.me/p75iWX-6z