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Published in:
2001 | OriginalPaper | Chapter
Senior Management Responsibilities for Internal Control
Author : Dimitris N. Chorafas
Published in: Implementing and Auditing the Internal Control System
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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The best way to value differentiate a business enterprise is to consider if the company, its products, and its services solve a problem, or make someone else’s life easier. A product or service helps in solving a problem if not only other companies and people need it but are also ready to pay for it. At the same time, because many products and services involve risk, the company must be able to take hold of its exposure(s), including the risk of non-compliance to rules and regulations.