The four steps needed in assessing and managing Risk
Understanding and assessing risk is essential for developing effective risk management strategies. The process of risk management involves several key steps: Risk Identification: This step involves identifying and documenting potential risks that could impact the business. It is important to involve key stakeholders, such as employees, managers, and external experts, to gain a comprehensive understanding […]
Stay Ahead of the Game: Understanding and Preventing Key Business Risks with Effective Risk Management
Risk management is an integral part of any successful business strategy. It involves identifying, assessing, and mitigating potential risks that could hinder the achievement of business objectives. By implementing effective risk management practices, businesses can stay ahead of the game and protect their assets, reputation, and bottom line. The Importance of Effective Risk Management Effective […]
A story of a Financial Director with too much power and the DIRE RESULTS for the COMPANY
The following depiction is total fiction and is not based on real events. This is a short story written by Kingsley Bye. George Santos stands at his office window looking out over the harbour. The window is floor to ceiling and spans the entire wall of the office. The other walls are panelled in walnut […]
7 KEY financial services to HELP your business.
The following is a list of the services provided by Lighthouse Consultants: 1. Audits and review of your business.This includes financial and operational audits as well as developing internal financial control frameworks that help you assess and review your own controls. 2. Sustainability data audits and reviewVerification of the completeness, accuracy and validity of […]