Thomas S. Coleman Quotes & Sayings

Although a single source of risk may create large losses, it is not generally enough to result in an actual disaster. For such an event to occur, several types of risks usually need to interact. Most importantly, the lack of appropriate controls appears to be a determining contributor. Although inadequate controls do not trigger the actual financial loss, they allow the organization to take more risk than necessary and also provide enough time for extreme losses to accumulate. — Thomas S. Coleman