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Inside Internal Controls

News and discussion on implementing risk management

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Risk and game theory

game theory

The Cuban Missile Crisis is frequently cited as an example of the use of Game Theory. I am talking about the situation confronting the Kennedy government when they found that the USSR had installed missiles in Cuba that were capable of hitting American cities with nuclear weapons. Here is a link to a summary of […]


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Are we doing enough about behavior?

I have written about culture as having many facets. Auditing culture is not just about ethics, or risk-taking. It’s about behavior and what drives it. Are we, as individuals (especially when we are in a position of authority, such as any member of internal audit) doing enough?


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