Away From The Numbers
All good things come to an end. Or so they say. AFTN has been around since 1989, first as a fanzine and then making the jump to a website and forum in 2003. We've been through the many ups and down at East Fife in those 12 years but policing the forum has become a giant pain in the ass in recent years. As such, we made the decision not to renew it when it expired.
The forum is no more and will remain as a locked archive until it is eventually deleted by the host. We're looking in to try to save some of the content as an archive.
This is not the end of AFTN though. The site will continue and will be revamped and return in its full glory for the start of the 2016/17 season. Maybe even sooner. There will be a comment sections and possibly even a new, registered forum. Check our Twitter (@aftnwebsite) for all the latest info and we'll also post in on the EFFC memories Facebook page.
Until then, have a last browse here, thanks for all your support over the years, and 'Mon the Fife.
GoF
QUESTION 6
“Establishing an effective system of internal control is not a one-off exercise. No such system remains effective unless it develops to take account of new and emerging risks, control failures, market expectations or changes in the company’s circumstances or business objectives. The Review Group reiterates the view of the vast majority of respondents in emphasising the importance of regular and systemic assessment of risks facing the business and the value of embedding risk management and internal control systems within business processes.”
(Extract from Internal Control: Revised Guidance for Directors on the Combined Code Financial Reporting Council, October 2005)
You are a Governance and Risk Consultant for The East Fife Finance Company (EFFC). Recommend change strategies, measures and techniques that EFFC’s Board of Directors and management should consider in order to embed governance at boardroom level and in general across the organisation?
(100 marks)
'Mon the Fife.
