Department
School of Accountancy
Document Type
Article
Publication Date
Winter 1997
Abstract
Companies today face a number of risks, such as environmental liabilities, losses from misuse of derivatives or harassment suits, which underscore the need for better control systems. Clearly, there is a tradeoff between having too much versus too little control. However, in addition to the amount of control, the mix of controls is important in maintaining the right balance within an organization. A framework is proposed that should help managers determine the appropriate matching of control types and control levels in their organizations. The matching is discussed for both traditional companies and modern, information-age companies.
Journal Title
Review of Business
Journal ISSN
0034-6456
Volume
18
Issue
2
First Page
20
Last Page
24