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"The system of internal checks and balances is more than what is written on paper," said Alfred Koeppe, a co-chairman of the nine-member group that was commissioned by the Rutgers president, Richard L. McCormick.
When it comes to keeping the bank's traders on a leash, about the best that can be expected is that the person, or people, in charge set up a proper system of internal checks and controls, including strict limits on leverage, meaningful risk guidelines, and accurate valuation metrics.
Similar(58)
Its diagnostic programs run thousands of internal checks per second, searching for system errors and anomalies, monitoring its engine and brakes, and continually recalculating its route and lane position.
And states, with their built-in systems of democratic accountability and internal checks and balances, compare well with other entrepreneurial enforcement vehicles in a number of respects.
- Olfactory system (smell) - Visual system (sight) - Tactile System (touch) - Gustatory system (taste) - Auditory System (sound) - Proprioceptive system (body awareness) - Vestibular system (balance) - Interceptive System (state of internal organs).
Providing the first detailed account of what went wrong, Obering told reporters that the countdown was automatically aborted when a routine system check of internal electronic signals detected a potential problem.
Guilt is the driver of our internal system of checks and balances, the stubborn little inner voice that stops us from eating 19 Twinkies in a row or telling our neighbor's husband that his story about the company team-building session wasn't funny the first time.
"Did you present the financial statement or participate in the audit with Ernst & Young?" But Mr. Owens repeatedly refused to answer questions from Mr. Scrushy's lawyers concerning the development of the company's internal system of checks and balances and his share of the responsibility for any fraudulent reporting of earnings.
Because they are not infallible, the bureau is subject to a robust system of checks and balances, including its internal affairs division, the Department of Justice inspector general, congressional committees and the courts.
Nationwide system of background checks?
One is that the sector's internal checks and balances are broken, meaning the system no longer self-corrects.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com