masnet
Joined: 18 Jun 2013
Posts: 15
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 Posted: Wed Jun 26, 2013 7:29 am Post subject: Evaluate and Prioritize Risk in India |
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Having identified the business issues and risks, we complete a comprehensive evaluation of the business risks in order to establish the scope and focus of our work.
We then Prioritize the risks in order to highlight those areas where the business is most exposed. To do this we consider:
Likelihood - how possible is it that adverse consequences will occur?
Significance - how material is the potential adverse consequence?
We then plot the balance between the level of risk (significance) and its likelihood on the risk map.
Having generated the risk map, we identify the key business processes affected by the business risks. We then analyse the control that management exercise over the key business processes and, in particular, which controls manage the key business risks. Read More....
Indian Chartered Accountants | NGO Services | Legal Process Outsourcing |
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