Risk Management Associated with Control Activities
The 9th International Conference on Mechatronics and Precision Engineering, June 12th-14th, 2008
4 Pages Posted: 9 Jan 2009
Date Written: January 8, 2009
Abstract
In management, it is important to identify, classify and process risks according to the probability of their occurrence and imminence of the impact to produce and one must be convinced that not all risks can be approached. Risk is the threatening that an action or event negatively affects the capacity of an organization to achieve its established goals. The possible risks are identified on each item of the entity/ function/ activity/ program/ process/ operation, followed by their permanent evolution monitoring so as to establish which are the most likely to occur
Keywords: Management of risk, internal control, audit
JEL Classification: M49
Suggested Citation: Suggested Citation