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This is encyclopedia contains also practice questions and study cards for exam preparation on the topic of risk management, financial risk audit, hazards & safety.
Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events[1] or to maximize the realization of opportunities. Risk management’s objective is to assure uncertainty does not deflect the endeavor from the business goals.
Principles of risk management
The International Organization for Standardization (ISO) identifies the following principles of risk management:
Risk assessment is the determination of quantitative or qualitative estimate of risk related to a concrete situation and a recognized threat (also called hazard).
For audits performed by an outside audit firm, risk assessment is a crucial stage before accepting an audit engagement. According to ISA315 Understanding the Entity and its Environment and Assessing the Risks of Material Misstatement, "the auditor should perform risk assessment procedures to obtain an understanding of the entity and its environment, including its internal control.
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This applications just is an excellent tool for self study and exam preparation. It's not affiliated with or endorsed by any testing organization, certificate, test name or trademark.
Risk Management Exam 2018 is an Android Education app developed by StartLearning, Inc. and published on the Google play store. It has gained around 1000 installs so far, with an average rating of 4.0 out of 5 in the play store.
Risk Management Exam 2018 requires Android with an OS version of 4.3 and up. In addition, the app has a content rating of Everyone, from which you can decide if it is suitable to install for family, kids, or adult users. Risk Management Exam 2018 is an Android app and cannot be installed on Windows PC or MAC directly.
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| Risk Management Exam 2018 APK 2.0.4 | 5.19 MB | 2.0.4 |
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