Fundamentals of GRC: Mastering Risk Assessment
Whitepaper
Fundamentals of GRC: Mastering Risk Assessment
In the aftermath of the financial crisis and through the current period of market volatility, organizations have been increasing their focus on how to manage business risk. Although the topic of risk management and risk assessment has been on the “improvement” list for many organizations for the past ten years, recent events have been driving it to a higher level of priority. As organizations explore ways to deal with the new environment of uncertainty related to regulatory risk, process risk, market risk and overall enterprise risks, many come to the conclusion that mastering the discipline of risk assessment is a fundamental requirement for steady business performance.
This whitepaper explores approaches to risk assessment, offers some best practices for conducting risk assessments and provides practical guidance on mastering this business process.
