Monthly Archives: February 2017

The Paradox of a Predictable Failure in Risk Management

The current crisis the world fell into two years ago had certainly the widest range of qualifying attributes: financial, economic, social, industrial, and maybe lethal as it dramatically affected and eventually destroyed lives beyond the point of no return. Described … Continue reading

Posted in Uncategorized | Comments Off

The Risk Management Process – How to Maintain an Effective Risk Management Program

A risk management program is a complicated but necessary initiative within organizations. However, by following a distinct process, organizations can maximize the effectiveness of their risk management program. Identifying and Analyzing To effectively manage risk, management must first identify the … Continue reading

Posted in Uncategorized | Comments Off

The Benefits of Choosing a Career in Risk Management

What is risk management: Risk management is the process of identification, assessment and treatment of risks that seeks to minimise, control and monitor the impact of risk occurrence through the cost effective utilisation of resources. Where does risk management apply … Continue reading

Posted in Uncategorized | Comments Off

Risk Management in Accounting Firms: Overview of The New Australian Standards

INTRODUCTION At its most basic level, risk is defined as the probability of not achieving, or reaching, certain outcomes (goals). Risk is measured in terms of the effect that an event will have on the degree of uncertainty of reaching … Continue reading

Posted in Uncategorized | Comments Off