Challenges in reporting of principal risks and uncertainties

Challenges in reporting of principal risks and...

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How the individual of risk and uncertainty might affect the company? Are there any implication approaches, which can reduce risk or improve risk reporting?

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By BigBadWolf
15th May 2012 13:08

Homework?

?

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By The Innkeeper
15th May 2012 13:53

agree

with BigBadWolf

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By jjuuko joseph kiyimba
16th May 2012 11:17

How the individual of risk and uncertainty might affect the comp

 It depend s on how you look at it but from a corporate girvernance perspective all risk have an effect on the running of the business but what differs is the impact of the risk on the going concern status of the company. I would want to assume that you are a member of the the executives involved in the day to day running of the business.Depending on how you are positioned, you have an obligation to ensure that you exercise an internal control framework with the capacity to hedge against fraud and financial malfeasance and to devise the controls that are sufficient to hedge against both anticipated and actual riks. But that not with standing all this should be done with in the enterprise risk appetite  which within the concern is determined at a board level.So all risks have an adverse bearing on the continuity of the concern but what matters is the impact it will have when coonsidered individually.

 

 

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