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There are many ways of assessing business risks. Append below is one sample of a formal way of assessing business risk based on the value and weighing and adding together to get the results. The greater the rating,the higher the overall risk of that activity. (Source:CIMA’s guideline on Internal Control) INHERENT RISK Factor Values [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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