8Risk Management
8.1 Managing the Risks
As you can see, there is no single right way to manage the myriad of risks facing businesses today, given the considerable changes in working patterns, globalization, and the unprecedented increase in the use of electronic media to support operations since the turn of the 21st century. The 10 Principles approach aims to bring together the most common elements in a way that recognizes the importance of all risk factors to the successful operation of the firm, and cuts across management functional boundaries.
Risk management skills embodied within different functional areas have a crucial role to play in the risk assessment process and therefore must be brought together to ...
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