White Papers for Federal Financial Institutions Examination Council (FFIEC)

Fundamentals of GRC: Mastering Risk Assessment

Paisely

The recent news headlines related to subprime mortgage crisis, rogue traders, and corporate fraud have highlighted that despite investment in risk assessment and risk management disciplines, significant risk failures persist. While isolated incidents of one-time governance failures are bound to occur, long-term systemic failures are more than just an isolated anomaly. The failures may be the result of a clutter of risk information caused by
many risk assessments from many perspectives. The process of organizing these risk assessments to provide organizations with a more holistic view of enterprise risk is fundamental to mastering risk assessments. This
whitepaper explores approaches to risk assessment, offers some best practices for conducting risk assessments and provides practical guidance on mastering this business process.

View the White Paper

Share or bookmarklet this web page at: