Roles and responsibilities in risk management

Anca Andreea Manea
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Anca Andreea Manea: Independent Researcher

Ars Aequi, 2016, vol. 6, issue 1, 88-94

Abstract: Risks are inevitable in business. And because every business is unique, so the risks vary from one activity to another, from one group to another activity. The degree of success of an enterprise results from the way in which risks were controlled. Risk management does not analyze what went wrong after that is accomplished - no ex-post analysis. It is a process by which the risk becomes transparent. This process involves looking for new risks, their measurement and management. We must not regard a single answer about risk - risk management is a cyclical process in which one learns.

Keywords: risks; internal control; management; activities; public institution (search for similar items in EconPapers)
Date: 2016
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