Description
Explains how to monitor and survey the internal and external environment for emerging risks and the approaches to identify risks associated with noncompliance with internal and external expectations. Explores the determinants involved in calculating idiosyncratic risk. Describes the objectives and usefulness of the RCSA process and the importance of elevating those risks that are identified as inherently high.
What You’ll Learn
After successfully completing this course, you will be able to:
- Describe the key components an effective risk identification process
- Identify risks associated with noncompliance
- Identify common types of idiosyncratic risks
- Describe the role of the risk and control self-assessment (RCSA) in risk identification
