Day: March 21, 2022

It is an act of deliberate deception with the intention of gaining some benefits or simply deprivation by deceit. It is a key area of risk management because it raises financial, compliance and reputational risk. Fraud generally falls into: Category Read More …

A risk profile is a documented and prioritized overall assessment of the risks faced by an organization. A risk register is a concise, structured document listing all the identified risks for a business, project or contract together with the results Read More …

1. Minimizes costs incurred by risk events, shocks and crisis. 2. Minimizes costs incurred by failure to demonstrate risk mitigation. 3. Avoid disruption to production and reserve streams. 4. Secure supply by mitigating supply chain vulnerability. 5. Enables the organization Read More …

MDA5301  LOGIC, SENSE MAKING  BUSINESS INTELLIGENCE KCA Past Paper MDA5303  SYSTEM DYNAMICS MODELING KCA Past Paper MDA5304  VISUAL ANALYTICS SYSTEM ARCHITECHURE KCA Past Paper MDC6103  DATA STORAGE AND MANAGEMENT KCA Past Paper MDC6305  ADVANCED DATA COMMUNICATIONS KCA Past Paper MDC6401 Read More …

A member of a professional body governing auditors/accounts is deemed to be guilty of professional misconduct if: The auditor allows a person not qualified to practice in his name as an auditor. In the course of the practice, the auditor Read More …

This can be defined by the standards as the culture, processes and structures that are directed towards potential opportunities whilst managing advanced consequences. Key variables that will foster success in Supply Chain vulnerability, continuity management and resilience include: Risk awareness Read More …

In large organizations, the role of risk management may fall within the scope of this committee led by senior executives or board members. The committee‘s role may include the following: 1. Consideration of risk management policy in respect of issues Read More …

Allocation of responsibilities for managing the risk. Identifying resources required to mitigate the risk. Develop action plans including resource budget and timescale. Obtain management approval for risk mitigation plan. Obtain shareholder acceptance and coordinated effort for the risk mitigation plan. Read More …

This is the formulation of a chosen approach/plan to deal with identified risks. Managers formulate strategies using risk management cycle and selecting the most appropriate risk mitigation options. The 4-Ts of risk 1. Tolerate – Accepting the risk. This is Read More …

Credit reports contain information about your payment history, loans, current debt, and other financial information. They show where your business address and if you’ve been sued or filed for bankruptcy. Credit reports help lenders decide whether or not to extend Read More …