Question: Elaborate 5 (FIVE) methods of managing risks for finance/accounting profession in different industries during this pandemic situation.(20marks) . Eplain it and with example in detail.

Elaborate 5 (FIVE) methods of managing risks for finance/accounting profession in different industries during this pandemic situation.(20marks) . Eplain it and with example in detail.

New Gaps in Internal Control

- Going digital

- Redesigning operating models

5 methods

1.risk identification

2. risk impact assessment

3.risk prioritization analysis

4. risk mitigation planning, implementation and progress monitoring

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