Risk management is the discipline of identifying business risk and determining solutions to business risk. Solutions often
Question:
Risk management is the discipline of identifying business risk and determining solutions to business risk. Solutions often included process improvement, organisational change, strategic planning and policy development. Risk analysis focuses on identifying the changes to the organisation that are required to achieve risk management strategic. These changes include changes to strategies, structures, policies, processes and information systems.
Required:
Prepare a report on the business risk of a selected company (must be a company established in Malaysia & you need to fill in the table in google shared drive) based on the past 5 years company’s operation and results.
The report should include the following points:
- Background of the company
- Analysis on the non-financial risks (such as operational risk, technology risk, integrity risk, market risk etc) that relevant to the company.
- A description of the risks and potential impacts
- Indicator or triggers that need to be monitored to help identify the risk as early as possible
- Solutions/actions to the management in managing the risks (specific risk response actions that Schwalbe categorizes as Avoidance, Acceptance, Transference, and/or Mitigation)
- Analysis on the financial risk by using ratios (such as liquidity risk, debt ratio etc)
Format of report
- The report should be about 1,300 – 2500 words in lengths. Marks will not be deducted if the report exceed the maximum words by a small amount.
- The report should be submitted in pdf format
- Due date is 24 May 2021 (Monday) at 5pm. Submission should be made through Putrablast.
Grading
Marks will be allocated based on the following components:
No | Components | Basis of scoring | Score | |
1. | Content | | Inclusion on elements required Quality & correctness of elements Innovative ideas | 50% |
2. | Report organisation | | Inclusion on elements required Quality & correctness of elements | 10% |
3. | Quality/Clarity of discussion | | Introduction, conclusion | 30% |
| Smooth flow of discussion | |||
| Grammatically correct | |||
| Concise & no redundancy | |||
4. | Format quality | | Page cover, page numbering, section & | 10% |
subsections | ||||
| Use of tables, figures, diagram etc |
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws