Podcast
Questions and Answers
Fraud risk is the risk arising from ______ and deceptive acts
Fraud risk is the risk arising from ______ and deceptive acts
intentional
Health and safety risk is the risk that unforeseen events could result to ______, illnesses, or even loss of lives
Health and safety risk is the risk that unforeseen events could result to ______, illnesses, or even loss of lives
injuries
Impact - the significance or magnitude of the risk on its effect to the ______
Impact - the significance or magnitude of the risk on its effect to the ______
company
International Financial Reporting Standards (IFRS) a set of internationally accepted accounting standards intended to promote quality and ______ financial reporting
International Financial Reporting Standards (IFRS) a set of internationally accepted accounting standards intended to promote quality and ______ financial reporting
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Interest rate risk - the potential decline in earnings and capital arising from changes in ______ rates in the market
Interest rate risk - the potential decline in earnings and capital arising from changes in ______ rates in the market
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Business risk is the possibility that the business may not be able to generate sufficient ______, or an increase in production and operating costs might occur.
Business risk is the possibility that the business may not be able to generate sufficient ______, or an increase in production and operating costs might occur.
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Compliance risk is the risk that the company might fail to comply with applicable laws, regulations, and contractual obligations to other ______.
Compliance risk is the risk that the company might fail to comply with applicable laws, regulations, and contractual obligations to other ______.
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Credit risk is the risk that a counter-party such as a customer or a borrower will fail to pay his/her account on the due ______.
Credit risk is the risk that a counter-party such as a customer or a borrower will fail to pay his/her account on the due ______.
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Environmental risk is the risk that the company may fail to control or minimize factory wastes, emissions, and other pollutants arising from its business ______.
Environmental risk is the risk that the company may fail to control or minimize factory wastes, emissions, and other pollutants arising from its business ______.
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Financial reporting is the possibility that the financial statements of the company will be incorrect due to errors, lapses, or failure to apply accounting ______.
Financial reporting is the possibility that the financial statements of the company will be incorrect due to errors, lapses, or failure to apply accounting ______.
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Financial risk is the likelihood that the company might incur a financial loss, or suffer a decline in profit, capital, investment, or cash flows on account of the occurrence of events or ______.
Financial risk is the likelihood that the company might incur a financial loss, or suffer a decline in profit, capital, investment, or cash flows on account of the occurrence of events or ______.
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