In today’s world, managing risk has become a necessity, not an option. Risk management can therefore be considered the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attacks from an adversary.
Recent events have shown that risk management should not be a consideration just for financial risks but also for operational and strategic risks.
The strategies to manage risk include transferring the risk to another party, avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk.
Skala Denetim provides below risk services:
Determination of Company’s financial risk exposure across its enterprise portfolio
Risk management and mitigation strategies
Risk-adjusted performance measures
Financial hedging tools
An in-depth risk reporting regimes and associated accounting rules