4 RISK
MANAGEMENT
Aim
To achieve a
sound appreciation of the theoretical and
practical aspects of corporate governance, and to
develop an understanding of the main theories and
frameworks associated with the management of both
financial and non-financial risk.
Objectives
On completion of
this paper, candidates should be able to:
- explain the
drivers behind an organisation’s appetite and
consequent policy for managing risk
- identify the
main types of financial risk and evaluate the
mechanisms available for managing exposure to
them
- discuss the
various tools and techniques for identifying,
measuring and communicating risk
- discuss the
importance of internal control in the management
of risk
- describe the
various frameworks and codes enshrining good
governance practice
- explain the
role of individuals and committees in
implementing and reporting on good governance.
For
detailed syllabus on
paper 1 click
here and for study guide
click here. |
