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THE IMPACT OF RISK BASED AUDIT ON FINANCIAL PERFORMANCE IN COMMERCIAL BANKS IN KENYA. BY MUTUAL VIRGINIA KASIA REG NO:D61/61586/2010 A RESEARCH PROJECT PRESENTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS

How to fill out form impact of risk

How to fill out form impact of risk:

1. Read the instructions: Before starting to fill out the form impact of risk, carefully read the instructions provided. This will give you a clear understanding of what information needs to be provided and how to properly fill out the form.
2. Gather relevant information: Collect all the necessary information required to complete the form impact of risk. This may include details about the project or activity being assessed, potential risks identified, and their potential impact.
3. Provide accurate information: Ensure that all the information you provide on the form impact of risk is accurate and up-to-date. This will help in generating an accurate assessment and effectively analyzing the potential impact of risks.
4. Evaluate the severity of risks: Assess the severity of each identified risk by considering its potential impact. This involves quantifying the consequences and likelihood of each risk occurring. Use the provided scales or rating systems, if available, to rank the risks accordingly.
5. Prioritize risks: Once you have evaluated the severity of each risk, prioritize them based on their potential impact. This will help in effectively managing the risks by allocating appropriate resources and attention to those with higher potential consequences.
6. Provide recommendations: Based on your assessment, provide recommendations for mitigating or managing the identified risks. This may include preventive measures, contingency plans, or strategies to reduce the impact of risks if they occur.

Who needs form impact of risk:

1. Project Managers: Project managers can utilize the form impact of risk to identify potential risks and their impact on the project. This allows them to proactively manage and mitigate risks, ensuring the successful completion of the project.
2. Risk Management Professionals: Risk management professionals can use the form impact of risk to assess and analyze risks in various activities or processes. This helps in developing strategies to minimize or avoid potential negative impacts on organizations or projects.
3. Decision-Makers: Executives, stakeholders, and decision-makers can benefit from the form impact of risk as it provides a comprehensive overview of potential risks and their impact. This enables them to make informed decisions, allocate resources, and prioritize risk management efforts.

In conclusion, filling out the form impact of risk requires carefully reading the instructions, gathering accurate information, evaluating the severity of risks, prioritizing them, and providing recommendations. This form is useful for project managers, risk management professionals, and decision-makers in assessing and managing risks effectively.

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What is form impact of risk?

Form impact of risk is a document used to assess and evaluate the potential consequences of risks on a project or business.

Who is required to file form impact of risk?

Project managers, risk managers, and stakeholders are typically responsible for filing form impact of risk.

How to fill out form impact of risk?

Form impact of risk should be filled out by identifying potential risks, assessing their impact, and developing mitigation strategies.

What is the purpose of form impact of risk?

The purpose of form impact of risk is to proactively identify and manage potential risks that could impact the success of a project or business.

What information must be reported on form impact of risk?

Information such as the type of risk, potential impact, likelihood of occurrence, and mitigation strategies must be reported on form impact of risk.

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