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Assessment of Principal Risks Related to the Acceptance of Letters of Indemnity in Oil Trading. Bachelor Project submitted for the attention of the Bachelor of Science HES in Business Administration
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How to fill out assessment of principal risks

01
Identify the main risks faced by the organization
02
Create a comprehensive list of the identified risks
03
Assess the likelihood and impact of each risk
04
Evaluate the existing controls and mitigation measures in place
05
Determine the residual risk after considering the effectiveness of controls
06
Document all the findings and assessments in the assessment of principal risks form

Who needs assessment of principal risks?

01
Organizations in all sectors and industries should conduct assessments of principal risks
02
Businesses aiming to effectively manage and mitigate risks
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Company executives, directors, and management teams
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Regulatory bodies and authorities requiring risk assessments
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Investors and stakeholders interested in understanding the risk profile of the organization

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