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CPE ACCREDITATION and categorised as an activity relevant to the attainmentof Professional Development Competencies in terms of the Accountancy Board s CPE scheme. UNDERSTANDING AND APPLYING RISK MANAGEMENT IN OPERATIONS AND FINANCE THURSDAY 28 APRIL 2016 REGISTRATION 13 45 14 00 SEMINAR TIME 14 00 17 15 VENUE GRAND HOTEL EXCELSIOR FLORIANA SPEAKER KARL CAMILLERI The seminar has been accredited three hours o structured CPE by the Malta Institute of Accountants MIA and categorised as an...
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Start by identifying potential risks in your specific situation or industry.
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Consider the likelihood and impact of each risk.
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Develop a risk management plan that outlines strategies to mitigate or address each identified risk.
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Implement the risk management plan by taking necessary actions to reduce, transfer, or eliminate risks.
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Regularly monitor and review the effectiveness of the risk management plan.
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Make necessary adjustments to the risk management plan as new risks emerge or circumstances change.

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Understanding and applying risk involves identifying potential risks in a situation, analyzing their likelihood and impact, and implementing strategies to mitigate or manage these risks.
Any individual or organization involved in a project or decision-making process may be required to understand and apply risk management principles.
Understanding and applying risk can be filled out by conducting a risk assessment, identifying potential risks, analyzing their impact, and implementing risk management strategies.
The purpose of understanding and applying risk is to proactively manage potential risks in order to minimize their impact on a project or decision.
Information reported on understanding and applying risk may include identified risks, their likelihood and impact, risk management strategies, and monitoring and review processes.
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