A risk management policy statement is a tool used by companies and other organizations to identify and respond to risks in a way that minimizes their impact. Although a risk policy statement often ...

The Institute of Management Accountants has published a new Statement on Management Accounting on Implementing an Effective Risk Appetite to help businesses identify their key risk exposures.

If risk management is to be meaningful, it needs to deliver actionable information to help people make informed and intelligent decisions. What is risk appetite? COSO defines it as the “amount of risk ...