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Benefits of aligning organisation risk management procedures

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Reference no: EM132692569

1. In a briefly described way what is the application of six methods or tools that you could use to identify risks applicable to a business.

2. Why is it necessary for each business to have organisational policies and procedures relating to risk management and sustainability?

3. List six internal and six external conditions or situations which could create risk for a business organisation.

4. What are the benefits of aligning an organisation's risk management procedures with the International Standard AS/NZS ISO 31000:2018? List at least 6 benefits.

5. List seven forms of legislation (from all levels of government) that could affect business operations and, in 50-hundred words, explain why staff need to understand the key elements of the legislation. You can include legislation that is specific to certain industries or list generic legislation applicable to all business operations.

6. What are the advantages of auditing for risk management? List at least four.

Reference no: EM132692569

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