RCSA-The Foundation for a Risk Management Program
Gordon Burnes 270004HVEW email@example.com | | 0 Comments | 260 Visits
Many of our customers are in the process of rethinking their risk management programs. A key element of any program is the risk control self assessment, and, in fact, in many cases, provides the foundation for the overall program. The RCSA provides a baseline for risk exposure that drives further activity in key areas of risk for the business. Of course, as human judgement is involved, no company would rely solely on this single process for their exposure metrics. Many back test the RCSA process with actual loss events and validate management’s self-assessment of risk through an internal audit function.