MANAGEMENT

Detailed explanation-1: -A risk profile examines the nature and levels of threats faced by an organisation. It examines the likelihood of adverse effects occurring, the level of disruption and costs associated with each type of risk and the effectiveness of the control measures in place.

Detailed explanation-2: -A risk profile examines: the nature and level of the threats faced by an organisation. the likelihood of adverse effects occurring. the level of disruption and costs associated with each type of risk. the effectiveness of controls in place to manage those risks.

Detailed explanation-3: -A risk profile is an evaluation of an individual’s willingness and ability to take risks. A risk profile is important for determining a proper investment asset allocation for a portfolio. Organizations use a risk profile as a way to mitigate potential risks and threats.

Detailed explanation-4: -Risk appetite is the level of risk that an organization is willing to accept while pursuing its objectives, and before any action is determined to be necessary in order to reduce the risk.