A Comprehensive Study on Risk Expense Evaluation

EasyChair Preprint 9946

Abstract

Risk expense evaluation is an important aspect of risk management and is a topic that has been extensively studied in both academic and practical settings. There are several research studies that have been conducted in this area, which have led to the development of various techniques and frameworks for evaluating risk expense. One common approach to evaluating risk expense is to use quantitative methods, such as statistical analysis and simulation modeling. These methods involve collecting data on potential risks and using mathematical models to estimate the likelihood and potential impact of those risks. Another approach is to use qualitative methods, such as expert judgment and scenario analysis. Expert judgment involves consulting with industry experts to gain insights into potential risks and their potential impact, while scenario analysis involves developing hypothetical scenarios to evaluate the potential impact of different risks. Several frameworks have also been developed to guide risk expense evaluation, including the ISO 31000 Risk Management standard and the COSO Enterprise Risk Management framework. These frameworks provide guidance on how to identify, assess, and manage risks, and are widely used in both academic and practical settings. Overall, research on risk expense evaluation has contributed to a better understanding of how to effectively manage risks in organizations, and has led to the development of a range of tools and techniques for evaluating risk expense

Keyphrases: Corruption, Risk, management

@booklet{EasyChair:9946,
  author    = {Fatima Tahir},
  title     = {A Comprehensive Study on Risk Expense Evaluation},
  howpublished = {EasyChair Preprint 9946},
  year      = {EasyChair, 2023}}