2 Risk appetite
One key concept that is central to risk management – and which is referred to by COSO – is ‘risk appetite’. The appetite that an organisation has for risk reflects, among other things, its financial strength and also its culture for taking risks. Take a look at Video 2 to get an understanding of the factors that determine risk appetite.
Now watch Video 3 to learn what risk appetite means for experts.
Video 3 What does risk appetite mean?
OpenLearn - Risk management
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