Hi sir, risk has to be embedded into both the systems and culture of the organisation right ?
What are some ways of embedding risk into the system ? And what are some ways of embedding risk into the culture ?
Im having difficulty differentiating between these two.
Ask the Tutor ACCA SBL
Embedding risk
In the SBL exam, will be ask to specifically state how to embed risk in to the system or how to embed risk into the culture OR will they just ask in general how to embed risk into the organisation ?
I have not heard the phrase 'embed risk'. All it can mean is that risk is continually assessed. Eg training could be used to elevate employees' awareness; checklists could be another approach.
okay thank you.
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