Learn how to calculate Value at Risk (VaR) to effectively assess financial risks in portfolios, using historical, variance-covariance, and Monte Carlo methods.

'Wallace, if we lock out this machine every time we have a pill jam, we will never make any product!' This was the testy response I received from a production manager while performing a lockout ...

Inherent risk concerns the vulnerability of financial statements to material misstatements without considering the effects of internal controls. It's a fundamental aspect of audit risk assessment ...

Considering IT risk during audit risk assessment procedures SAS No. 145 assists auditors in identifying and addressing risks that the use of information technology can introduce.

Risk assessment is the first important step towards a robust information security framework. Our simple risk assessment template for ISO 27001 makes it easy.

The use of scientific risk assessment in criminal sentencing is being touted by one expert as "powerful." Risk assessments use statistical information to try and discern the likelihood of ...

Compliance frameworks often fall short of addressing the nuanced nature of cyber risks. Risk-based security measures enhance ...

Mortgage servicing is a serious challenge for institutions striving for operational efficiency, regulatory compliance, and borrower-centric service models in today’s rapidly evolving housing finance ...

Pretrial risk assessment algorithms are intended to help judges make more informed decisions, but researchers have raised concerns not only about the fairness and accuracy of the tools themselves ...