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Risk self-assessment

Inherent, residual and targeted risk. What risk professionals need to know.

On-demand webinar

The value of assessing Inherent, Residual and Targeted risks has been subject to much debate. In this webinar, we discuss the concepts of each level of risk and how each can best be used in a risk management framework to add value.

Professional hacks for overcoming common issues in using Inherent Risk will be discussed.

Presenters

David Bergmark

Director and Strategic Advisor, Protecht

David Tattam

Thought Leader, Protecht

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Key information and topics covered 

  • Defining Inherent, Residual and Targeted risk
  • Common issues in using Inherent Risk
  • Using Inherent, Residual and Targeted risks in a risk management framework
       - Using risk matrices
       - Using appropriate likelihood and impact scales
       - Rating control effectiveness, existing and proposed controls
       - Reporting the various risk levels
  • Extracting valuable insights and prompting action
  • Visualisation of risk assessment and reporting concepts in Protecht.ERM
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About the presenters

Director and Strategic Advisor, Protecht

David Bergmark is the Director and Strategic Advisor and co-founder of the Protecht Group. David’s vision and passion is to use technology to drive best practice risk management and embed risk management within each one of Protecht’s clients.

David holds a degree in Finance and Accounting from UNSW. He is a Fellow of FINSIA and a Member of the Institute of Chartered Accountants Australia.

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Thought Leader, Protecht

David Tattam is the Thought Leader and co-founder of the Protecht Group. David's vision is to redefine the way the world thinks about risk and to develop risk management to its rightful place as being a key driver of value creation in each of Protecht's customers.

David is an Associate of the Institute of Chartered Accountants in Australia and New Zealand and a Senior Fellow of the Financial Services Institute of Australia.

Connect with Speaker on Linkedin