Risk Assessment Template

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Risk assessments are hard enough as it is but fear not, here we have a handy risk assessment template to help you with your company risk assessments.

The following template is exactly what we have inside the RiskMate system and is an example of a live risk. You can download an MS Word template at the bottom.

Risk Assessment Template

Assessment Date

12/08/2016 – This is the date that you actually did the risk assessment.

Title

Exchange Rate – The title of the assessment.

Corporate Objective

To maintain financial viability – Which corporate objective does this assessment fall under?

Principal Inherent Risk Description

Impact on foreign transactions – Describe the risk.

Category

Finance – Group your risk assessments into categories for easier management.

Department

Finance – Group your risks into departments for easier management.

Business Unit

Accounting – Group your departments into business units for greater reporting.

Inherent Impact

Critical – The impact this would have on the business.

Inherent Likelihood

Almost Certain – How likely this is to happen.

Inherent Risk Value

£0 – The value on the business that this risk has.

Inherent Rating

Extreme – The rating taken from the risk matrix.

Policies, Procedures & Controls

You can assign company policies, procedures or controls to the risk.

Key Controls In Place

Treasury management review & financial advisers – The controls you currently have in place.

Residual Impact

Critical – The impact this would have on the business after the controls are in place.

Residual Likelihood

Almost Certain – How likely this is to happen with the current controls in place.

Residual Risk Value

£0 – The value on the business this risk has with the current controls in place.

Residual Rating

Extreme – The rating taken from the risk matrix.

Formal Review Frequency

Annual – How often the risk assessment should be reviewed.

Formal Review Date

12/08/2017 – The next review date.

Risk Owner

Robin Pritchard – The person responsible for this risk assessment.

Principal Assurances

Any assurances you want to assign to the assessment (up to 3).

Gaps, Action, Responsibility & Time-scale

Any gaps or actions etc that you need to mention.

Independent Assurance

Internal audit – Any independent assurance.


Please feel free to download our Risk Assessment Template in MS Word format.

2017-12-15T15:25:06+00:00 Risk Management|0 Comments

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