Abstract:
The article reveals the principles of risk management and internal control in
companies. Risk management includes assessment and minimization of threats, distribution of
responsibility among process participants, development and implementation of risk mitigation
measures. Risk audit plays an important role, allowing to check the effectiveness of selected
strategies. Also considered is the risk matrix, which helps to classify risks by probability and impact which allows companies to rationally allocate resources and make informed decisions to ensure
business sustainability.
