Document background
The Risk Management Assessment is a critical document required for organizations operating under Irish jurisdiction to systematically evaluate and document their risk exposure and management strategies. It is typically prepared when organizations need to demonstrate compliance with regulatory requirements, during significant organizational changes, or as part of regular risk review cycles. The assessment encompasses various risk categories including operational, financial, regulatory, and strategic risks, tailored to the organization's specific context and industry requirements. This document is particularly important in the Irish business environment, where organizations must comply with both domestic legislation and EU regulations. The Risk Management Assessment serves as a foundational document for risk-based decision-making and helps organizations maintain effective risk management frameworks while ensuring compliance with Irish legal requirements.
