Document background
The Risk Management Assessment is a critical document required for organizations operating in Pakistan to systematically identify, evaluate, and manage potential risks across their operations. This document becomes necessary when organizations need to demonstrate their risk management capabilities to stakeholders, comply with regulatory requirements, or enhance their internal control systems. The assessment follows Pakistani regulatory frameworks, including guidelines from the State Bank of Pakistan, Securities and Exchange Commission of Pakistan (SECP), and other relevant authorities. It typically includes comprehensive risk analysis, evaluation of control measures, and detailed mitigation strategies. The document is particularly important for regulated industries and listed companies, where formal risk management processes are mandatory under Pakistani law.
