Business Finance Homework Help

Reply:

Aswitha Kallem 

Discussion

Discussion

A risk refers to occurrence of unexpected event or activity which can affect the day to day activities of an organization. Risk usually originate from various sources which may result from project failures as well as uncertainties in business especially from financial markets. Effective risk management techniques offer an organizational with reasonable assurance to achieve its objectives and also to achieve its financial targets. The risk techniques are usually planned to protect the organization from uncertainties before the actual unexpected even or activity occurs (Wills, G. 2017). Risk techniques are essential for a business as they help to identify projects that may be headed to trouble and apply the most appropriate solutions with respect to the organization risk mitigation plan. Incorporating risk management techniques into the business structure is one of the major strategies of avoiding uncertainties or the impact brought in when an unexpected event occurs within the organization.

Forensics investigate technique:

This usually occurs after the unexpected event has occurred in order to investigate the major cause as well as how it occurred. In most cases, forensics investigations are used to solve crimes by collecting and analyzing all the crime related physical evidence in order to come to a conclusion about a specific event. Investigators will look at blood, fluid, or fingerprints, residue, hard drives, computers, or other technology to establish how a crime took place. It helps in investigating what part of the security policies was breached as well as the weakness or the vulnerability that led to the manipulation of the opportunity (Dada, S. O. 2018). Forensics investigate techniques also help in measuring the impact as well as the cost of the security incident that might have led to loss of important organizational data or theft of organizational property. It is basically used as the after math of a criminal activity or unexpected event.

References

Dada, S. O. (2018). Forensic accounting techniques and integrity of financial statements: an investigative approach. Journal of African Interdisciplinary Studies (JAIS), 2, 3.

Wills, G. (2017). An overview of risk estimation techniques in risk-based access control for the internet of things.