Basic models of risk management

UDC 330

Authors

Kumalagova E. A.
2nd Year Student Majoring in Management, North Ossetian State University named after K. L. Khetagurov, Vladikavkaz, Russia

Abstract

The article discusses the most important risk management standards, which play a very significant role in the activities of any enterprise, both at the micro and macro levels, in order to reduce negative factors that negatively affect the financial activities of the enterprise. During the analysis, we examined the main risk management models, known as FERMA, COSO and ISO, of European, American and international origin, respectively. The work reveals the essence of each risk management model and highlights their distinctive features and characteristics.

Keywords

risk management, uncertainty, audit, European model FERMA, American model COSO, international model ISO.