Performing an Effective Business Risk Assessment in Crisis Times

A successful business strategy depends on the ability to perform an astute risk assessment. That’s hard enough to deliver under the best of circumstances – and COVID-19 leaves companies performing risk assessments under some of the worst. Clearly, fresh risk assessments are necessary.

COVID-19 has transformed a host of business operations, and that means a host of business risks have changed, too. At the same time, however, your ability to assess those risks has come under strain, often in very practical ways. The purpose of the business assessment is to identify core functions and key people in your business to understand:

• Parts of the business most under strain, so you know what to protect.
• Opportunities to boost certain products or services to meet changing customer demand.
• New ways of working that can benefit both employees and customers.

The question becomes, what specific factors should professionals take into account to perform a business risk assessment in this COVID-19 environment. It is easy to say “everything” has changed but what does that really mean to your business and your strategies?

Who Should Attend:

• Accountants and Finance professionals
• Internal auditors/Professionals considering the role of internal audit
• Legal and Compliance professionals

Topics Covered:
In this session, we explore the concept of business risk assessments and how the COVID-19 pandemic had changed the way organizations should approach and execute their assessments. We will review risk factors embedded in the new business environment and discuss the reality of taking this opportunity to pause and take a critical look at your current business, so you know what to protect and where to focus your efforts.