Financial Risk Assessment Checklist ( FINANCE )

This checklist is designed to ensure that all aspects of financial risk are thoroughly assessed and documented. It guides users through identifying, evaluating, and managing financial risks that the organization may face.

• Identify Financial Risks

  List potential financial risks including market, credit, liquidity, and operational risks that could impact the organization.

• Assess Risk Impact

  Evaluate the potential impact of each identified risk on the organization's financial health and stability.

• Evaluate Risk Likelihood

  Determine the probability of each risk occurring based on historical data and current market conditions.

• Prioritize Risks

  Rank the identified risks based on their impact and likelihood to prioritize which risks require immediate attention.

• Develop Risk Mitigation Strategies

  Create strategies to mitigate the high-priority financial risks, including establishing controls and action plans.

• Document Risk Assessment

  Compile all findings and strategies into a risk assessment document for future reference and compliance purposes.

• Review and Update Regularly

  Schedule regular reviews of the risk assessment to ensure it remains current and effective in the face of changing financial circumstances.