Managing risk

Risk management can be defined as the classification and assessment of resources to reduce, monitor, and control the impact of unfortunate events and to maximize the awareness of opportunities. Risks appear from uncertainty in the financial markets, project failures, legal liabilities, credit risk, as well as from the deliberate attack from a rival company.

The strategies of CTCH Accountants is to manage this risk by transferring it to another party, avoiding the risk, reducing its negative effects and even voluntarily accepting some of the possible or actual consequences of a particular risk, in order to create greater returns from the company’s strategy.

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