Managing Risk Factors for an Adverse Event

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Abstract

Task. The article aims to propose a methodology for risk management through internal control of risks that appear in connection with unfavorable events in the activities of the organization. Managing risk factors associated with the occurrence of events that negatively affect the organization's performance is of great importance in achieving business success. The problem is the lack of a detailed methodology for internal control of risks associated with the occurrence of adverse events. The purpose of this article is to reflect the research conducted on the impact of risks associated with the occurrence of adverse events on the financial condition and solvency of the organization. Model. Based on the research conducted, a methodology for internal control of risks associated with the occurrence of unfavorable events for the organization is proposed. Conclusions. The presented methodology gives an idea of the objects, subjects of internal control and its subject within the framework of the study of risks associated with the occurrence of unfavorable events for the organization. The stages and directions of internal control, as well as tools to manage risks associated with uncertainty, have been developed. Practical significance. The methodology for internal control of risks associated with the occurrence of unfavorable events for the organization will allow in practice to manage risks associated with uncertainty. Originality. New knowledge has been generated about internal control of risks associated with the occurrence of unfavorable events for the organization.

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About the authors

Aksana A. Turgaeva

Financial University under the Government of the Russian Federation

Author for correspondence.
Email: a_turgaeva@mail.ru
ORCID iD: 0000-0002-8374-1706
SPIN-code: 8718-4901

Cand. Sci. (Econ.), Associate Professor, Associate Professor of the economic security and risk management Department

Russian Federation, Moscow

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