COMPARATIVE REVIEW OF RISK MANAGEMENT STANDARDS, PRACTICES AND NORMS IN UKRAINE AND ABROAD
Journal Title: Вісник соціально-економічних досліджень - Year 2015, Vol 3, Issue 58
Abstract
The article identifies the shortcomings of existing approaches to standardization and normalization of risk management. The research methodology is based on the philosophy of the common knowledge by using the methods of information search, comparison, and system analysis. International risk management standards, such as COSO, FERMA, ISO, Sorbeyns-Oxley Act are analyzed. The regulatory documents on risk management at the budget, insurance, and banking institutions in Ukraine are studied. The differences and the key characteristics of the foreign and Ukrainian standards of risk management are fixed. The approaches to determine the place of risk management in the strategic management and the relationship with its development strategy are specified. The research results could be applied to the development of industry standards of risk management.
Authors and Affiliations
Iryna Nyenno
Keywords
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