ABSTRACT
A risk is a state of uncertainty that can affect an organization’s ability to achieve its objectives. Risks are a chance of loss and are part of a company’s life. All organizations must face the uncertainty of risks and must be able to identify them in order to neutralize them and prevent them from negatively impacting the company. The ability of organizations to anticipate threats and to respond and adapt to risks depends on the control program implemented. The particular risks of organizations are influenced by the type of industry in question. For example, a supermarket chain may consider stealing from employees and/or poorly stored and inedible food as their main risks. Some leaders underestimate the level of risk and compliance and ethical issues in their organizations. The organization should try to reduce the risk of hiring and/or promoting those who can damage the culture, reputation, and finances of the organization.
