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1. Continuous observation of risk factors and
controls.
2. Process to reduce the severity of risks.
3. Adherence to laws and regulations regarding
risk.
5. Systematic determination of a risk’s
significance.
ACROSS 6. Measures taken to minimize the impact of
risks.
7. Measuring the potential impact of risks
4. Process of returning to normal after a risk numerically.
event occurs. 8. The state of being subjected to risk.
9. Weakness that could be exploited by a risk. 14. Ability to recover from or adjust easily to
10. Distribution of resources to manage risks risks.
effectively. 16. A plan of action designed to manage risks
11. An event that may lead to a risk or loss. effectively.
12. Predicting potential risks based on data 17. Shifting the risk to another party, often
analysis through insurance.
13. A plan devised for an unexpected event or 19. Legal responsibility for risks or damages.
emergency. 20. The level at which risk becomes
15. Evaluation of potential risks and their unacceptable.
impact.
18. Likelihood of occurrence of a risk event. Please send your answer by email to:
publications@iiaindia.co
INTERNAL AUDIT TODAY STUDENTS' FORUM | 59
