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    « Risk source | Main | Risk transfer »
    Sunday
    Dec072008

    Risk tolerance

    DateSunday, December 7, 2008 at 09:37AM

    The acceptable variation relative to the achievement of an objective.

    Source : COSO Integrated Risk Management Framework

    Organisation's readiness to bear the risk after risk treatments in order to achieve its objectives.

    Note: Risk tolerance can be limited by legal or regulatory requirements

    Source : BS31100:2008

    AuthorAndrew Smart | CommentPost a Comment |
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