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9 Steps of Risk Control Self Assessment

The Risk Control Self-Assessment, an operational risk assessment method, is employed to recognize and analyze operational risks and evaluate the effectiveness of the firm's procedures in handling such risks. Simply put, it gives several perks to enterprises, ranging from improved control efficacy to increased business efficiency. However, an RCSA must be incorporated into the company's operational framework for risk management rather than being a stand-alone effort.

Self-Assessment may play a vit

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