Best Practices for Building a Risk Assessment Framework in Finance Systems
Many global organizations have decentralized accounting operations across various offices where different teams and accountants are responsible for certain legal entities. Developing an objective framework to determine the risk rating for various accounts is an essential part of mitigating and minimizing risk.
Join us as Susanna Metzler, of BlackLine, and Angelina Hendraka and Michelle Rai-Mohammed, of Franklin Templeton Investments, discuss how they implemented technologies to mitigate risk by improving the consistency of their global accounting operational processes.
After this webinar, you will be able to:
- Recognize how to automate your risk assessment framework.
- Explain how to address and mitigate risk factors such as materiality of account balance, transaction volume, and account balance subjectivity degree.
- Summarize ways to manage extensive manual transaction recording