Organizational aspects of providing of the company’s functional risks according to international standarts

Golovatskaya Svitanana
Candidate of Economic Sciences, Associate Professor, Department of Accounting, Lviv Trade and Economic University, e-mail:sv-14-10@inbox.ru

Kurak Anastasiia
post-graduate student, Lviv Trade and Economic University, e-mail:nastya-kurak@ukr.net

Cite this article:

Golovatskaya, S., Kurak, A. (2017), Organizational aspects of providing of the company’s functional risks according to international standarts. Ed.: М.D. Baldzhy (ed.-in-ch.) and others [Systema pensiinoho zabezpechennia Ukrainy ta yevrointehratsiini protsesy; za red.: М. D. Baldzhy (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 10(252), pp. 28-38.

Abstract

Instability of the world economy, unstable financial condition and, in some cases, bankruptcy of many companies motivate them to implement international standards of risk management. It gives the chiefs an opportunity to operative them more effective, to maximize incomes and to minimize expenses in the process of achieving goals and making projects. Recently there has been a revolution in the management of risks: risk management has ceased to be the exclusive concern of financial corporations and has become actively used in companies with different forms of ownership and various activities. This allows us to solve not only financial, but also environmental, social, technical and other problems at the company. New tasks of risk management have the aim to move from fragmented approach with limited direction on specific operations and activities to complex management of risks, holdings and economic branches.

Keywords

risk management, international standards of risk management, ISO 31000:2009, COSO, FERMA.

JEL classification: R130 R580

UD classification:657.1

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