There are numerous areas of concern; the following examples are for illustrative purposes only:

Compliance: The risk factors relative to the organization’s compliance obligations, considering laws and regulations, policies and procedures, ethics and business conduct standards, and contracts, as well as strategic voluntary standards and best practices to which the organization has committed.

Credit: Risk of the potential that a borrower or counterparty will fail to meet its obligations in accordance with agreed terms.

Customers: The risk related to the customers that could potentially impact the organization’s reputation and financial position.

Financial: Risks related to a material misstatement of the organization’s financial statements by individuals internally or externally.

Goodwill: Risk regarding reputation, stature to your customers, prospects and the community at large, and the ability to raise money or be an attractive investment vehicle.

Information Technology: Risk associated with the potential for technology system failures and the organization’s return on information technology investments, including processing capacity, access control, data protection, and cyber crime.

Market: The market movements that could affect the organization’s performance or risk exposure, considering interest rate risk, currency risk, option risk, and commodity risk.

Operational: The risk of loss (including risks to financial performance and condition) resulting from inadequate or failed internal processes, people, and systems, or from external events.

Products & Services: Risks associated with the potential recall of products or services due to operational concerns or situations typically production related, or errors and omissions typically related to service situations.

Property: Physical risks related to buildings, facilities, equipment and materials, and risks related to intellectual property like copyrights, and trademarks.

Supply chain: Risks associated with the inputs and logistics needed to support the creation of products and services, including selection and management of suppliers.

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