Internal Controls - Controlling Risk in the Workplace: The Manager's Role

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Chapter 3: Risk Management Choices - Accepting Risks

When you accept a risk, you are saying, "If it occurs, we can handle it." Some examples of possible acceptable risks include:

• Not purging files/records per a records management schedule
• Not installing a security system that costs $20,000 for an office that has $5,000 worth of equipment in it
• Not purchasing a safe for $10,000 to secure a diamond that is worth $1,000

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New York State Governor's Office of Employee Relations