**1. Introduction**

252 Risk Management – Current Issues and Challenges

and Accounting. 4: 17-19.

[20] Ivoniciu P (1998) The analysis of bankruptcy risk by the method scores. Finance, Credit

The management of any organization, whether working in the public sector, whether working in the private sector, aims in order to achieve its objectives to monitor and reduce risks. Risk control is achieved by managing them effectively, namely by implementing an adequate risk management system.

Risk management is an important concept related to safety and financial integrity of an organization, and risk assessment is an important part of its strategic development.

The strategy of an organization on risk management should be that all the risks it faces must be identified, assessed, monitored and managed so that they are maintained in a certain limit, accepted by the entity's management.
