9. Glossary

AMRAE

Association for risk management and business insurance.

It is a French professional association bringing together numerous risk management experts. It organizes numerous conferences, working groups and scientific commissions, with the aim of helping organizations to make progress in the field of corporate risk management.

Risk appetite

These are the risks that the company is willing to take, taking into account all the risks to which it is already exposed at a given moment. This risk appetite can give rise to trade-offs and prioritizations, and can thus be revised over time.

Internal audit/periodic control

The internal audit department carries out audit assignments, usually based on a three-year audit plan, and issues recommendations...