Identyfikacja ryzyka - kluczowy element procesu zarządzania ryzykiem w jednostkach gospodarczych
Risk identification key element of risk management in economic entities

Summary/Abstract: Purpose — The efficiency of the risk management process is dependent on the identification of risk factors. The purpose of this article is to expose the key role of risk identification stage in the overall process of risk management in businesses. Design/Methodology/approach — This article reviews literature sources presenting the essence of risk definitions and risk management phase of the process and methods to identify potential risk factors. Findings - A properly conducted risk identification should include all levels of the business activities and relationships binding them with the environment. The process of risk identification should be open to all employees of the individual. Head of unit, even the most prescient, it is not able to identify all potential hazards. Therefore, a good practice is to engage in the risk management process of each organizational unit managers, who in turn should ensure the active participation of his subordinates. The literature presents the methods and techniques of risk identification, with varying degrees of complexity and subjectivity. The choice of the appropriate method depends on the needs of the company and the possibility of their application in the enterprise. Originality/value — This article is valuable to develop the important issues of modern accounting. Risk identification is crucial in the process of risk management, as the risks that have been identified at this stage will not be taken into account in the further stages of risk management.

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