This is an example risk assessment covering the main financial risks a business faces and the controls that manage them. It saves a lot of time compared with preparing your own from a blank page.
This example risk assessment has been prepared using the
F-Q36 General Risk Assessment form template - a purpose-built template designed to focus entirely on what matters: identifying business risks, assessing their likelihood and impact, and recording the controls that manage them, without any unnecessary fields getting in the way.
The file is supplied in fully editable MS Word format and can be easily customised and saved to Google Docs format if required. The document uses pre-defined style formatting throughout with styles to match the risk-ratings which are input using select boxes pre-populated with all possible risk ratings. All text is in Calibri font for improved readability.
The following document labelling is included in the footer:
- Form number and title
- Information-classification
- Version
- Page number / total pages
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Financial Business Risk Assessment
This fully completed financial business risk assessment example has been prepared by experienced ISO management system consultants. It covers the risks to an organisation's financial health and profitability, including cash flow, credit, customer concentration, costs, pricing, debt and market conditions. It can be used as a starting point when developing your own business risk assessment documentation.
What Does This Financial Business Risk Assessment Cover?
This risk assessment identifies the key financial risks an organisation faces, including:
- Cash flow and liquidity
- Credit risk and non-payment
- Customer and income concentration
- Cost control and overheads
- Pricing and margins
- Debt and financing
- Forecasting and financial information
- Market and economic conditions
- Financial controls and error
A residual risk rating is then assigned to each risk, demonstrating how effective controls - such as cash flow forecasting, credit checks and payment terms, diversifying income, cost and margin monitoring, and sound financial controls - reduce the overall risk to a tolerable level.
A Professional Easy-to-Use Risk Assessment Template
This document uses colour-coded header styles matched to risk ratings, making it quick to read and easy to communicate during team briefings and staff training. A built-in risk rating matrix supports consistent evaluation of likelihood and consequence, and clear risk symbols help communicate each risk at a glance. An inherent and a residual rating are recorded for every risk, so the effect of your controls is easy to demonstrate.
Risk, Control and Prohibition Symbols
Each row in the assessment is tagged with a small symbol so the type of risk, the control that manages it and any prohibition are clear at a glance. The same icon set runs across every alphaZ business risk assessment, which keeps a finished document quick to read and easy to compare. You can read more about them in our blog post on the alphaZ business risk icons.
Who Is This Financial Business Risk Assessment Template Suitable For?
This template is suitable for organisations of any size that need to assess and document the risks to their financial health and stability. It is useful when strengthening financial governance and resilience, and when supporting the risks and opportunities requirements (clause 6.1) of ISO management system standards. Directors, finance leads and business owners can all use it as a practical, ready-made starting point.