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Risk Appetite

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May 1, 2024 3 minute read

Risk appetite is an organization's tolerance for risk. It is the amount of risk that an organization is willing to take in order to achieve its objectives. Risk appetite is based on a number of factors, including the organization's industry, size, and financial strength.

Importance of Risk Appetite

Risk appetite is important because it helps organizations make informed decisions about the risks they are willing to take. By understanding their risk appetite, organizations can avoid taking on too much risk or, conversely, missing out on opportunities due to being too risk-averse.

Path to Risk Appetite

Take the first step.

We've curated four courses to help you on your path to Risk Appetite. Use these to develop your skills, build background knowledge, and put what you learn to practice.

Sorted from most relevant to least relevant:

The Fundamentals of Risk-Based Auditing

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Governance for ISACA® CRISC™

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Complete Enterprise & Operational Risk Management Bootcamp

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Risk governance: Manage the risks

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Reading list

We've selected eight books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Risk Appetite.