With the new version of IDW PS 340, a significant expansion of the requirements for company-wide risk management was formulated. This was preceded by heated discussions about aspects such as risk-bearing capacity and risk aggregation. Basically, these are discussions about the methodology of the risk management system and also to what extent and at which process steps quantitative approaches are useful and / or necessary.
For many risk managers, these requirements mean a significant adjustment of the previous risk management in the company, which they have to cope with in addition to everyday tasks. In our IDW PS 340 n.F. White Paper you will learn how you can implement the requirements from the audit standard with the help of Alyne Software as a Service and how you can bring your risk management up to date.