Wehrspohn Risk Management

πŸ”Ž Implementing PS 340 n.F. in under a day? Yes, with the right tool.

May 8, 2025

πŸ”Ž Implementing PS 340 n.F. in under a day? Yes, with the right tool. Many companies struggle with implementing IDW auditing standard 340: risk aggregation, risk-bearing capacity calculation, documentation, reporting, all of it audit-proof and traceable. πŸ“Œ With Risk Kit, we offer the simplest possible path: A ready-made template for risk aggregation Gross and net scenarios that can be captured directly Monte Carlo simulation at the click of a mouse A complete report, including risk-bearing capacity analysis Seamless documentation at the push of a button πŸ’‘ The entire process can be implemented in a few hours, often a single day is enough. And: our approach is methodically completely open. You're not limited to rigid distributions, but can model risks as precisely and modernly as you like, from simple estimates to complex risk structures. βœ… Result: A robust, audit-proof risk report, ready for the risk committee, management, and the auditors. How do you implement PS 340? What's holding you back, and what really helps? https://lnkd.in/e8Muxtws πŸ’¬ #PS340 #RiskBearingCapacity #IDW #RiskManagement #ERM #Simulation #Auditing #RiskKit #EnterpriseRiskEvaluator

View image

This post was originally published on LinkedIn. View and join the discussion there