RISK- BASED METHODOLOGY
The risk assessment framework closely incorporates the concepts of risk and control. The Schwan Food Company establishes business objectives at all levels of the company, from the corporate level down through each business unit. To achieve these objectives, the company puts in place core business processes, which are groupings of related business activities (e.g., procure materials, manufacture products, distribute produces, sell products, service customers). The core business practices are upheld by support processes that provide resources and services to the core business processes. Risks threaten the achievement of business objectives at all levels, while