Identifying corruption and public sector risks

Risk assessment goes through different stages, with risk assessment of individual elements being performed. The assessment is a method of identifying areas, conditions or events with a potentially high level of risk. In order to determine the amount of risk that can be taken or that is acceptable for the normal functioning of a system (institution), the level of preference in relation to the main objective should be determined. The overall risk management model aims to support the decision maker by reducing uncertainty and increasing the success certainty of this decision. The reduction of obscurity and uncertainty is done by collecting more data on possible risk events. The risk is always calculated from the perspective of a future event and is probabilistic. However, the assessment provides extremely important information to managers and decision makers whether it is worth taking a risk. The purpose of risk assessment is to improve management in case of a risk event and process assessment. Different ways of dealing with uncertainty are used to reduce risk. One of them is transparency, which has become a major weapon against covert practices of office powers abuse for personal advantages as well as the fight against crime