Pharmacy risk assessment is important because it helps identify, evaluate, and mitigate potential risks that could compromise patient safety, the effectiveness of treatments, or the legal and regulatory compliance of the pharmacy. This process allows pharmacists to proactively address issues related to medication errors, drug interactions, storage, and dispensing procedures. By assessing risks, pharmacies can implement strategies to minimize harm, ensure the accuracy of prescriptions, and safeguard patient confidentiality. Risk assessment also helps identify potential hazards such as controlled substance misuse, fraud, or staff safety concerns, ensuring a safe working environment.