Your organization has a remote backup in another state. The backup facility is classified as a warm site. Go online and research hot and warm sites. Discuss the readiness of the current backup site. Prepare a plan with specific action steps that would need to be taken to upgrade to a hot site.
Answer to relevant QuestionsRefer to the chapter opener, Meet the CFO. In your opinion, how could enterprise risk management affect a company’s financial performance during an economic downturn?Discuss how governance, including the tone at the top of the organization and policies and procedures, affect an organization’s risk management.Compare and contrast COSO’s Enterprise Risk Management—Integrated Framework and COSO’s Internal Control—IntegratedFramework.Explain the two monitoring approaches suggested in the ERM framework: ongoing monitoring and separate evaluation. Provide examples of each. Discuss the reasons why EspressoCoffee management decided to use QuickBooks. Do you agree? Why or why not?
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