Question: Explain why it is important to ensure that a risk control is sufficiently reliable and robust in line with the likelihood and impact of that

  1. Explain why it is important to ensure that a risk control is sufficiently reliable and robust in line with the likelihood and impact of that risk. Give an example to illustrate your answer.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

question 1 and 2 please Question 1 [16] 1.1. You are employed as a project manager for an International construction company, The director instructs you to look at the current company structure and...

Q:

To turn in for the assignment: 0 Develop a Risk Management Plan (see Ch 7) C- Identify 5 major risk for your project. C- Utilize any of the risk assessment methods discussed in the course . Assess...

Q:

I was wondering if Scenerio 1 activies #1-4 from this article could be answered. Need Help. CASES: CASE 1 AUDITING ENTITY-LEVEL CONTROLS Learning Objectives Describe why entity-level controls are a...

Q:

I was wondering if Scenerio 1 activies #1-4 from this article could be answered. Need Help. CASES: CASE 1 AUDITING ENTITY-LEVEL CONTROLS Learning Objectives Describe why entity-level controls are a...

Q:

I was wondering if Scenerio 1 activies #1-4 from this article could be answered. Need Help. CASES: CASE 1 AUDITING ENTITY-LEVEL CONTROLS Learning Objectives Describe why entity-level controls are a...

Q:

UALITY IMPROVEMENT AND PATIENT SAFETY WHAT IS QUALITY ? Appropriate medical application knowledge of with due regard to the balance between the hazard medical inherent intervention in every and the...

Q:

I've attached the assignment as a word file, thanks! JWCL165_c07_304-355.qxd 7/31/09 2:05 PM Page 304 7 Fraud, Internal Control, and Cash Chapter STUDY OBJECTIVES After studying this chapter, you...

Q:

You are charged with designing an occupational health and safety compliance training program for generic company--see Dyson article copied below: Choose a company in any of the following industries:...

Q:

Case Study - Boutique Build Australia Boutique Build Australia Pty Ltd is a boutique building company based in Sydney that specialises in the design and build of high quality designer homes for the...

Q:

Case Study - Boutique Build Australia Boutique Build Australia Pty Ltd is a boutique building company based in Sydney that specialises in the design and build of high quality designer homes for the...

Q:

Choose one clearly identifiable item (e.g. a pair of jeans, a white shirt). Visit one big box retailer (e.g. Costco, Wal-Mart) or a department store, one specialty chain retailer, and one online...

Q:

Repeat Problem 39 under the additional assumption that no more than $30,000 can be invested in money market funds. Problem 39 An investor has at most $100,000 to invest in government bonds, mutual...

Q:

Mendez Company has idensfied an investment project with the following cash flows \ table [ [ Tear , Caih Flaw ] , [ 1 , 5 1 , 2 3 0 ] , [ 2 , 1 , 1 5 0 ] , [ 3 , 1 , 5 6 4 ] , [ 4 , 1 , 9 3 4 ] ] a ....

Q:

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

Q:

Understand some of the infl uences on the business environment that have changed the approaches to employing people.

Q:

Design a job advertisement.

Q:

10-20 Describe the six features of social commerce. Provide an example for each feature describing how a business could use that feature for selling to consumers on line.