https://www.journalofaccountancy.com/issues/2008/mar/implementingenterpriseriskmanagement.html

1. Using the Ernst &Young Risk Management Checklist and the "Implementing Enterprise Risk Management" article provided by the instructor, checklist to evaluate a hasbros enterprise risk management program. Then, using the Form 10K report, proxy statement, and governance information (From company website), what are some critical assessment of the company's risk management program. This assessment should clearly identify the program's strengths and weaknesses. (Please see the table below)

Yes No Not Sure Comments

Do you have a formal risk management framework?

Have you clearly defined your risk appetite?

Do you perform an annual enterprise-wide risk assessment?

Are processes in place so that risk management is aligned to corporate strategies?

Have you evaluated the advantages and disadvantages of outsourcing or co-sourcing the functions needed to support the risk management plan?

Do they risk and compliance functions throughout the organization work together?

Do they have risk functions focus on the most important risks?

Do they have risk functions improve your business performance?

Does your internal audit department have a clear mandate that addresses strategic, operational, financial and compliance risk?

Have you established clear governance over risk and risk management?

Have you defined board committees with a focus on specific risk areas and considered the appropriateness of a risk committee?

Do you clearly articulate your risk assessment and risk management processes to the public markets?