Question: In Risk Control Map, certain risks are identified in the area where both risk significance and the control effectiveness are high. Should this be a

In Risk Control Map, certain risks are identified in the area where both risk significance and the control effectiveness are high. Should this be a concern for the management?

Yes because these risks are being over controlled which is a sign of waste of corporate resource.

,

because the high risk areas have effective control

No because the control effectiveness is not expected to be in alignment with the risk level

Yes because those are high risk areas that demand more controls

In Risk Control Map, certain risks are identified in the area

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!

James Smith Character Brief. You have worked for Bakers Caf for the past two years. You were engaged by Mr Baker to supervise the operations of the store. You enjoy working at the Caf but believe...

CHAPTER 6 1. In assessing organizational risk in a manufacturing organization, which of the following would have the greatest long-range impact on the organization? a. Advertising budget. b....

Risk Management Process as per Espresso Caf Policies and Procedures: Risk Identification: The first step in the risk management process is to identify potential risks that could impact the operations...

1. In assessing organizational risk in a manufacturing organization, which of the following would have the greatest long-range impact on the organization? a. Advertising budget. b. Production...

Could i get help with question 43. I know the answer need to know how you get there. University of Connecticut School of Business Managerial Accounting 2101 Exam 2 Fall 15 -W November 2, 2015...

Hi could I get help with number 22, 25 41? See attached exam. University of Connecticut School of Business Managerial Accounting 2101 Exam 2 Fall 15 -W November 2, 2015 Student:...

BSB51915 DIPLOMA OF LEADERSHIP AND MANAGEMENT Resource Management Manage Industrial Relations BSBWRK510 Manage Employee Relations ii This workbook has been designed for use in conjunction with...

***READ THIS FIRST*** I need the questions for Part 1 AND Part 2 answered for this case study. The answers must be well-written, detailed, and must answer each question fully with examples from the...

For each of the systems in Exercise 14, find (i) The characteristic equation; (ii) The eigenvalues; (iii) The eigenvectors corresponding to each of the eigenvalues.

The Edom Corporation is considering a new project. This project involves the introduction of a new product. The project is expected to last for 4 years and then will be terminated. The plant and...

direct method iof departmental cost allocation is the simplest of three methods

Transaction 5 Sales were $70,000. Cost of merchandise sold was 70% of sales. 70% of sales were on open account. [Note: Record the complete entry for the sales first and the complete entry for the...