Question 3\ What is enterprise risk management (ERM)?\ A process, effected by an entity's board of directors, management, and other personnel designed to identify potential events that may affect the entity and to manage risk within its risk appetite\ A process by which compliance with laws and regulations can be assessed\ A process designed to identify material events that may affect the financial statements and to manage risk within the entity's risk appetite\ A process of evaluating internal controls to ensure operations are carried out efficiently and effectively

What is enterprise risk management (ERM)? A process, effected by an entity's board of directors, management, and other personnel designed to identify potential events that may affect the entity and to manage risk within its risk appetite A process by which compliance with laws and regulations can be assessed A process designed to identify material events that may affect the financial statements and to manage risk within the entity's risk appetite A process of evaluating internal controls to ensure operations are carried out efficiently and effectively