Question: Which component of the ERM framework is best described here: Management selects whether to avoid, accept, reduce, or share risk; developing a set of actions

Which component of the ERM framework is best described here: Management selects whether to avoid, accept, reduce, or share risk; developing a set of actions to align risks with the entity's risk tolerances and risk appetite.

event identification

risk assessment

control activities

risk response

Which component of the ERM framework is best described here: Management

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!

Two couples act on the frame. If d = 4 ft, determine the resultant couple moment. Compute the result by resolving each force into x and y components and (a) Finding the moment of each couple (Eq....

Risk assessment is best described by: Management selects whether to avoid, accept, reduce, or share risk - developing a set of actions to alis the entity's risk tolerances and risk appetite. The...

a. b. c. 9. A process, effected by an entity's board of directors, management and other personnel, applied in strate setting and across the enterprise, designed to identify potential events that may...

Need help with these multiple choice questions for internal audit final exam. Due in 2 hours. QUESTION 1 RsQ_004Without management direction and assumption of responsibility, it would be...

Question: Analyse to the board and comment on the financial performance of Remy Cointreau based on the three specific areas as follows: identification & assessment of the group interest exposures...

using the Case Study: Remy Cointreau: Dept Management & Yield Curves Analyse to the board and comment on the financial performance of Remy Cointreau based on the three specific areas as follows:...

Make a detailed presentation of the derivative products (futures, swaps and options) used by Remy Cointreau during the period.And then show how the fixed-floating interest rate mix of the Group had...

Research Paper: Topic: Why did the traditional financial risk approaches, methods, and tools fail in the financial market meltdown of 2008 - 2009? Discuss questions DQ #1: How has fair value...

ENTERPRISE RISK MANAGEMENT ENTERPRISE RISK MANAGEMENT (ERM) ERM forms an important element of organizational management and provisioning of consolidated services. The effective deployment of...

ISSUES IN ACCOUNTING EDUCATION Vol. 26, No. 3 2011 pp. 521-545 American Accounting Association DOI: 10.2308/iace-50031 Breach of Data at TJX: An Instructional Case Used to Study COSO and COBIT, with...

1)Identify the cash flow patterns for 2020 and 2019. What do these patterns tell us about Loblaw? 2)Calculate the average age percentage of Loblaws property and equipment for 2020 and 2019 and...

In early childhood Increasing family involvement is an issue with all families of children with disabilities. How does cultural and linguistic diversity create more of a challenge to increase family...

Phoebe opens a bait delivery service during the current year. In starting up the business, she decides to use her personal truck as a delivery vehicle. She had paid $16,000 for the truck, which was...

Please help me put the corrext numbers in the branded distribution boxes for North America, Asia - Pacific, and Latin America to were the projected inventory surplus ( shortfall ) will be a positive...

The Dahlia Company has net income of $162,840. There are currently 29.38 days sales in receivables. Total assets are $794,350, total receivables are $145,350, and the debtequity ratio is .25. What is...