Chapter 10: Enterprise Risk Management Flashcards
1
Q
What is Enterprise Risk Management?
A
Applying risk management to all risks that arise firm-wide holistically.
2
Q
Difference between corporate governance and ERM?
A
Corporate governance is more for individual risks, ERM is an overview of the whole system.
3
Q
What does ERM look to achieve?
A
Methods for collating firm-wide information is risks
Decision making through risk reporting
