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BEC - Universal CPA > CHAPTER 4: CORPORATE GOVERNANCE, BUSINESS PROCESSES & FINANCIAL RISK > Flashcards

CHAPTER 4: CORPORATE GOVERNANCE, BUSINESS PROCESSES & FINANCIAL RISK Flashcards

1
Q

Five Major Components of ERM

A

C = Governance and Culture
R = Review and revision
I = Information and Communication
S = Strategy and objective-setting
P = Performance

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2
Q

Four Objectives of ERM

A

Reporting
Operations
Compliance
Strategic

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BEC - Universal CPA (4 decks)

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