ACFI 470 Financial Information systems and control Page 14 of 16 BRIDGEWATER STATE UNIVERSITY Summer 2017 Home Problem Set #1 Problem #3: Risk Assessment and Response (20 points three business segments: Jasper Co. is a manufacturer of fishing and hunting products. The company has highly competitive outdoor boats, motors and boat accessories, and hunting equipment. Jasper's markets are fishing with price and product quality being key drivers. asper is the third-largest producer of aluminum in the U.S. The senior management of Jasper Co recently hired outside consulting firm to identify risks pertaining to the company operations. The outside consultant an report to senior management, a formal risk Both are own in Exhibit 1. Management's responses to the risk report are outlined in Exhibit 2. exhibits provided in the Resources tab. Complete table below using the information included in the exhibits. the In the second column, identify the type of risk response that senior management has recommended for each of the risks identified by the outside consultant. Risk Avoidance, Risk Sharing, Risk Reduction, or Risk Acceptance In the third if the enterprise will be exposed to if the management column, identify the type of risk any) that recommendations are implemented. Inherent Risk, Residual Risk, or No Risk Risk Exposure after Management's Management's Response Risk Response Item 1. tem 2 Item 3 Item 4 Item 5