Assignment Saed Mahmoud is the CEO of a newly established financial consulting firm in Birzeit. The firm is managed by Saed Mahmoud and it has 7 employees. Saed Mahmoud has recently heard about COSO ERM, and he is willing to establish an ERM system for his firm. Saed Mahmoud asks for your assistance with regards the ERM framework and how is looking for a detailed guidance on how the ERM system can be developed. Required: prepare report about how the ERM should be developed to assist the firm in risk management.