1. Explain the characteristics that distinguish ERM from the standard risk management process?
2. Explain how risk exposure may prevent an organization from achieving its objectives. Give 1 (ONE) example to explain this situation?
3. Discuss the linkage between risk and uncertainty. Provide an example to illustrate the linkage?
4. Distinguish the role of the risk function with the internal audit function in the context of risk management?
5. Justify the rationale of why organizations need compliance policies, procedures and codes of conduct?