(TCO 5) We discussed enterprise risk management (ERM) in Chapter 5. According to our lecture and the text, a good ERM program will

mean that the company's financial statements are accurate and complete.

enable the company to determine its appetite for certain risks and whether the current set of controls are effective at keeping the risk within its appetite.

ensure that executives and senior management make profitable business decisions.

require that all new hires undergo a background check prior to their first date of employment.