You have been asked to observe how junior management uses new accounting software at a leading city accounting firm.As part of informed consent, staff is informed that they will remain anonymous.As part of your observations, you notice that many of the junior management staff members are making a particular data entry error when using this software.

a. What is the risk management process? Explain according to given scenario.

b. Draw a complete risk management table after determining potential risks.

NOTE:THIS QUESTION IS FROM PROFESSIONAL ETHICS