The enterprise risk management (ERM) framework was developed by COSO to provide managers a formalized methodology to
Question:
Required:
Explain how management would use the ERM framework to manage business risk.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
ERM provides a framework for management to assess their internal risk environment se...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted:
Students also viewed these Auditing questions
-
Explain how you would use "Approach #2" of Section 7.3 to calculate the confidence interval discussed below Equation (8.8).
-
Explain how you would use the alkene starting material inEq.6.2 to determine the absolute configuration of the dextrorotatory enantiomer of the following hydrocarbon: Outline the possible results of...
-
Explain how you would use the alternation ranking method, the paired comparison method, and the forced distribution method.
-
In which section do you create VLAN on Cisco WLC ? ? Layer 3 3 Section Layer 2 2 Section Security Section RF Section
-
At St. Algebra College, the numbers of males and females in the various major fields of study are: Read each of the following problems carefully before constructing the fraction and solving for the...
-
1 and 2 are complementary angles. Given the measure of 1, find m2. m21 = 21
-
Explain how we can use the pseudo-F statistic to select the optimal number of clusters.
-
The April 2010 income statement for Fabio's Fashions has just been received by Diana Caffrey, Vice-President of Marketing. The firm uses a variable costing system for internal reporting purposes. The...
-
A company pays each of its two office employees each Friday at the rate of $300 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees...
-
Add a constraint to make sure the Rep_ID value entered in the BOOK_STORES table is a valid value contained in the STORE_REPS table. The Rep_ID columns of both tables were initially created as...
-
The following situations represent errors and frauds that could occur in financial statements. Required: State how the ratio in question would compare (higher, equal, or lower) to what the ratio...
-
Audit Strategy Memorandum. The auditor should establish an overall audit strategy that sets the scope, timing, and direction of the audit and guides the development of the audit plan. In establishing...
-
Consider a random variable (r.v.) X ~ N (8, 16). State whether the following statements are true or false: a. The probability of obtaining an X value of greater than 12 is about 0.16. b. The...
-
Answer the following problems with solution: Use the following information for the next two questions: The statement of financial position of the partnership of A and B as of December 31, 20x1 is...
-
Complete the following budgets 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods (roundup to the next unit) Total Needed Less: Beginning Inventory Total Production {7.01}
-
Solution needs urgently. Question 1 (5 points) In times of prosperity (with high incomes and employment), governments at all levels have resources for high cost infrastructure such as roads,...
-
Write a program (called assignment-1.cxx)-- (40 points) Write down the C++ program based on the following tasks. Creates an Array (1D array) and randomly assign values. Show the array with assigned...
-
on 17:03 Sat 11 May < 00 194843... 19871 II B itsSUNPI is live! + Hi mates im Alive chating and all the fun stuf that we do O COME & GET ME! -- Sunpi FE now Untitled... HYPE RESULTS T Potential...
-
How is cost of goods sold computed under a periodic inventory system?
-
Evaluate the function at the given value(s) of the independent variable. Simplify the results. (x) = cos 2x (a) (0) (b) (- /4) (c) (/3) (d) ()
-
The mathematical model of a nonlinear system is provided. Using the procedure outlined in this section, find the operating point and derive the linearized model. \(\ddot{x}+\frac{1}{3}...
-
Included in the December 31, 2011, inventory of the Wholeridge Supply Company are 2,600 deluxe ring binders in the amount of $5,902. An examination of the most recent acquisitions of binders showed...
-
The Ruswell Manufacturing Company applied manufacturing overhead to inventory at December 31, 2011, on the basis of $3.47 per direct labor hour. Explain how you will evaluate the reasonableness of...
-
Each employee for the Gedding Manufacturing Co., a firm using a job-cost inventory costing method, must reconcile his or her total hours worked with the hours worked on individual jobs using a job...
-
you are analyzing the cost of debt for a firm. Do you know that the firms 14 year maturity, 7.8 Percent coupon bonds are selling at a price of $834. The Barnes pay interest semi annually. If these...
-
***Please answer the following using excel and showcasing the formulas/calculations used*** thank you so much Financial information on AAA Ltd. is shown below. AAA Ltd. Income Statement For the Year...
-
2. In an account Anh Paglinawan currently has $216,670.00. At a rate of 8.00% how long will it take for them to have $298,390.00 assuming semi-annually compounding? (Hint: compute the exact years, do...
Study smarter with the SolutionInn App