Value is maximized when: - ANSWERSStrategy balances risks and returns as well as efficiency and
effectiveness in accomplishing objectives.
What are the ERM Objectives? - ANSWERSStrategy
Operations
Reporting
Compliance
What are the components of ERM? - ANSWERSInternal Environment
Setting Objectives
Event Identification
Assessment of Risks
Risk Response
Control Activities
Information and Communication
Monitoring
What are the critical components of Internal Environment? - ANSWERSCommitment to Ethics and
Integrity
Board Independence and Oversight
Organizational Structure
Commitment to Competence
Accountability
Human Resources Standards
Risk Management Philosophy
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R144,95. You're not tied to anything after your purchase.