Which of the following definitions best describes enterprise risk management?
Which of the following definitions best describes enterprise risk management?
Enterprise risk management is a comprehensive approach that encompasses more than just internal control. It involves the identification, assessment, and management of potential risks that could impact an organization, and aims to ensure that the organization's objectives are met. This holistic approach means it is broader than internal control alone, providing a framework for consistent risk management across all areas of the enterprise.
Agree with D.
It says assurance, not reasonable assurance. I think D is a better answer
Governance is broader than enterprise management
Enterprise risk management doesn't focus on activities...