Enterprise Risk Management Flashcards
1
Q
COSO ERM defines Risk tolerance as
A
acceptable variation with a particular objective
2
Q
Risk appetite
A
is a risk that a company is willing to accept
3
Q
residual risk
A
risk of an event after considering management’s response
4
Q
Hedging is an example of
A
sharing risk with another party
5
Q
Process flow analysis
Facilitated workshops and
Loss event data methodologies are
A
techniques for identifying events in ERM program
6
Q
Management has set objectives, identified events and assessed risk. what is the next step
A
Risk responses to the assessed risk
