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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

“The Enterprise Risk Management (ERM) framework introduced in Chapter 7 can be used by management to make decisions on which controls in this chapter should be implemented.” Do you agree? Discuss fully.

Summary Introduction

To determine: The Enterprise Risk Management (ERM) framework can be used to make decisions on which controls should be implemented. Whether do you agree and discuss the statement?

Introduction:

Enterprise risk management (ERM)

The techniques and procedures adopted by the companies to tackle risks and grab opportunities in accordance with their goals.

Explanation

Enterprise Risk Management (ERM) framework can be used to make decisions on which controls should be implemented:

Person X thinks that he agrees on the statement made on ERM framework but there are some issues which can be considered and they are,

  • According to the statement, not all controls can be implemented by the ERM framework but the cost and benefits must be taken into account under the ERM framework.
  • On the basis of a risk assessment conducted by the organization, security measures must be carried out...

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