What Is Enterprise Risk Management (ERM)

Multiple Choice

What is enterprise risk management (ERM) ?

A) A process of evaluating internal controls to ensure operations are carried out efficiently and effectively
B) A process designed to identify material events that may affect the financial statements and to manage risk within the entity's risk appetite
C) A process, effected by an entity's board of directors, management, and other personnel designed to identify potential events that may affect the entity and to manage risk within its risk appetite
D) A process by which compliance with laws and regulations can be assessed