A Process, Effected by an Entity's Board of Directors, Management

Multiple Choice

A process, effected by an entity's board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives is referred to as:

A) Enterprise resource planning
B) Enterprise risk management
C) IT system control structure
D) Corporate governance structure