For an organization that has implemented ERM, describe steps the internal audit function can take to...
For an organization that has implemented ERM, describe steps the internal audit function can take to initiate an ERM program without impairing the functions independence and/or objectivity.
Internal auditing: Assurance & advisory services fourth addition Chapter four
Homework Answers
Answer :
ERM Means it is a internal control on an organization to control risk of an organization.
Following steps are to be carried out for implemented ERM(Enterprise Risk Management)
1 Delegate of Enterprise risk Design.
2 Appoint Responsible person.
3 Draw Risk Flow chart
4 Take best decision
5 Culture change as a enterprise
Apply those steps and identify error and fraud. use this flow and control of an do internal auditing of an enterprise.
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For an organization that has implemented ERM, describe steps the
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