Effective risk management provides absolute assurance that the business objectives of an organization will be achieved....

Question

Question

Effective risk management provides absolute assurance that the business objectives of an organization will be achieved....

Effective risk management provides absolute assurance that the business objectives of an organization will be achieved.

( ) Agree

( ) Disagree, give reason:

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Disagree.

Effective risk management cannot provided absolute assurance, the following are the reasons;

1. Effectiveness of ERM is subject to the limitations of the ability of humans to make risk assessment and its impact.

2. Collusion can dilute the effectiveness of ERM.

3.ERM can be overridden by management.

Add a comment

Answer 2

Similar Homework Help Questions

This unit provides insight on how to structure the project organization in an effective and efficient manner to achieve project objectives. One of the challenging issues of project management is the c...

This unit provides insight on how to structure the project organization in an effective and efficient manner to achieve project objectives. One of the challenging issues of project management is the contradiction of fundamental design principles associated with traditional organizations. Projects are unique, one-time efforts with a distinct beginning and end. Most organizations are designed to efficiently manage ongoing activities. Considering the fact that project success is directly linked to the amount of autonomy and authority project managers have over...
1. Define internal control. 2. Internal control provides reasonable assurance. Explain. 3. What are the objectives...

1. Define internal control. 2. Internal control provides reasonable assurance. Explain. 3. What are the objectives of a system of internal control? 4. Enumerate, and explain briefly, the components of an internal control. 5. What is the control environment? What are the elements that comprise the control environment? 6. What is meant by risk assessment process? 7. What is an information system? 8. What are control activities? 9. Give the different types of control activities. 10. Why is it necessary...
Compare and contrast the differences between the concepts of cyber security, information assurance, and risk management....

Compare and contrast the differences between the concepts of cyber security, information assurance, and risk management. Where in the security industry would each concept apply? What are the pros and cons of each? If your school or organization were to adopt one concept, which would it be? Why?

Based upon the CAIS article.. Explain briefly the main business objectives of knowledge management, business intelligence,...

Based upon the CAIS article.. Explain briefly the main business objectives of knowledge management, business intelligence, and business analytics in the organization. What are the main challenges and risks involved?
1. Three major challenges facing supply executives when setting supply strategies and objectives are: Multiple Choice...

1. Three major challenges facing supply executives when setting supply strategies and objectives are: Multiple Choice (1) How can we simultaneously provide uninterrupted supply and minimize inventory? (2) How can we improve quality while reducing our supply base? and, (3) How can we increase our involvement in outsourcing decisions? (1) What is the effective interpretation of corporate objectives and supply objectives? (2) What is the appropriate action plan or strategy to achieve the desired objectives? and, (3) How can supply...
Who is responsible for Risk Management in an organization? Which community of interest usually takes the...

Who is responsible for Risk Management in an organization? Which community of interest usually takes the lead in information asset risk management? Which community of interest usually provides the resources used when undertaking information asset risk management?

evaluate consequences of effective and ineffective management on business outcomes and employees satisfaction in Hartford healthcare...

evaluate consequences of effective and ineffective management on business outcomes and employees satisfaction in Hartford healthcare organization?
Establishing an effective account receivable management strategy is a crucial part of running a successful business....

Establishing an effective account receivable management strategy is a crucial part of running a successful business. Do you agree that business owners should make the policy related to accounts receivables dynamic rather than fixed? Discuss.
Urganizational governance is: O a. Tactical management O b. Day to day management of the organization...

Urganizational governance is: O a. Tactical management O b. Day to day management of the organization O c Compliance O d A process by which organizations select objectives estab sh processes to achieve objectives, and monitor performance Type here to search 40 2 3 4 5 6 8 Risk responses do not include: O a. Staying in the activity that is giving rise to the risk O b. Sharing a risk by, for example, buying insurance or outsourcing the activity...

Q: 1. Give brief answers for the following questions: I. Define ‘operational risk management’. II. What...

Q: 1. Give brief answers for the following questions: I. Define ‘operational risk management’. II. What is strategic risk? III. What is people’s risk? IV. What are the key areas of risk associated with business objectives?

Effective risk management provides absolute assurance that the business objectives of an organization will be achieved....

Homework Answers

Add Answer to:
Effective risk management provides absolute assurance that the business objectives of an organization will be achieved....

Post as a guest

Earn Coins

This unit provides insight on how to structure the project organization in an effective and efficient manner to achieve project objectives. One of the challenging issues of project management is the c...

1. Define internal control. 2. Internal control provides reasonable assurance. Explain. 3. What are the objectives...

Compare and contrast the differences between the concepts of cyber security, information assurance, and risk management....

Based upon the CAIS article.. Explain briefly the main business objectives of knowledge management, business intelligence,...

1. Three major challenges facing supply executives when setting supply strategies and objectives are: Multiple Choice...

Who is responsible for Risk Management in an organization? Which community of interest usually takes the...

evaluate consequences of effective and ineffective management on business outcomes and employees satisfaction in Hartford healthcare...

Establishing an effective account receivable management strategy is a crucial part of running a successful business....

Urganizational governance is: O a. Tactical management O b. Day to day management of the organization...

Q: 1. Give brief answers for the following questions: I. Define ‘operational risk management’. II. What...

Effective risk management provides absolute assurance that the business objectives of an organization will be achieved....

Homework Answers

Add Answer to: Effective risk management provides absolute assurance that the business objectives of an organization will be achieved....

Post as a guest

Earn Coins

Add Answer to:
Effective risk management provides absolute assurance that the business objectives of an organization will be achieved....