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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2257 |
Essay's paper body
IA’s core role with regard to ERM is to provide objective assurance to the board on the effectiveness of an organization's ERM activities to help ensure key business risks are being managed appropriately and that the system of internal control is operating effectively.â€
(Theiia, 2004)
Data and Analysis
Corporate governance was introduced to safeguard the shareholders assets...
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So good corporate governance will involve the board overseeing all aspects of risk are being thoroughly investigated. A well established risk management system will help the mangers make better informed decisions. ERM also helps with the communication between departments, better manager’s responsibility, compliance with regulations, increased profit margins and can be used as pricing tool...
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