Choose from the following the best definition of risk identification. Decide how the company will address the prioritized risks Identifying existing risks and their outcomes Select which risks are most likely to occur or will have the largest impact Categorizing risks based on their types

Which of the following is not one of the five key steps within the ERM process? a. Risk response b. Risk acceptance c. Risk monitoring d. Risk identification

The exercise of integrating a company’s functional strategies helps the team explicitly recognize which risks are on its immediate critical path and devise near-term plans for mitigating these risks in sequence True False

Explain relationship between the client’s performance measurement system and client’s inherent risk.