Essential elements of enterprise risk management


Question 1: Explain 7 Essential Elements of Enterprise Risk Management and the Role of Internal Audit.

Question 2: The five elements of a fraud and corruption management program are each very important. However, of those five, do you think any is particularly critical (more than the others) to the success of the program?

Question 3: Those nine points seem rather self-explanatory, in my view, except for #8. What does Harb and Morley have in mind with that one?

Question 4: What might be some drawbacks to the "one minute" risk management approach?

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