Problem
Do not limit your discussion of the topics to the textbook. Use outside sources for examples. Use for profit organizations only as examples.
I. Explain how Key Risk Indicators assist companies in identifying emerging risks. Select a company other than Intuit and provide examples of how KRls would be useful.
II. Explain how Key Performance Indicators help companies to manage existing risks. Select a company other than Intuit and identify at least three KPls unique to their business. Explain how the KPls can assist the company in managing risks specifically related to their company/industry.
III. What is the effect of not measuring performance of an ERM program on the overall quality of the program?
IV. How can the Board of Directors be confident in the information reported on management's progress in responding to significant risks?