Discuss ERM (Enterprise risk management)

This Unit’s Discussion Questions

1. Your client, ReLo Inc. has hired a new controller, Joe Smith. Management of ReLo has asked that you discuss ERM(Enterprise risk management) with him.   After a review of the components of the ERM framework, Joe said “All these categories are a waste of time! The only thing that really matters is that we respond to error and fraud when we need to!”   How would you respond to Joe?   (ULO 1)