RSK2601 EXAM
PACK
, lOMoAR cPSD| 48011787
Enterprise risk management (ERM) is characterised by
a
1. Narrow focus of hazard risks
2. Comprehensive, inclusive and proactive approach
to risk management
3. Functional approach to risk management
responsibilities
4. Lack of consistency in terms of level of detail and
reporting formats
The purpose of an ERM policy is to
1. Assist an organisation integrating risk management
into its management processes
2. Communicate externally that risk management is
being practiced
3. Satisfy internal and external audit requirements
4. Set out how the risks will be managed and
controlled
A risk management policy sets out how the risk, which
have been identified by the risk assessment procedure,
will be managed and controlled. The risk management
policy assigns responsibility for performing key tasks,
establishes accountability with the appropriate
Downloaded by Vincent kyalo
PACK
, lOMoAR cPSD| 48011787
Enterprise risk management (ERM) is characterised by
a
1. Narrow focus of hazard risks
2. Comprehensive, inclusive and proactive approach
to risk management
3. Functional approach to risk management
responsibilities
4. Lack of consistency in terms of level of detail and
reporting formats
The purpose of an ERM policy is to
1. Assist an organisation integrating risk management
into its management processes
2. Communicate externally that risk management is
being practiced
3. Satisfy internal and external audit requirements
4. Set out how the risks will be managed and
controlled
A risk management policy sets out how the risk, which
have been identified by the risk assessment procedure,
will be managed and controlled. The risk management
policy assigns responsibility for performing key tasks,
establishes accountability with the appropriate
Downloaded by Vincent kyalo
