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Enterprise Risk Management Annual Report GSU Finance  Form

Enterprise Risk Management Annual Report GSU Finance Form

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enterprise risk management is one of the aspects of beyond the numbers uh in managerial accounting and what that deals with is a process that's used by a company to proactively identify the risks that it faces or could face uh and manage uh those risks once a company identifies its risks the most common risk management tactic is to reduce the risk by implementing specific controls so in this situation what they're looking for is to say what possible risks could come up and how can i mitigate those risks as much as possible the one key thing that you need to understand about enterprise risk management is that you will never get rid of the risk you will just reduce the risk so in essence to give you an example if you are a internet server based company then your risk could be what if my server goes out how are you going to mitigate that risk maybe it means you're going to have a backup server maybe it means you're going to have a backup to the backup server and so on these are things tha

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