FIN959 Enterprise Risk Management

Question

Answered

Questions:

You are to analyse an industry with regards to appropriate enterprise risk management practices. You can choose from Legal services industry or Accounting services industry.
On the basis of the industry selected you are required to answer the following:

Provide an adequate description of the characteristics of the industry
Adequately identify the risks inherent in the industry
Suggest a risk management process relevant for organisations within the industry. Provide. Justification for the risk management process you have selected
Suggest risk mitigation measures relevant for organisations within the industry. Give reasons as to why the measures suggested by you are appropriate and effective