ENTERPRISE RISK MANAGEMENT (ERM) Definition

Bookmark and Share

ENTERPRISE RISK MANAGEMENT (ERM) identifies risks and opportunities, assesses them for likelihood and magnitude, determines responses strategy, and monitors progress. ERM integrates strategic planning, operations management, and internal control. Monitoring ERM is part of internal control activities.

Learn new Accounting Terms

SCRAP VALUE see SALVAGE VALUE.

VARIABLE EXPENSES are those business expenses that usually fluctuate dependent upon production or sales volume. Contrast with FIXED EXPENSES.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.