ENTERPRISE RISK MANAGEMENT (ERM) Definition

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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

WRITE-DOWN is the reduction in the book value of an asset.

CURRENT MATURITIES-L/T/D is that portion of long term obligations which is due within the next fiscal year.

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