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

UNBILLED REVENUE is revenue which had been recognized but which had not been billed to the purchaser(s).

ABNORMAL RETURNS is the difference between the actual return and that is expected to result from market movements (normal return).

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