Which of the following is an element of ERM?
A) Reducing operational surprises and losses
B) Aligning risk appetite and whether fraud has occurred
C) Control environment
D) Audit risk assessment

Question

Quizplus · Accepted Answer

Reducing operational surprises and losses is an element of ERM, as it is focused on identifying and managing risks that could lead to unexpected operational issues or financial losses. Choices B, C, and D may also be important factors in ERM, but are not specifically mentioned in the question as elements.

Which of the Following Is an Element of ERM