Never has there been a greater need for transparency into the nature and magnitude of risks undertaken in executing the corporate strategy.
An effective risk assessment process lays the foundation for management to respond to questions confidently as the business environment remains in a constant state of flux. Furthermore, an effective process instills confidence in the board that management has a substantive basis for answering questions about the risk assessment process. This questionnaire addresses key issues that boards and management should consider as they evaluate their confidence in the organization’s enterprise risk assessment process.