What is the role of the CFO and others in the financial management organization in enterprise risk management? How will this framework help them?
• The CFO and the financial organization play a key role in providing the needed disciplines and procedures to establish risk management as an integral part of the business strategy setting process. The CFO provides the organization with analytical tools to help determine risk appetite and risk tolerance. The CFO is well positioned to look across the businesses and functions within a company to develop and implement the portfolio view of risk. He/She has the experience and knowledge to establish controls necessary to assure that the evaluation of risk is a continuing and integral part of the management process and is consistent with the risk management philosophy agreed to with the Board. What is the role of internal auditors in enterprise risk management? How will this framework help them? • Board and audit committees have an oversight role to determine that appropriate risk management processes are in place and that these processes are adequate and effective. Internal auditors can as
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- What is the role of the CFO and others in the financial management organization in enterprise risk management? How will this framework help them?
- What is the role of internal auditors in enterprise risk management? How will this framework help them?
