Order Risk attitudes and internal environment

Order Risk attitudes and internal environment
1 Match the term to the definition.
(a) Risk appetite
(b) Risk capacity
(c) Risk attitude
(i) The nature and strength of risks that an organisation is able to bear
(ii) The nature and strength of risks that an organisation is prepared to bear
(iii) The directors’ views on the level of risk that they consider desirable
2 What are the main elements that should be covered by a risk policy statement?
3 Which of the following is not an argument in favour of establishing a risk management committee that is
separate from the audit committee?
A The risk management committee can be staffed by executive directors.
B Because they are non-executive directors, members of the audit committee may have insufficient
time to consider in sufficient detail all the major risks faced by the company.
C The risk management committee can concentrate on areas where risks are particularly high.
D The role of the audit committee is constrained by corporate governance codes, whereas a risk
management committee can have a much wider brief.
4 Shareholders’ principal concern is always threats to the level of dividend they receive.
True
False
Order Risk attitudes and internal environment
5 What are the main factors that will be reflected in the organisation’s control environment?
6 Fill in the blank
…………………………………. is the pattern of basic assumptions that a given group has invented, discovered
or developed in learning to cope with its problems.
7 Name Granger’s three types of objectives.
8 What are the main contents of a risk register
Having a hard time figuring out how to do your assignment?
Ask our experts for help and get it done in no time!
The list is limitless. Research, term papers, dissertations, thesis, editing — all options are included. Even if you have a unique type of task, our writers are creative and meticulous enough, and they know how to take care of it. The following specific types of services are what our clients require most often.