Risk Insights – Managing Uncertainty

Uncertainty is inevitable, but effective enterprise risk management recognizes and acknowledges the threats associated with that uncertainty. The audit committee plays a crucial role in assessing and managing enterprise-wide risk of an organization by overseeing management’s focus on identifying, evaluating and responding to risks that face the entity. It requires the recognition of ever-changing uncertainty and the importance of deploying programs and tools to assess the risk and opportunities that such uncertainty creates.

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