ERM and Role of IA in Managing Risks.pdf - Enterprise Risks Management(ERM Role of IA in Managing Risks PRESENTED BY NAME MATRIC NUMBER LOH MEI SHEE

ERM and Role of IA in Managing Risks.pdf - Enterprise Risks...

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Enterprise Risks Management (ERM) Role of IA in Managing Risks PRESENTED BY : NAME MATRIC NUMBER LOH MEI SHEE 133985 KHO LAY SZE 133972 CYNTHIA DING SIEW SEE 133959 SARAH NABILAH BINTI ABDUL LATIF 134044 NOR ARDILA BINTI ABU BAKAR 132062 NORFARAH AZLIEYANA BINTI CHE OMAR 132063 NUR SALSABILA BINTI YUSUP 132064 NURUL AMIRAH BT MOHD FAUZI 132065
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What is Risk? The possibility of an event occurring that would have an impact on the achievement of objectives. Can be identified and measured by its impact and likelihood.
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TYPES OF RISKS STRATEGI C RISK MARKET RISK CREDIT RISK OPERATIONA L RISK INFORMATION SYSTEM RISK LITIGATION RISK REPUTATIO N RISK 03 07 06 04 01 02 05
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Types of Risk 1. CREDIT RISK DEFINITION The risk of default on a debt that may arise from a borrower failing to make required payments EXAMPLES - Fail to make a payment due on a mortgage loan, credit card, line of credit, or other loan. - Fail to pay an employee’s earned wages when due . WAYS TO MITIGATE - Establish credit limits - Develop a standard process for handling overdue accounts - Perform credit analysis for new credit sales
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