Enterprise Risks Management (ERM)Role of IA in Managing RisksPRESENTED BY :NAMEMATRIC NUMBERLOH MEI SHEE133985KHO LAY SZE133972CYNTHIA DING SIEW SEE 133959SARAH NABILAH BINTI ABDUL LATIF134044NOR ARDILA BINTI ABU BAKAR132062NORFARAH AZLIEYANA BINTI CHE OMAR132063NUR SALSABILA BINTI YUSUP132064NURUL AMIRAH BT MOHD FAUZI132065
What is Risk?The possibility of an event occurring that would have an impact on the achievement of objectives.Can be identified and measuredby its impact and likelihood.
TYPES OF RISKSSTRATEGIC RISKMARKET RISKCREDIT RISKOPERATIONAL RISKINFORMATION SYSTEM RISKLITIGATION RISKREPUTATION RISK03070604010205
Types of Risk1. CREDIT RISKDEFINITIONThe risk of default on a debt that may arise from a borrower failing to make required paymentsEXAMPLES- Fail to make a payment due on a mortgage loan, credit card, line of credit, or other loan.-Fail to pay an employee’s earnedwages when due.WAYSTO MITIGATE- Establish credit limits- Develop a standard process for handling overdue accounts- Perform credit analysis for new credit sales