ERM Model Description contained in audit report - DSC's Process for Tracking and Evaluating the Impact of the MERIT Guidelines

ERM "consists of eight" (various) "interrelated components." Components of ERM are (internal environment, objective setting, event identification, risk assessment, risk response, control activities, information and communication, and monitoring).

1. A direct relationship between objectives and enterprise risk management components is depicted in a three-dimensional matrix, in the form of a cube.
   
   
2. The four objectives categories, Strategic, Operations, Reporting, and Compliance, are represented by the vertical columns. The eight ERM components, Objective Setting, Event Identification, Risk Assessment, Risk Response, Control Activities, Information & Communication, and Monitoring, are represented by horizontal rows. An entity's units are represented by the third dimension. This depiction portrays the ability to focus on the entirety of an entity's enterprise risk management.

	Search | Accessibility | Privacy | Information Quality | Contact Us | Site Map | Home