Premium Essay

Enterprise Risk Assessment, Audit, and Cyberlaw

In:

Submitted By pcmonty
Words 623
Pages 3
Phillips C Montgomery
American Military University
Enterprise Risk Assessment, Audit, and Cyberlaw

Enterprise Risk Assessment, Audit, and Cyber law
Enterprise Risk Assessment “Today’s business world is constantly changing—it’s unpredictable, volatile, and seems to become more complex every day. By its very nature, it is fraught with risk.” (PWC, 2008) Risk assessment provides us with a process which enables us to identify which risks symbolize opportunities and which represent possible dangers. Correctly performed, a risk assessment gives organizations a clear assessment of variables to which the organization could be exposed to, these could be indemnified either as internal or external, retrospective or forward-looking. A company faces many issues when it comes to operating a business; they included risks such as IT risks, operations risk, financial risks, strategic market risks, legal risks, reputation risks, and human capital risks. For the risk assessment to provide significant finding, certain important values should be considered. Your organization’s objectives that drives your values should be considered at the beginning and end of this risk assessment. These objectives offer the basics for determining the effectiveness and probability of your organization’s risk rating. Control throughout the assessment process need to be clearly known and followed to nurture a holistic approach and a portfolio view—one that will provide you the best responses based on the organization’s risk ratings and the overall risk appetite and tolerance. This will provide to you the important indicators which will also provide you the ability to foresee opportunities and possible risk before they burden the organization. With these foundational principles in mind, the risk assessment process can be periodically refreshed to deliver the best

Similar Documents

Premium Essay

Enterprise Risk Assessment, Audit, and Cyberlaw

...Name University Enterprise Risk Assessment, Audit, and Cyberlaw Enterprise Risk Assessment, Audit, and Cyber law Enterprise Risk Assessment “Today’s business world is constantly changing—it’s unpredictable, volatile, and seems to become more complex every day. By its very nature, it is fraught with risk.” (PWC, 2008) Risk assessment provides us with a process which enables us to identify which risks symbolize opportunities and which represent possible dangers. Correctly performed, a risk assessment gives organizations a clear assessment of variables to which the organization could be exposed to, these could be indemnified either as internal or external, retrospective or forward-looking. A company faces many issues when it comes to operating a business; they included risks such as IT risks, operations risk, financial risks, strategic market risks, legal risks, reputation risks, and human capital risks. For the risk assessment to provide significant finding, certain important values should be considered. Your organization’s objectives that drives your values should be considered at the beginning and end of this risk assessment. These objectives offer the basics for determining the effectiveness and probability of your organization’s risk rating. Control throughout the assessment process need to be clearly known and followed to nurture a holistic approach and a portfolio view—one that will provide you the best responses based on the organization’s...

Words: 619 - Pages: 3

Free Essay

Your Mom

...through your degree program is governed not by classes but by satisfactory completion of the required courses that demonstrate your mastery of the competencies. Of course, you will need to engage in learning experiences as you brush up on competencies or develop knowledge and skills in areas in which you may be weak. For this learning and development, WGU has a rich array of learning resources in which you may engage under the direction of your student mentor. You will work closely with your mentor to schedule your program for completing the courses. You will also work closely with additional faculty members as you proceed through courses of study that are designed to lead you through the content you must master in order to pass the assessment(s) for each course. The benefit of this competency-based system is that it makes it possible for people who are knowledgeable about a particular subject to make accelerated progress toward completing a WGU degree, even if they lack college experience. You may have gained skills and knowledge of a subject while on the job,...

Words: 4226 - Pages: 17

Premium Essay

Doing Business in Malaysia

...Patents Trade Marks Industrial Design Layout Design of Integrated Circuits Geographical Indications 19 PKF – Doing business in Malaysia 2 Chapter 3 - Business Structure • • • • • • • • • • • • • Types of business structures Companies limited by shares Companies limited by guarantee Foreign companies and foreign investments Sole proprietorship and partnerships Trusts 24 Chapter 4 - Business Finance Equity financing Loan Funding Grants & soft loans 28 Chapter 5 - Investment Incentives Manufacturing Multimedia Super Corridor Status Operational Headquarters International Procurement Centres / Regional Distribution Centres 35 Chapter 6 - Accounting • • • • • • • • • • • • Statutory Accounting Requirements Audit Requirements Accounting Standards 60 Chapter 7 - Taxation Overview of taxes in Malaysia Scope of taxes: Residency Sources of income liable to tax The Tax Year Payment of Tax Corporation tax Interest Deductions Interaction with International Tax Regime Taxation of Partnerships & Trusts PKF – Doing business in Malaysia 63 3 • • • • • • • • • • • • Real Property Gains Tax Sales Tax Service Tax Stamp Duty Import Duty Chapter 8 - Foreign Personnel & Immigration Passport and Visa Requirements Employment of Expatriate Personnel Employment of Foreign Labour Work permits Permanent residence The “Malaysia My 2nd Home” Programme Accommodation rates 81 Useful...

Words: 23067 - Pages: 93