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At the end of Chapter 12, there are 4 questions.  Answer each question in a Word document.

QUESTIONS

1. How do Key Risk Indicators help companies identify emerging risks?

2. How do Key Performance Indicators help companies to manage existing risks?

3. If measuring performance is not a component of an ERM program, what is the effect on

the overall quality of the program?

4. How can the Board be confident in the information reported on management’s progress

in responding to significant risks?

Discussion Question:

Measuring and Selecting an ERM Framework