It must deal more effectively with operational, business, and strategic risks--first by identifying
critical risks, and then by assessing their potential for loss and the effectiveness of management controls over the business processes that give rise to these exposures.
What you want to do with ERM is get all the overseers together to pinpoint and measure the
critical risks confronting the company and then develop a systematic way to manage them," says Ted Senko, CPA, national partner in charge of risk advisory services in the Denver office of KPMG LLP.
Gruesser--asks tough questions about literary and
critical risks when dealing with extraliterary concerns.
