You have just been hired as an accountant in a local bank. You are called to a meeting with the ERM director. He tells you that the bank is considering a new accounting system and mentions the risks associated with switching to a new system as well as the risks associated with the current accounting system. Then he asks you to come up with a short list of risks associated with both systems. Provide the requested list and include opportunities related to each decision.
What do I need to know about COSO’s ERM Cube components?
What is the ISO 31000 Risk Management Standard?
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