Erm - Enterprise Risk Management

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Erm - Enterprise Risk Management

By | December 2011
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ERM Paper

Select and complete one of the options.

Option 1

Resources: “7 Essential Elements of Enterprise Risk Management and the Role of Internal Audit” and the Business Regulation simulation on the student website

Review the “7 Essential Elements of Enterprise Risk Management and the Role of Internal Audit” article.

Complete the Business Regulation simulation.

Identify the legal issues presented in the simulation and note the legal principles that apply to each of the issues you identified. Some issues may be more obvious than others. Repeat the simulation as much as needed to be sure you have identified all the legal issues and their corresponding legal principles.

Write a paper of no more than 1,750 words in which you complete the following:

• Identify potential tort risks that were addressed the simulation Classify the type of each of these torts, such as negligence, strict liability, and so on.

• Identify a tort violation from the simulation. Then use the 7-step process as defined in the Harb article to apply the risk management process to mitigate the business risk associated with that violation.

• When legal council was giving you advice in the simulation, what did you consider when deciding to follow or not follow that council?

Format your paper consistent with APA guidelines.

Option 2

Resources: “7 Essential Elements of Enterprise Risk Management and the Role of Internal Audit” and the Product Liability video on the student website Review the “7 Essential Elements of Enterprise Risk Management and the Role of Internal Audit” article. Watch the Product Liability video.

Identify the legal issues presented in the video and note the legal principles that apply to each of the issues you identified. Some issues may be more obvious than others. Write a paper of no more than 1,750 words in which you complete the following:

• Identify potential tort risks that were addressed in the video. Classify the type of...
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