Reference no: EM132586397

Question a. Enterprise Risk Management-Integrated Framework (ERM) expands on the elements of the internal control integrated framework and provides an all-encompassing focus on the broader subject of enterprise risk management. The purpose is to achieve all the goals of the control framework.

REQUIRED:

Explain any FIVE (5) basic principles of Enterprise Risk management.

Question b. A payroll service bureau maintains the payroll master data for each of its clients and process payroll for them. A Professional Employer Organization (PEO) not only processes payroll but also provides Human Resource Management (HRM) services such as employee benefit design and administration.

REQUIRED:

Describe why payroll service bureaus and Professional Employer Organizations (PEO) are especially attractive to small and midsized businesses.