Well-prepared risk management policy system

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Reference no: EM131686117

A risk management program must be implemented and periodically monitored to be effective. This step requires the preparation of a risk management policy statement. The cooperation of other departments is also necessary.

a. What benefits can the firm expect to receive from a well-prepared risk management policy system?

b. Identify several departments within a firm that are especially important in a risk management program.

Reference no: EM131686117

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