Effective enterprise-wide risk management (ERM) can help audit committees to meet the growing business and regulatory challenges they face. Yet, a far-reaching study carried out by PricewaterhouseCoopers into ERM in the insurance industry found that many companies are still struggling to get beyond the design and planning stage of ERM.
Drawing on the findings of the study, this paper looks at how to maximize the benefits of ERM for audit committees and the business as a whole.
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