List one benefit of risk management, as well as the rationale behind the selection of the risk management technique. Also conduct a risk assessment on Chase bank to show how risk management contributes to stakeholder wealth maximization.© BrainMass Inc. brainmass.com October 17, 2018, 7:31 am ad1c9bdddf
One benefit of risk management is that the objectives of the business will be realized. In addition, the chances of damaging events become less likely. Risk management protects the business against the unforeseeable. Most importantly the reputation of the organization is maintained.
One risk management technique is the safety case technique. This is a structured argument that gives evidence that shows that the system is as safe as is reasonably practicable. This method has been selected because it demonstrates that identified safety claims are complied with and the risks are kept as low as practicable. This method is based on the principle that the residual risk shall be as low as reasonably practicable.
Chase Bank is JPMorgan Chase ...
The answer to this problem explains the quality of services provided and contingency challenges faced by a specific bank. The references related to the answer are also included.
Discuss internal control principles, documentation, reasonable assurance
2. What principles of internal control apply to most business enterprises?
5. How do documentation procedures contribute to good internal control?
8. The management of Borke Company asks you, as the company accountant, to explain (a) the concept of reasonable assurance in internal control and (b) the importance of the human factor in internal control.
14. Mary Miller Company's internal controls over cash disbursements provide for the treasurer to sign checks imprinted by a check-writer after comparing the check with the approved invoice. Identify the internal control principles that are present in these controls.
19. "The use of a bank contributes significantly to good internal control over cash." Is this true? Why or why not?View Full Posting Details