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Posts: 182
2 months ago
Describe the steps in the development of a company's risk assessment and response strategy.
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Accounting Information Systems
Edition: 14th
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Posts: 154
2 months ago
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Steps in the development of a company's risk assessment and response strategy include: (1) Identify the events, or threats, that confront the company. (2) Estimate the impact, or potential loss, from each threat. (3) Identify controls to guard against each threat. (4) Estimate the costs and benefits from instituting controls. (5) Reduce risk by implementing controls to guard against the threat.
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2 months ago
Good timing, thanks!
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