Focusing on risk assessment and management

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Reference no: EM133622383

Question

Both GRC and ERM are frameworks for managing risk inside a company, but they use different approaches and have different areas of concentration. The three main areas of concentration for GRC are governance, risk management, and internal and external law and regulation compliance. However, Enterprise Risk Management (ERM) is concerned with understanding, assessing, and reducing overall risk to the firm. It does this by focusing on risk assessment and management across all business operations.

Reference no: EM133622383

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Focusing on risk assessment and management : It does this by focusing on risk assessment and management across all business operations.

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