Discuss how enterprise risk management, internal control, and IT controls are related
What will be an ideal response?
the enterprise risk management encompasses internal control, and IT control encompasses the IT control.
Enterprise risk management can be defined as integrating risk with concept of internal control, SOX, and enterprise strategic planning. This makes the internal control a subset of enterprise risk management. IT control can be defined as a set of specific tasks carried out by the enterprise designed to ensure that business IT objectives are met, thus IT control is a subset of internal control.
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