Activity
Set risk tolerances
Set objective ICS ERM
Description
Comment
"Performance measures are aligned to help ensure that actual results will be within the acceptable risk tolerances. In setting risk tolerances, management considers the relative importance of the related objectives and aligns risk tolerances with risk appetite. Operating within risk tolerances provides management greater assurance that the entity remains within its risk appetite and, in turn, provides a higher degree of comfort that the entity will achieve its objectives."
COSO
Organisation
Responsible
Senior Management
Input/Output
Input data
Entity objectives
Risk strategy
Output data
Risk strategy
Entity objectives