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ERM Crossword

Across
Actions performed to correct an issue.
A series of activities, performed to meet defined objectives within a function.
Part of Early Warning's Three-Lines of Defense (3LOD) Program; this tool provides employee resource to report risk and control issues.
The risk that exists in the absence of any actions that could be taken to alter either the risk's Likelihood or Impact.
Refers to a lack of policy/procedure, internal control(s), or ineffective controls that were expected to prevent or detect risks.
Down
The result or effect of an event.
The subsequent risk that remains after taking into consideration the Strength of Controls.
Refers to potential events and/or root causes that will likely lead to increased risk levels.
The possibility that an event will occur.
The possibility of an event occurring that negatively impacts the success of a goal or objective.