Final answer:
ERM and Internal Control frameworks aid in better management practices including Human Resources, Institutional & Corporate Management,
Equal Opportunity Programs, and Security Management & Safeguards, enhancing an organization's ability to manage risks and internal controls effectively.
Step-by-step explanation:
ERM (Enterprise Risk Management) and Internal Control Integrated Frameworks are strategic tools used by organizations to enhance their ability to manage risks and internal controls effectively.
These frameworks assist organizations in creating, preserving, and realizing value while improving their approach to management practices, including Human Resources, Institutional & Corporate Management, Equal Opportunity Programs, and Security Management & Safeguards.
By employing these frameworks, organizations can better align their risk management with their strategic goals, ensuring operational efficiency, reliable financial reporting, compliance with laws and regulations, and safeguarding of assets against potential threats.