the recession has forced business to place more focus on the management risk relating to all aspect to their business. Such management is broadly defined as "enterprise risk management" erm, which describes the set of activities that business undertake to deal with all the diverse risks that the face it in a holistic/strategic/integrated method. These risk include financial, strategic, operational, hazardous, and compliance risks, spaning through the organization. Many of such risks have significant impact on the profitability, effectiveness, and reputation of business enterprises