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What is it an advantage to periodically monitor a corporation’s risk management treatment plan?

The SAT corporation has adopted the practice of reviewing the corporate risk data as collected on a monthly basis, as well as an annual, 5 year, and 10 year basis. At the conclusion of the tax year, the SAT risk manager runs an annual report to present the data risk management information collected and analyzed. Annually, this report is utilized to update the corporation’s risk management plan to remain competitive and profitable.

In an essay address the following questions with supporting detail:

What is it an advantage to periodically monitor a corporation’s risk management treatment plan?

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Why is current reporting of data crucial to the success of SAT corporation?

Why would SAT corporation choose to produce monthly data reports, annual reports, 5 year, and 10 year reports?

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