11. Apparatus for enterprise risk management comprising a server and a browser interface, the apparatus operative to implement: an organizational model routine for defining a hierarchical organizational model, with the server, to represent an enterprise, the model having a master level and one or more levels subordinate to the master level, the master level having plural materiality grades and plural probability grades, each subordinate level including one or more entities having a reporting relationship to one of the entities in the preceding level, each entity having plural materiality grades; a collection routine for collecting risk information comprising plural risk items via the browser interface, each risk item associated with a particular entity in the hierarchical organizational model and having a materiality measure and a probability measure; a storage routine for storing the collected risk information in a risk information database; a release routine for releasing said risk information to a next higher level in the hierarchical organizational model for review and approval by an other user through the browser interface upon input from a user indicating approval for release of collected risk information; a risk synonym collection routine for collecting a risk synonym for at least one of the plural master level materiality grades, the risk synonym tying the materiality measure to a language of the particular entity in the hierarchical organizational model; and a display routine for displaying selected portions, via the browser interface, of the collected risk information in an output view that for each selected risk item relates the probability measure to the plural probability grades and the materiality measure to either the plural master level materiality grades or the plural entity level materiality grades depending on a selected level.
20. The apparatus of claim 11 wherein the output routine is further configured to output the materiality measure in terms of the risk synonym.