risk profile
November 15, 2017 Norman D. Marks, CPA, CRMA Accounting Systems and Controls, Backup and Disaster Planning, Budgeting and Auditing, Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, IT, Privacy and Security, Leadership and Management, Network, Systems and Data Security, Sales, Marketing and Operations, Systems and Data Management
It has been 13 years since the original COSO ERM Framework and eight years since ISO 31000:2009 was published. The updated COSO ERM Framework was an opportunity for COSO to “leap forward”. But did it?
COSO ERM Framework, enterprise risk management, ERM, ISO 31000:2009, risk, risk appetite, risk management, risk profile, strategy-setting
November 8, 2017 Norman D. Marks, CPA, CRMA Accounting Systems and Controls, Backup and Disaster Planning, Budgeting and Auditing, Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, IT, Privacy and Security, Leadership and Management, Network, Systems and Data Security, Sales, Marketing and Operations, Systems and Data Management
My impression is that COSO only tinkered with the draft. But, have they done enough to move practices forward, in the right direction? Will this update change the percentage of executives answering the piercing question by Deloitte, “Does risk management support, at a high level, the ability to develop and execute business strategies”, up from 13% close to 80%?
COSO ERM draft, COSO ERM Integrated Framework, ERM draft, risk appetite, risk management, risk profile, risk register
