COSO Enterprise Risk Management Framework
July 25, 2018 Norman D. Marks, CPA, CRMA Business and Legal Issues, Corporate Administration, Finance and Accounting, IT, Privacy and Security, Leadership and Management, Sales, Marketing and Operations
This article discusses consolidated risk exposure and different risk management tools.
consolidated risk exposure, COSO, COSO Enterprise Risk Management Framework, enterprise risk management, risk management tools
April 25, 2018 Norman D. Marks, CPA, CRMA Accounting Systems and Controls, Backup and Disaster Planning, Business and Legal Issues, Competition, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, IT, Privacy and Security, Leadership and Management
The board is discharging its responsibilities to ensure stakeholders get the performance they should: value creation as well as (and not just) value protection. The board should make sure the management team is effective in running the organization, and that is not done by focusing on a list of harms. Effective governance of an organization is limited if the board focuses on risks.
achievement of objectives, COSO Enterprise Risk Management Framework, COSO ERM 2017, effective management, risk governance, risk management frameworks, risk oversight, risk strategy, risk to objectives
April 4, 2018 Norman D. Marks, CPA, CRMA Accounting Systems and Controls, Backup and Disaster Planning, Budgeting and Auditing, Business and Legal Issues, 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
Neither the ISO nor the COSO updates will, in my opinion, move the understanding and practice of ‘risk management’ to where they need to be. The updates are small steps when leaps were required.
COSO Enterprise Risk Management Framework, COSO ERM, ISO 31000:2018, risk, risk management, risk management standard
July 12, 2017 Norman D. Marks, CPA, CRMA Business and Legal Issues, Corporate Administration, Leadership and Management
If you don’t focus on the achievement of objectives, but instead manage individual risks, how do you know whether you are likely to achieve them – or the possibility of exceeding them?
business decisions, COSO 2017 ERM, COSO Enterprise Risk Management Framework, COSO ERM Framework, managing risk, risk, risk management
June 14, 2017 Norman D. Marks, CPA, CRMA Business and Legal Issues, Corporate Administration, Leadership and Management
PwC’s latest Risk In Review study makes some very interesting points. It carries the title of “Managing risk from the front line” and I recommend downloading and reading it.
business decisions, COSO Enterprise Risk Management Framework, COSO ERM Framework, managing risk, risk, risk management
