Book description
Praise for COSO Enterprise Risk Management
"COSO ERM is a thoughtful introduction to the challenges of risk
management at the enterprise level and contains a wealth of
information on dealing with it through the use of the COSO
framework. Detailed procedures covering a wide variety of
situations are followed by a thorough explanation of how each is
deployed. As a project management professional, I appreciate how
the author addresses the need for risk management at a project
level. His background as someone who 'practices what they preach'
and realizes the impact of the Sarbanes-Oxley auditing rules comes
through clearly in the book, and it should be mandatory reading for
anyone seeking to understand how to tackle their own ERM
issues."
--Greg Gomel, PMP, CQM, CSQE, ITIL, Director, Project Management,
Insight North America
"This volume clearly and comprehensively outlines the usefulness
of COSO Enterprise Risk Management guidance. It should provide
considerable benefit to those having governance responsibilities in
this important area."
--Curtis Verschoor, L & Q Research Professor, School of
Accountancy and MISDePaul University, Chicago
Transform your company's internal control function into a
valuable strategic tool
Today's companies are expected to manage a variety of risks that
would have been unthinkable a decade ago. More than ever, it is
vital to understand the dimensions of risk as well as how to best
manage it to gain a competitive advantage.
COSO Enterprise Risk Management clearly enables
organizations of all types and sizes to understand and better
manage their risk environments and make better decisions through
use of the COSO ERM framework.
A pragmatic guide for integrating ERM with COSO internal
controls, this important book:
Offers you expert advice on how to carry out internal control responsibilities more efficiently
Updates you on the ins and outs of the COSO Report and its emergence as the new platform for understanding all aspects of risk in today's organization
Shows you how an effective risk management program, following COSO ERM, can help your organization to better comply with the Sarbanes-Oxley Act
Knowledgeably explains how to implement an effective ERM program
Table of contents
- Copyright
- Preface
- 1. Importance of Enterprise Risk Management Today
- 2. Risk Management Fundamentals
- 3. Components of COSO ERM
- 4. COSO ERM Organizational Objectives
-
5. Implementing an Effective ERM Program
- Roles and Responsibilities of an ERM Function
- ERM Communications Approaches
- CRO and an Effective Enterprise Risk Management Function
- Notes
-
6. Integrating ERM with COSO Internal Controls
- COSO Internal Controls: Background and Earlier Legislation
-
COSO Internal Control Framework
- COSO Internal Controls Framework Model
- Board of Directors and Audit Committee
- Management’s Philosophy and Operating Style
- Enterprise Structure
- Assignment of Authority and Responsibility
- Human Resources Policies and Practices
- COSO Internal Control Environment in Perspective
- COSO Internal Controls and COSO ERM Compared
- Notes
-
7. Sarbanes-Oxley and COSO ERM
- Sarbanes-Oxley Background
- SOx Legislation Overview
- SOx and COSO ERM
- Notes
- 8. Importance of ERM in the Corporate Board Room
-
9. Role of Internal Audit in ERM
- Internal Audit Standards for Evaluating Risk
- COSO ERM for More Effective Internal Audit Planning
- Risk-based Internal Audit Findings and Recommendations
- COSO ERM and Internal Audit
- Notes
- 10. Understanding Project Management Risks
- 11. Information Technology and ERM
- 12. Establishing an Effective Risk Culture
- 13. ERM Worldwide
- 14. COSO ERM Going Forward
Product information
- Title: COSO Enterprise Risk Management: Understanding the New Integrated ERM Framework
- Author(s):
- Release date: April 2007
- Publisher(s): Wiley
- ISBN: 9780471741152
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