The COSO Enterprise Risk Management (ERM) framework provides a basis for coordinating and integrating all of an organization’s risk management activities. Effective integration (1) improves decision making and (2) enhances performance ERM is based on the premise that every organization exists to provide value to its stakeholders. ERM is defined as “the culture, capabilities, […]
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You would agree that “Effective corporate governance relies heavily on effective systems of (1) Internal control and (2) Enterprise risk management.” The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has established a widely accepted framework for each system. The COSO framework consists primarily of: A definition of internal control Categories of objectives […]
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