COSO Enterprise Risk Management – Integrated Framework CD-ROM

Over a decade ago, the Committee of Sponsoring Organizations [COSO] issued Internal Control - Integrated Framework to help organizations assess and enhance their internal control systems.  Since then, the passage of the Sarbanes-Oxley Act extends the long-standing requirement for public companies to maintain systems of internal control and requires management to certify and the independent auditor to attest to the effectiveness of those systems.  Many organizations, however, are looking beyond internal control at an enterprise-wide approach to managing risk.  That's where this new COSO report comes in.

COSO is issuing "Enterprise Risk Management - Integrated Framework" which expands on internal control and provides a more robust focus on the broader subject of enterprise risk management.  Many companies will look to this enterprise risk management framework both to satisfy their internal control needs and to move towards a fuller risk management process.

Objectives:

• The scope, key concepts and key elements of the new COSO framework on enterprise risk management
• The relationship of enterprise risk management to internal control
• What's ahead with respect to the related application guidance

Prerequisite: None

NASBA Field of Study: Accounting
Level: Basic Recommended
CPE Credit: 4

Moderator:
John Hudson, CPA

Speakers:
Al Anderson, CPA
Miles Everson, CPA
Tony Maki, CPA

John F. Hudson, CPA

John F. Hudson, CPA is the President of Hudson Consulting Group, LLC. Prior to founding Hudson Consulting Group, LLC in 2002, John was one of the original founders of CPA2Biz, Inc., the exclusive marketing agent of the American Institute of CPAs. John has more than 25 years experience in the practice of public accounting, business strategy, product development and entrepreneurship.

Hudson Consulting Group, LLC, provides business & product strategy consulting services to CPA firms and organizations serving the CPA profession. Previously, John served in a number of senior capacities at CPA2Biz, Inc. including leading corporate strategy, managing a multi-million dollar business unit, and leading the organization's corporate marketing and communications efforts. Prior to CPA2Biz, John served as the Chief Knowledge Officer and in various senior business and technical roles at the AICPA. He also spent 15 years at KPMG, one of the nation's leading accounting and consulting firms.

An authority on the evolution of the accounting profession and the challenges faced by CPAs, John regularly speaks on issues of concern to CPAs. He has been quoted in leading business publications, including The Wall Street Journal, The Wall Street Journal - Europe Edition, The Cleveland Plain Dealer, Bloomberg Business News and virtually every trade publication addressing the CPA profession.

John is a member of the American Institute of CPAs and a former member of the U.S. delegation to the International Accounting Standards Board and the Journal of Accountancy Editorial Advisory Board. He is also a member of the Advisory Board of the Graduate School of Business at Florida State University

John is a Certified Public Accountant [CPA] and holds a Master of Business Administration [MBA] degree from Florida State University and a Bachelor of Arts degree from the University of West Florida.

Back to Top

Al Anderson, CPA

Alan W. Anderson is AICPA's Senior Vice President for Member and Public Interests. In this capacity, he is responsible for all of AICPA's technical standards and services to the accounting profession, including the profession's self-regulatory and CPA examination developmental activities. He also oversees the AICPA's Member Innovation area which includes: Financial Planning, Business Assurance and Advisory Services, Firm Practice Management, Research & Innovation, Membership Section and Accreditation. In addition, he oversees, Tax Division and New Finance areas.

Since joining the Institute in 1997, he has been especially active in developing the Institute's initiatives to prepare the profession for the future. In that regard, he has worked to develop continuous audit and assurance approaches as well as expanding system auditing using Systrust.

Prior to joining AICPA, Mr. Anderson was line partner and national director of audit with McGladrey and Pullen, LLP in Minneapolis. He is a member of the Information Systems Audit and Control Association, the Minnesota Society of CPAs, and the AICPA."

Mr. Anderson earned his BS in Accounting at the Southwest State University, Marshall, MN in 1979.

Back to Top

Miles Everson, CPA

Miles Everson is a partner in our Advisory Services Practice and leads PwC's U.S. Financial Services - Finance, Operations, Risk and Compliance practice as well as its Advisory practice in the Carolinas . Miles has over eighteen years of risk and control advisory experience, with more than ten years being focused on providing enterprise risk management solutions to various companies. His current responsibilities include serving as the engagement partner on a project for the Committee of Sponsoring Organizations to develop an Enterprise Risk Management Integrated Framework along with supporting application guidance. The objective of this project is to establish a widely accepted definition and view of enterprise risk management that is used by companies to not only use as a basis to design and implement enterprise risk management programs, but to also compare how they are addressing enterprise risk management to this widely accepted framework.

Miles' experience includes leading large complex organizations through the process of designing and implementing frameworks for governance, enterprise risk management and operational risk management. Miles is routinely advises large financial institutions on the design and adoption methodologies, processes, standards, and technology to effect integration of financial governance with operational risk management, and enterprise risk profiling and reporting.

Miles is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants. Miles graduated from St. Cloud State University with a B.S. in Accounting.

Back to Top

Tony Maki, CPA

Tony has over 28 years of accounting, tax, and consulting services with Moss Adams. His major responsibilities include: (1) Managing Partner of the consulting division of Moss Adams, known as Moss Adams Advisory Services, (2) Chairman of Health Care Services niche firm wide, (3) Partner in-charge of the audit practice in one of the practice offices, (4) Extensive individual, corporate, and partnership tax planning, and (5) Oversees all services to a number of large middle market companies. In addition to the audit and tax services, he is involved in consulting services such as Strategic Planning, Risk Analysis and Operational Reviews.

Tony is a member of the American Institute of CPAs, Washington Society of CPAs, the joint AICPA/CICA Task Force on Enterprise Risk Management, and Chair of the COSO ERM Advisory Council.

Back to Top