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