COSO Enterprise Risk Management - Integrated Framework

The Enterprise Risk Management — Integrated Framework was commissioned by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and was authored by PricewaterhouseCoopers on behalf of COSO.  It provides a benchmark for organizations to consider when evaluating and improving their enterprise risk management (ERM) processes. 

Despite all that has been written about ERM, COSO recognized a need for:

• A broadly accepted ERM framework in order to establish common definitions
   
• A direction for organizations to use in determining how to enhance their risk management
   
• Criteria to enable them to evaluate whether their risk management is effective

Initiated in 2001, the project included significant primary and secondary research, extensive analysis of alternative approaches and consideration of comments received during a comprehensive public comment period.  Enterprise Risk Management is one of the few ERM frameworks that has gone through such a rigorous public review process.

Enterprise Risk Management details:

• The essential components of ERM
• The context in which they are effectively implemented
• Key concepts that relate to effective application of the components such as establishing an ERM philosophy, a risk appetite and a portfolio view of risk

The ERM framework builds on COSO's previously issued framework, Internal Control — Integrated Framework, and identifies the interrelationships among ERM, internal control and entity management.

This two-volume set includes:

• Executive Summary and Framework
• Application Techniques

All individuals who work with governance, risk management or compliance matters will benefit from this important resource.

Note: The PDF edition is an electronic download file that will be accessible immediately after completing your purchase. Access to this file – from the My Account > My Downloads page – expires 90 days from purchase date. This product purchase is non-refundable. For more information about this product or service concerns, please contact the AICPA Service Center at service@aicpa.org or call 888-777-7077.