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COSO ERM Framework – Background & Overview
The overall context of COSO and some considerations on how to start implementing it at your organization.
About the content
The COSO ERM framework is one of two widely accepted risk management standards that organizations use to help manage risks in an increasingly turbulent, unpredictable business landscape.
The newest COSO ERM framework expands its scope beyond auditing, financial reporting, and compliance and places greater emphasis on the importance of integrating risk considerations with designing and implementing strategies to accomplish the organization’s performance goals and objectives.
In this article, Carol Williams presents the overall context of COSO and point out some considerations on how to start implementing it at your organization.
About the author
Carol Williams
Carol Williams, CRM has over 10 years of experience helping organizations develop customized enterprise risk management tools to support decision-making and strategic planning. She is the founder, CEO and principal consultant of Strategic Decision Solutions and publishes weekly how-to and other articles for fellow risk professionals at her blog, ERM Insights by Carol.
