Enterprise Risk Management

enterprisingness stake focal point poser creation by Olayimikah Soetan 27 sue 2008 Agenda 1. Introduction to Enterprise try Management (ERM) 2. The Organization 3. The COSO ERM Framework 4. The 8 Components 5. outline 6. Conclusion 2 2 Introduction to Enterprise search Management (ERM) 3 3 1.1 In the Past market place assay Reputational put on the line Credit guess Legal guess Settlement Risk Operational Risk Liquidity Risk All these risks were set in silos 4 1.2 In new-made Years Interactions Credit Risk Market Risk Reputational Risk Settlement Liquidity Risk Risk Operational Risk Legal Risk Portfolio View Holistic onward apparent movement to Risk Management 5 1.3 ERM Defined a process, established by an entitys board of directors, focal point and other personnel, utilise in strategy position and across the enterprise, designed to disclose potential events that may affect the enti ty, and exert risks to be at bottom its risk liking, to provide reasonable arrogance regarding the achievement of entity objectives. informant: COSO Enterprise Risk Management coordinated Framework. 2004. 6 1.

4 About COSO ?COSO is an acronym for the Committee Of Sponsoring Organizations of the Treadway Commission ?A voluntary undercover sector organization dedicated to improving the quality of financial reporting through business ethics, efficient internal control, and structured governance ?The National Commission was jointly sponsored by cinque major professional associations in the U nited States i.e. 7 1.5 COSO Benef! its of ERM ? line up risk appetite and strategy Considering risk appetite when setting objectives, evaluation strategic alternatives or developing controls ?Enhancing risk reaction decisions Identifying and selecting risk responses: avoidance, etc ?Reducing running(a) surprises and losses Foreseeing risk events and heading by losses ?Improving deployment of capital Using risk...If you requirement to transmit a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay