COSO Enterprise Risk Management: Establishing Effective Governance, Risk, and Compliance Processes: 560

Praise for COSO Enterprise Risk Management COSO ERM is a thoughtful introduction to the challenges of risk management at the enterprise level and contains a wealth of information on dealing with it through the use of the COSO framework. Detailed procedures covering a wide variety of situations are followed by a thorough explanation of how each is deployed. As a project management professional, I appreciate how the author addresses the need for risk management at a project level. His background as someone who 'practices what they preach' and realizes the impact of the Sarbanes-Oxley auditing rules comes through clearly in the book, and it should be mandatory reading for anyone seeking to understand how to tackle their own ERM issues. --Greg Gomel, PMP, CQM, CSQE, ITIL, Director, Project Management, Insight North America This volume clearly and comprehensively outlines the usefulness of COSO Enterprise Risk Management guidance. It should provide considerable benefit to those having governance responsibilities in this important area. --Curtis Verschoor, L & Q Research Professor, School of Accountancy and MISDePaul University, Chicago Transform your company's internal control function into a valuable strategic tool Today's companies are expected to manage a variety of risks that would have been unthinkable a decade ago. More than ever, it is vital to understand the dimensions of risk as well as how to best manage it to gain a competitive advantage. COSO Enterprise Risk Management clearly enables organizations of all types and sizes to understand and better manage their risk environments and make better decisions through use of the COSO ERM framework. A pragmatic guide for integrating ERM with COSO internal controls, this important book:* Offers you expert advice on how to carry out internal control responsibilities more efficiently* Updates you on the ins and outs of the COSO Report and its emergence as the new platform for understanding all aspects of risk in today's organization* Shows you how an effective risk management program, following COSO ERM, can help your organization to better comply with the Sarbanes-Oxley Act* Knowledgeably explains how to implement an effective ERM program COSO Enterprise Risk Management is the invaluable working resource that will show you how to identify risks, avoid pitfalls within your corporation, and keep it moving ahead of the competition.

Gearing your organization up to develop and follow an effective risk culture, COSO Enterprise Risk Management, Second Edition presents COSO ERM as the optimal way of looking at all aspects of risk management in today's organization, equipping professionals to better understand the COSO ERM framework and make maximum use of this tool in evaluating the risks associated with all business decisions.Using the COSO ERM framework's model and terminology, this book reveals how compliance with well-recognized and mandated standards are important for every organization and how a corporation can demonstrate that it is following best practices and is in conformity with regulatory rules. The Second Edition thoroughly provides the latest guidance on relevant topics including:How COSO ERM is an important element in enterprise governance, risk, and compliance (GRC) processesThe PCAOB's release of AS5, calling for enterprises to perform "top-down" risk analyses of their own internal controlsISACA's recently revised COBIT (Control Objectives for Information-related Technology)Recently released standards from the Institute of Internal Auditors (IIA) specifying that internal auditors must assess risks when performing their internal auditsThe AICPA's recently released Risk Assessment Standards for private companiesISO 3100, a new international standard on risk managementThe new Open Compliance and Ethics Group (OCEG) risk guidanceInformation technology and ERM including discussion of application systems risks, effective continuity planning, and risks to systems network access including worms and virusesHelping business professionals, from staff internal auditors to corporate board members, understand risk management in general and make more effective use of the new COSO ERM risk management framework, COSO Enterprise Risk Management, Second Edition shows you how to master the various aspects of enterprise risk management¿and succeed.