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Enterprise Risk Management

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Enterprise Risk Management

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    1. Enterprise Risk Management Take a Close Look at COSO�s New Internal Control Framework

    2. Eight Components Internal Environment Objective Setting Event Identification

    3. Four Objectives Operations Reporting* Compliance * Reporting is now much more than financial reporting

    4. Internal Environment an entity�s risk management philosophy; its risk appetite and risk culture; oversight by the board of directors; the integrity, ethical values and competence of the entity�s people; management�s philosophy and operating style; and the way management assigns authority and responsibility, and organizes and develops its people.

    5. Objective Setting

    6. Event Identification

    7. Risk Assessment

    8. Risk Response

    9. Control Activities approvals, authorizations, verifications, reconciliations, reviews of operating performance, security of assets, and segregation of duties.

    10. Information and Communication

    11. Monitoring

    12. Internal Environment

    13. OBJECTIVE SETTING

    14. EVENT IDENTIFICATION

    15. RISK ASSESSMENT

    16. RISK RESPONSE

    17. CONTROL ACTIVITIES

    18. INFORMATION & COMMUNICATION

    19. MONITORING

    20. For more information:

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