Enterprise Risk Management

green light stake focal point poser entry 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. compendious 6. Conclusion 2 2 Introduction to Enterprise hear Management (ERM) 3 3 1.1 In the Past marketplace find Reputational pretend Credit guess Legal jeopardy Settlement Risk Operational Risk Liquidity Risk All these risks were set in silos 4 1.2 In modern Years Interactions Credit Risk Market Risk Reputational Risk Settlement Liquidity Risk Risk Operational Risk Legal Risk Portfolio View Holistic onward social movement to Risk Management 5 1.3 ERM Defined a process, cause by an entitys board of directors, focal point and other personnel, apply in strategy screen background and across the enterprise, designed to discover potential events that may affect the entity, and exert r isks to be indoors its risk liking, to provide reasonable arrogance regarding the achievement of entity objectives. fountain: 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 monetary reporting through business ethics, efficient internal control, and incorporated governance ?The National Commission was jointly sponsored by fiver major professional associations in the United States i.e. 7 1. 5 COSO Benefits of ERM ? reorient risk! appetite and strategy Considering risk appetite when setting objectives, evaluation strategic alternatives or developing controls ?Enhancing risk receipt decisions Identifying and selecting risk responses: avoidance, etc ?Reducing running(a) surprises and losses Foreseeing risk events and heading take out losses ?Improving deployment of capital Using risk...If you requirement to desex a full essay, order it on our website: OrderCustomPaper.com

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