How to Promote a Risk-Aware Climate in a Risk-Averse Environment
with co-author Chris Matlock Making the Investment to Shift Risk Culture Risk culture, though difficult to define, is one of ...
Tag: Enterprise Risk Management (ERM)
The Committee of Sponsoring Organizations (COSO) points out that ERM, among other things is:
- An ongoing process
- Applied in strategy setting and across the enterprise
- Designed to identify potential events that, if they occur, will affect the entity and to manage risk within its risk appetite
- Provides reasonable assurance regarding the achievement of business objectives
