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Assignment : ERM Roadmap
The following material may be useful for the completion of this assignment. You may refer to the documents titled “Embracing Enterprise Risk Management: Practical Approaches for Getting Started” and “Developing Key Risk Indicators to Strengthen Enterprise Risk Management”, located at http://www.coso.org/-ERM.htm.
Imagine you are an Information Technology Manager employed by a business that needs you to develop a plan for an effective Enterprise Risk Management (ERM) program. In the past, ERM has not been a priority for the organization. Failed corporate security audits, data breaches, and recent news stories have convinced the Board of Directors that they must address these weaknesses. As a result, the CEO has tasked you to create a brief overview of ERM and provide recommendations for establishing an effective ERM program that will be used as a basis to address this area moving forward.
Write a three to four (3-4) page paper in which you:
Your assignment must follow these formatting requirements:
It Audit And Control Assignment : Erm Roadmap
Length: 9 pages (1750 Words)
The ERM Roadmap is an exclusive three-day training program expanded by the Institute in business with our Corporate Members as well as offers a practical direct to Enterprise Risk Management planned to enable management along with risk professionals to recognize and work through the key perceptions of ERM.
1. “The COSO Risk Management Framework as well as COSO’s ERM process.”
COSO Risk Management Framework
The “Committee of Sponsoring Organisations” (COSO) was started in the mid-1980s, firstly to sponsor explore the causes of deceitful financial reporting. Its present mission is to: ‘give thought management through the growth of comprehensive structures and direction on enterprise risk supervision, internal control as well as fraud avoidance designed to get better organizational performance as well as supremacy and to decrease the extent of fraud in administrations.’ (.coso, 2014)