When my son was 7-years old he asked me what I did for a living. I explained that “Daddy goes to companies and helps them find where all the bad things are.” Ironically, this definition served me well when I had to explain what ERM was to grown ups. While others were quoting definitions from [...]
Posts Tagged ‘COSO ERM’
ERM, Stephen Covey and my 13-year old son
Posted in ERM Basics, Humour, tagged COSO ERM, ERM, laundry, risk, risk management, Stephen Covey on October 18, 2011 | Leave a Comment »
They will always find a way to screw you
Posted in ERM Basics, Frameworks, Humour, Office and culture, Risk management, tagged Andrew Hill, AS/NZS 4360, COSO ERM, ERM, FT, Globe and Mail, ISO 31000, Maureen Miskovic, Oswald Grübel, risk culture, risk management, UBS on September 20, 2011 | Leave a Comment »
I worked about six shifts at a Burger King in a shopping mall when I was in my teens. I quit because I didn’t care much for wearing the brown pants and hairnet. On my final night, the closing shift, I helped the veterans take the trash out. When we got to the Dumpster my [...]
Rick Nason asks you to snap your fingers
Posted in League of Extraordinary Risk Gentlemen, Thought Leadership, tagged CA, CEO, CFO, COSO ERM, CPA, ERM, RCSA, Rick Nason, risk management, Toronto on February 4, 2011 | 2 Comments »
Risk Nason, one of the members of Riskczar’s Secret League of Extraordinary Risk Gentlemen, asks his readers if they could snap their fingers and switch places with anyone in the world, who would it be. Similarly, he asks if you could switch places with anyone’s risk department, whose would it be? Can you name the [...]
COSO writes about ERM and where to start
Posted in ERM Basics, Thought Leadership, tagged Anderson, COSO ERM, Framework, Frigo, ISO 31000, risk culture, Tetris on January 17, 2011 | Leave a Comment »
You may be shocked to learn that I have finally read something published by and related to COSO which is worth your time to read. (If you’re familiar with Riskczar’s Blog, you would know that I rag on the COSO ERM Framework anytime I get the chance.) COSO’s Embracing Enterprise Risk Management: Practical Approaches for [...]
Leech shares his thoughts on the Board oversight of risk
Posted in Frameworks, Thought Leadership, tagged audit, COSO ERM, disclosure, Norman Marks, regulatory risk, SEC, Tim Leech on December 18, 2009 | Leave a Comment »
Please have a read at what Tim Leech has to say about the SEC’s new enhanced proxy disclosure requirements and new rules around the Board oversight of risk, in his IIA blog found here: http://www.theiia.org/blogs/leech/index.cfm/post/New%20U.S.%20Disclosures%20-%20Board%20Oversight%20of%20Risk He notes that while you will benefit by reading this document, it is not recommend for fireplace reading during the [...]
Is there a best practice ERM framework?
Posted in ERM Basics, Thought Leadership, tagged COSO ERM, enterprise risk, Raef Lawson, risk management on December 17, 2009 | Leave a Comment »
Raef Lawson, Vice President of Research and Professor-in-Residence for the Institute of Management Accountants was interviewed in The Hindu Business Line and asked about the COSO ERM framework. Q: Do you foresee that eventually COSO framework will be considered as the best practice on enterprise risk management? A: We are not sure there really is [...]
More subdued view of ISO 31000
Posted in ERM Basics, Frameworks, tagged 31000, 4360, Chris McClean, COSO ERM, Forrester on December 3, 2009 | Leave a Comment »
Chris McClean, who blogs for Forrester reminds us that ISO 31000 will not be a game-changer nor start a revolution in the immediate future. He agrees with many that organizations will benefit from a “commonly accepted risk vocabulary and a clearly defined process framework for risk management” however the biggest hurdles in risk management do [...]
Happy Thanksgiving – have a turkey
Posted in ERM Basics, Frameworks, Humour, tagged 31000, COSO ERM, Thanksgiving, turkey on November 26, 2009 | 1 Comment »
It’s Thanksgiving in the US, a day traditionally spent with family and marked by the enjoying of a turkey. Well, since the release of ISO 31000 last week, it is pretty clear that COSO ERM framework is the biggest turkey of them all. So give COSO ERM one final read this today. And like eating [...]
More glowing reviews of ISO 31000
Posted in ERM Basics, Frameworks, Risk management, Uncategorized, tagged 31000, Bruce McCuaig, COSO ERM, Tim Leech on November 25, 2009 | 1 Comment »
Bruce McCuaig, VP of risk and compliance at Paisley is very excited about ISO 31000 Risk Management – Principles and Guidelines. He writes “This is 24 pages every assurance professional must read.” To read his complete review, visit his blog here. I think if we get one more review like this to go with Tim [...]
COSO ERM book is like an 8-Track player
Posted in ERM Basics, Frameworks, Humour, My Opinions, tagged 31000, 4360, Cendrowski, COSO ERM, Trevor Levine on November 24, 2009 | 2 Comments »
I have to give my props to Harry Cendrowski and William C. Mair of Cendrowski Corporate Advisors for writing a book about enterprise risk management, but writing one titled “Enterprise Risk Management and COSO: A Guide for Directors, Executives, and Practitioners,” with the word “COSO” right there in the title is troubling to me. The [...]
