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…
Tag Archive for COSO ERM
They will always find a way to screw you
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,…
Rick Nason asks you to snap your fingers
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…
COSO writes about ERM and where to start
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…
Leech shares his thoughts on the Board oversight of risk
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…
Is there a best practice ERM framework?
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…
More subdued view of ISO 31000
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…
Happy Thanksgiving – have a turkey
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…
More glowing reviews of ISO 31000
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…
COSO ERM book is like an 8-Track player
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…