It looks like the long-awaited new International Standard, ISO 31000:2009, Risk management – Principles and guidelines is finally out and can be yours for only CHF 112, or about USD 110 or CAD 116. Here’s the link to the press…
Internal auditors get my goat
Here’s one of those articles that would get my goat if I owned a goat. It’s the typical rah-rah article about how wonderful ERM is and everyone should be doing it. (I am always a proponent of those.) But the…
COSOmosis
Every time COSO releases a white paper or some thought leadership on ERM, I make a fresh pot of coffee, grab a large bag of M&Ms from Wal-Mart then sit down to read it. COSO just released new document called…
Risk managers are like janitors
This is a bit of a re-post but it seems appropriate following a comment I received earlier where the reader asks: “How can you convince a small business owner to invest resources into something that they cannot see a value…
ERM survey by Journal of Accountacy
The results of a recent survey appear in the Journal of Accountancy. Normally you wouldn’t find me reading anything of the sort but it was titled “ERM: Opportunities for Improvement” so how could I resist? Their survey supports quantitatively what…
What to get a risk manager for Christmas
This Christmas season, when you don’t know what to get the one you love because they already have a Nintendo Wii, iPod Touch or Beatles Rock Band, why not give them the gift of voluntary risk management guidelines, the ISO…
ERM policy for United Nations agency
It’s nice to see that an agency of the United Nations, The International Fund for Agricultural Development (www.IFAD.org), has an enterprise risk management policy. This one is pretty straightforward with a good format and definitions. IFAD ERM policy (Riskczar).pdf They…
Case study – ERM at Hydro One
If I got together with all the other enterprise risk management practitioners and thought leaders, and spend a day filling in an Ishikawa diagram looking for root causes for why ERM has not achieved rock star status (or at the…
H. Felix Kloman – COSO ERM vs ANZ 4360 Deathmatch
Here’s a 2003 article written by Mr. Kloman where he reviews a draft version (at the time) of 4360 and one of COSO ERM authored by PwC. Although he is not reviewing the final versions, one can still draw similar…
PwC – ERM for educational institutions
Earlier today, I wrote about how ERM works for all organizations, including educational institutions. If you are interested in more on that topic, have a look at the attachment. I picked it up a few years ago when I worked…