COSO Issues Important Update to ERM Framework
Sep 06, 2017
On September 6, 2017, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its highly anticipated ERM Framework "Enterprise Risk Management–Integrating with Strategy and Performance."
This new document builds on its predecessor, Enterprise Risk Management–Integrated Framework, one of the most widely recognized and applied risk management frameworks in the world. The updated edition is designed to help organizations create, preserve, and realize value while improving their approach to managing risk.
The update highlights the importance of enterprise risk management in strategic planning. It also emphasizes embedding ERM throughout an organization, as risk influences strategy and performance throughout the organization.
Review the press release, an executive summary and FAQ on the COSO's website.
