The COSO Enterprise Risk Management Framework addresses new business challenges such as evolving markets, rapid change and increasing regulation standards. In Q3 2017, COSO released an update to address shortfalls of the previous version. Review the COSO ERM framework and areas affected by the 2017 update. Those working with internal controls and especially ERM should attend.
- List the purpose of COSO ERM. Both now and as it existed previously
- Detail changes in ERM in the 2017 update
- Define important concepts such as “Risk Governance” and “Organizational Behaviors”
Level of Difficulty:
- An Overview of COSO ERM Concepts
- 2017 ERM Updates
A basic understanding of Internal Control concepts.
Accounting and other business professionals interested in COSO ERM