×
Publications
COSO Enterprise Risk Management -- Integrated Framework (2004)
This 2004 COSO document provides a benchmark for organizations to consider when evaluating and improving their enterprise risk management processes.

If you are purchasing a product in one of the following formats, please check the system requirements below:

Online Professional Library
The AICPA Online Professional Library will operate in a variety of configurations, but only the configuration described below is supported by our technicians:

  • Windows 7+ (Latest Microsoft Edge, Internet Explorer, Firefox or Chrome)

eBooks through VitalSource®

Operating Systems:

  • Windows 7/8/8.1/10 (32/64 bit)
  • Mac (OS X 10.9 or later)

Browsers:

  • Chrome (stable channel)
  • Firefox (release channel)
  • Safari 9+
  • Internet Explorer 11+
  • Microsoft Edge
  • Mobile Safari 9+
  • Chrome for Android (stable channel)

Mobile:

  • iPhone (iOS 10 or later)
  • iPad (iOS 10 or later)
  • Android Smartphone 5.0 or later
  • Android Tablet (Android OS 5.0 or later)
  • Kindle Fire (OS 5 or later)

VitalSource supports the current browser version.

Other Software Needs
To access your Interactive eBook on your tablet, desktop or mobile device, download the appropriate VitalSource Bookshelf app. Downloading this product will require an account with the third-party vendor and your data will be treated according to the vendor’s terms and conditions.

IMPORTANT:

  • eBooks are intended for a single user only.
  • eBooks are accessible immediately after completing your purchase. Access to the link on the AICPA Store expires one year from the purchase date. You must create a VitalSource account before this time elapses in order to have continued access.
  • This product is refundable within 14 days of your purchase date if no more than 20% of the content was accessed.

Read our eBook Tutorial and see our FAQ for more information.

PDF

  • Adobe® Acrobat® Reader 8 or higher
Product details

The 2017 update is now available. Click here.

In response to a need for principles-based guidance to help entities design and implement effective enterprise-wide approaches to risk management, COSO issued the Enterprise Risk Management – Integrated Framework in 2004. This framework defines essential enterprise risk management components, discusses key ERM principles and concepts, suggests a common ERM language, and provides clear direction and guidance for enterprise risk management. The guidance introduces an enterprise-wide approach to risk management as well as concepts such as: risk appetite, risk tolerance, portfolio view. This framework is now being used by organizations around the world to design and implement effective ERM processes.

Despite all that has been written about ERM, COSO recognized a need for:

  • A broadly accepted ERM framework in order to establish common definitions
  • A direction for organizations to use in determining how to enhance their risk management
  • Criteria to enable them to evaluate whether their risk management is effective

Initiated in 2001, the project included significant primary and secondary research, extensive analysis of alternative approaches and consideration of comments received during a comprehensive public comment period. Enterprise Risk Management is one of the few ERM frameworks that has gone through such a rigorous public review process.

Enterprise Risk Management details:

  • The essential components of ERM
  • The context in which they are effectively implemented
  • Key concepts that relate to effective application of the components such as establishing an ERM philosophy, a risk appetite and a portfolio view of risk

The ERM framework builds on COSO's previously issued framework, Internal Control — Integrated Framework, and identifies the interrelationships among ERM, internal control and entity management.

This two-volume set includes:

  • Executive Summary and Framework
  • Application Techniques

All individuals who work with governance, risk management or compliance matters will benefit from this important resource.

Note: The PDF edition is an electronic download file that will be accessible immediately after completing your purchase. Access to this file – from the My Account > My Downloads page – expires 90 days from purchase date. This product purchase is non-refundable. For more information about this product or service concerns, please contact the AICPA Service Center at service@aicpa.org or call 888-777-7077.

NOTE: Participating members -- including student and educator members -- of the COSO organizations are eligible to receive copies of this framework document at the member price shown above. If you are a member of any one of the organizations listed below, please enter your appropriate Coupon Code in the Coupon Discount Code box during checkout.

Organization

Coupon Code

Student & Educator Members BKA
AICPA Student/Educator BKB
American Accounting Association AAA
Financial Executives International FEI
Institute of Internal Auditors IIA
Institute of Management Accountants     IMA

Other COSO documents:

Guidance on Monitoring Internal Control Systems (2009)

Ratings and reviews
Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$75.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$75.00
Add to cart
Back to Top