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Publications

COSO Enterprise Risk Management - Integrating with Strategy and Performance

  • $129.00-$169.00
    COSO ERM - Integrating with Strategy and Performance Availability : In Stock Product #: ACOSOERM17P
    AICPA Member: $129.00
    Non-Member: $169.00
  • $119.00-$149.00
    COSO ERM - Integrating with Strategy and Performance Availability : eBook Download Product #: ACOSOERM17E
    AICPA Member: $119.00
    Non-Member: $149.00
  • $59.00-$69.00
    COSO ERM - Integrating with Strategy and Performance Availability : Online Access Product #: ACOSOERM17O
    AICPA Member: $59.00
    Non-Member: $69.00

This publication can be purchased individually or as a part of the Framework and Compendium Bundle.

The most widely recognized and applied risk management framework in the world, COSO Enterprise Risk Management - Integrating with Strategy and Performance addresses the evolution of enterprise risk management (ERM) and the need for organizations to improve their approach to managing risk to meet the demands of an evolving business environment. This new version replaces COSO Enterprise Risk Management—Integrated Framework from 2004.

This new 2017 update highlights the importance of considering risk in both the strategy-setting process and in driving performance. The first part of this updated publication offers a perspective on current and evolving concepts and applications of ERM. The second part, the Framework, is organized into five easy-to-understand components that accommodate different viewpoints and operating structures, and enhance strategies and decision-making.

In short, this update:

  • Provides greater insight into the value of ERM when setting and carrying out strategy.
  • Enhances alignment between performance and ERM to improve the setting of performance targets and understanding the impact of risk on performance.
  • Accommodates expectations for governance and oversight.
  • Recognizes the globalization of markets and operations and the need to apply a common, albeit tailored, approach across geographies.
  • Presents new ways to view risk to setting and achieving objectives in the context of greater business complexity.
  • Expands reporting to address expectations for greater stakeholder transparency.
  • Accommodates evolving technologies and the proliferation of data and analytics in supporting decision-making.

Key Features and Benefits

  • Focused framework that is easy to follow with 5 interrelated components broken up into 20 different principles
  • The principles are manageable in size, and they describe practices that can be applied in different ways for different organizations regardless of size, type, or sector. Adhering to these principles can provide management and the board with a reasonable expectation that the organization understands and strives to manage the risks associated with its strategy and business objectives.
  • Framework is future-focused and discusses several trends that entities are likely to face and will have an effect on ERM, such as:
    • Dealing with data proliferation
    • Leveraging artificial intelligence and automation
    • Managing the cost of risk management
    • Buidling stronger organizations

Who Will Benefit?

  • CFOs, CEOs, controllers, management, boards of directors

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 Management Accountants IMA

Information about the eBook option

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Executive Summary

View PDF

System Requirements

About the Authors

COSO

About the 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.