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CW Associates CPAs on 5 benefits of an integrated risk management program
- CW Associates CPAs on 5 benefits of an integrated risk management program
- July 19, 2016
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Risks facing companies can come from anywhere-currency-fluctuation risk related to the U.K.'s decision to leave the European Union is a recent example-which is why enhancing enterprise risk management (ERM) efforts is a popular topic among boards and the C-suite.
Here are five benefits of an integrated ERM program from the proposed framework released by the Committee of Sponsoring Organizations of the Treadway Commission (COSO):
Increase the range of opportunities. By considering all possibilities-both positive and negative aspects of risk-management can identify new opportunities and challenges associated with current opportunities. "Take the extra five minutes as you make a decision," COSO Chair Bob Hirth said. "Ask, 'What have we missed here? What ...
- View more at: http://www.1888pressrelease.com/cw-associates-cpas-on-5-benefits-of-an-integrated-risk-manag-pr-593935.html
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