Have your provided comments on the COSO ERM draft?
I hope you have reviewed the draft, available through http://www.COSO.org or at http://erm.coso.org/Pages/default.aspx.
Please share your views on this important document.
I realize that some of you prefer the ISO 31000:2009 global standard on risk management. But let’s recognize that nearly half of the risk management functions around the world are influenced by if not using the COSO framework.
Even if you will not adopt COSO, it is in all of our interests for it to be of the highest possible quality, driving the achievement of enterprise goals through informed and intelligent decision-making.
I submitted my comments some time ago. You can see them on the COSO site at http://erm.coso.org/Uploads/Norman%20Marks.pdf.
Leave a Reply
Share this blog
Recent Posts on Norman’s IIA Blog
- Reconsidering the Board: Its Composition and Oversight of Management September 19, 2016
- Time for the Board to Take a Deep Dive Into Risk Management and Risks September 12, 2016
- Oversight of the External Auditor September 6, 2016
- Signs of a Failing Board August 29, 2016
- Contrasting Comments on Internal Audit From a CAE and a Consultant August 23, 2016
- Asking the Tough Questions About Internal Audit August 15, 2016
- When Risk Management Fails August 8, 2016
- An Internal Audit Ambition Model August 1, 2016
- Understanding and Assessing Governance Risk July 25, 2016
- Internal Audit, Risk Management, and Technology July 19, 2016
Thoughtful comments. Looks like it needs a lot of work.
I cannot easily find the link to the comments page on http://www.coso.org Am I missing something?
Michael, I added a link in the post.
Norman
Michael, the comments page is here: http://erm.coso.org/Pages/viewcomments.aspx
Norman, I commend you for your relentless energy in calling us all to action – thanks! Working on it now.
– just noticed that you found it anyway.
OMG, There only 6 comments? Nobody seems to care?
Michael, I assume these are the only comments with attachments. I don’t think they are sharing comments submitted through their survey.
Thanks for pointing us to this. I’m in the ISO camp, myself, but am interested to compare and contrast.