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.
Advertisements
Leave a Reply
Share this blog
Recent Posts on Norman’s IIA Blog
- Taking Richard Chambers’ Post to the Next Level June 26, 2017
- Very Useful Guidance on Risk Management Best Practices June 12, 2017
- Do Internal Audit Departments Focus on What Matters? Survey Says They Do Not June 5, 2017
- PwC Gets It Right on Internal Audit May 30, 2017
- Elevating the Board’s Oversight of Cyber Risk May 22, 2017
- The Current State of IT Auditing May 12, 2017
- The Internal Audit Risk Assessment May 8, 2017
- Risk, Controls, and Culture May 1, 2017
- Internal Audit and Fraud Risk April 24, 2017
- Risk and the United Airlines Fiasco April 17, 2017
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.