COSO Enterprise Risk Management: Understanding the New Integrated ERM Framework Hardcover – Apr 27 2007
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"In the book…Robert Moeller aims to help business professionals at all levels-from staff internal auditors to corporate board members-understand risk management and make effective use of the COSO ERM framework. In COSO Moeller identifies the processes and guidance required to become better at evaluating, embracing, and managing business uncertainties and risks in order to protect and enhance enterprise value." (Strategic Finance, June 2009)
From the Inside Flap
COSO Enterprise Risk Management
Understanding the New Integrated ERM Framework
When COSO ERM was first released, some professionals inadvertently viewed this new risk-based framework as simply an update of the COSO Internal Controls framework of ten years before.?Filled with valuable advice and guidance from an industry insider, COSO Enterprise Risk Management hails COSO ERM as the new way of looking at all aspects of risk in today's organization, equipping professionals to better understand the COSO ERM framework and make maximum use of this tool in evaluating the risks associated with all business decisions.
Using the COSO ERM framework's model and terminology, this timely book discusses the importance of understanding the various risks facing many aspects of business operations and helps professionals develop and follow an effective risk culture for many business and operating decisions. To this end, a hypothetical company, "Global Computer Products, Inc.," illustrates the practical application of COSO ERM within realistic corporate circumstances.
COSO Enterprise Risk Management thoroughly provides clear-cut guidance on relevant topics including:
The importance of enterprise risk management today
Key concepts and terminology used in risk assessments
ERM as an overall structure, integrating the strategic, operational, reporting, and compliance objectives
The ways in which the COSO ERM framework approach can help an organization to better manage risks and to achieve key objectives
Information technology and ERM including discussion of application systems risks, effective continuity planning, and worms, viruses, and systems network access risks
Compliance with well-recognized and mandated standards are important for every organization and allows a corporation to demonstrate that they are following best practices and are in conformity with regulatory rules. COSO Enterprise Risk Management uniquely helps business professionals at all levelsfrom staff internal auditors to corporate board membersto understand risk management in general and make more effective use of the new COSO ERM risk management framework.See all Product Description
Most Helpful Customer Reviews on Amazon.com (beta)
The author even has a chapter on project management risks, but basically just summarizes information which is on PMBOK, without really relating it to ERM.
I had to read it for a course on ERM, but I wish I didn't have to read the entire book. Other than the first few pages, it was useless information.
This book is a MASTERPIECE! I couldn't stop reading over and over sections and chapters about a reality to come soon: the implementation of COSO-ERM as it goes nationally and globally, once it will become officially recognized as an ISO standard.
Robert Moeller, who is also the author of Brink's Modern Internal Auditing, sixth edition, revealed a high level of knowledge and expertise and he brought it down at an understandable level. Could you imagine expanding your knowledge about COSO-ERM while you enjoy reading chapter thru chapter all aspects of this multidimensional model?
Yes, Robert Moeller fulfilled his purpose to provide guidance for better understanding COSO ERM and its level of importance. I learned and understood every detailed Moeller's explanations and experiences related to this topic.
I HIGHLY recommend this book to all individual and stakeholders but not limited to senior managers, internal and external auditors, corporate boards of directors, investors, all vendors. This is the strength of COSO-ERM: includes all aspects of any business form and it also "concerns and impacts people beyond the executive offices" (Moeller, 346). After you read this book, you will be ready to move up to a higher level of understanding COSO ERM as well I am prepared to participate on an active role of this framework.
For less than $75 you will gain a deep knowledge for understanding COSO-ERM. It is WORTHY to invest on this book! I can't wait to reading more about Moeller's experience and knowledge about COSO-ERM as he could expand it on subsequent editions of this MASTERPIECE!
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