02291cam a2200253Ii 4500001001300000003000600013007000300019008004100022020001800063020001500081035002200096050002500118100001700143245009400160260006300254300002800317505022900345520128100574650002401855650002101879942001201900952011001912999001502022on1030308158OCoLCta180403s2018    flua          000 0 eng d  a9781634540117  a1634540115  a(OCoLC)1030308158  aHF5668.25b.S63 20181 aSobel, Paul.10aManaging risk in uncertain times :bleveraging COSO's new ERM framework /cPaul J. Sobel.  aLake Mary, Florida : bInternal Audit Foundation, cc2018.  axiv, 90 p. :bcol. ill.0 aIntroduction -- ch. 1. Overview of the framework -- ch. 2. Getting started with the new framework -- ch. 3. Using the framework as an evaluation tool -- ch. 4. Moving forward: actions for internal auditors and risk managers.  aSuccessful organizations figure out ways to effectively manage their risks to thrive in an uncertain and rapidly changing world. Some rely on the experience and business savvy of their leaders; many others leverage a more disciplined approach, commonly referred to as enterprise risk management (ERM). In 2014, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) announced commencement of an update to its 2004 ERM framework Enterprise Risk Management - Integrated Framework. The new framework, published in September 2017, is titled Enterprise Risk Management - Integrating with Strategy and Performance. Designed to help organizations better pursue opportunities and manage threats, the update: Recognizes the importance of strategy and entity performance as the central consideration for risk management; Better distinguishes between internal controls and ERM; Positions ERM as an integral part of decision-making. Throughout this book, author Paul Sobel provides implications for internal auditors or risk managers, and sometimes both. These implications will help them understand the new framework and provide examples of how they can be an integral part of helping their organizations successfully manage risk in uncertain times--Page 4 of cover. 4aAuditing, Internal. 4aRisk management.  2lcccBK  00104070aPNLIBbPNLIBcGENd2021-06-17oHF5668.25 .S63 2018pPNLIB21061980r2021-06-17w2021-06-17yBK  c2167d2167