What does the new Framework offer clients that are focusing on internal control?
• Companies that want to move beyond internal control and get more out of their efforts now have a framework that will help them go to the next level. As the Enterprise Risk Management – Integrated Framework includes the concepts and components initially developed in the Internal Control – Integrated Framework, expanding their practices to incorporate risk management will be more evolutionary and not require that they “throw away” all of the previous efforts. The Enterprise Risk Management – Integrated Framework details, for the first time, the link between value, risk, strategy, objective setting, performance measurement, risk response, and control processes.
Related Questions
- How Does This Framework Relate to COSOs Internal Control Framework? Are you replacing the Internal Control Framework with the Enterprise Risk Management Framework?
- I offer a service whereby clients calls are automatically screened against the TPS if the number dialled is on the TPS file. Do I have to pay a Royalty Fee?
- What does the new Framework offer clients that are focusing on internal control?
