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Unformatted text preview: This alone has caused ERM to grow tremendously, in a hope to turn problems around and move in a positive direction from now on in the world markets. Shareholders are putting pressure on these organizations to assess, and fix certain risks, as well as provide a possible future risk analysis. Ever since the New York Stock Exchange issued the Final Corporate Governance Rules in 2004, risk management systems have been implicated in a majority of businesses. COSO put together 8 components of risk management assessment: 1 ) Internal Environment, 2 ) Objective Setting, 3) Event Identification, 4 ) Risk Assessment, 5 ) Risk Response, 6 ) Control Activities, 7 ) Information and Communication, 8 ) Monitoring. Each one of these should help companies analyze and assess risks while they happen and even future risks....
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This note was uploaded on 05/05/2008 for the course BA 203 taught by Professor B.m. during the Spring '08 term at Carroll MT.
- Spring '08