Enterprise Risk Management: Integrated Framework

Author: COSO (USA)
Publisher:
Publish Date: 2005-09-01
Features: The fundamental premise of enterprise risk management is that the existence of every entity is to provide value to its stakeholders. All entities face uncertainty, and the challenge for management is to determine how much uncertainty to bear while striving to increase stakeholder value. Uncertainty can either destroy or increase value, making it both a risk and an opportunity. Enterprise risk management enables management to effectively address uncertainty and the risks and opportunities it brings, enhancing the ability to create value.
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