Enterprise Risk Management: Application of Technology

Author: Developed and Published by COSO, USA
Publisher:
Publish Date: 2006-01-01
Features: This book is the Chinese translation of the second volume of the final text of "Enterprise Risk Management - Integrated Framework" released by COSO, USA in September 2004, specifically the application technology part. Following a series of remarkable corporate scandals that broke out around 2001, calls for adopting new laws, regulations, and listing standards to strengthen corporate governance and risk management grew stronger. The need for an enterprise risk management framework that provides key principles and concepts, a common language, and clear direction and guidance became particularly urgent. The first volume of this book met this need. As an authoritative international document, this book further exemplifies some application technologies related to enterprise risk management, based on the first volume, offering highly valuable references and guidance for the effective implementation of enterprise risk management. In the evolution of internal control and risk management, COSO (Committee of Sponsoring Organizations of the Treadway Commission) is widely recognized for its outstanding contributions. Seriously studying and referencing relevant international authoritative documents, including the Enterprise Risk Management - Integrated Framework, undoubtedly has significant theoretical and practical value. The "Enterprise Risk Management - Integrated Framework" (Chinese abbreviation: "Framework"), translated by Professor Fang Hongxing and Dr. Wang Hong, is the first volume, covering the content summary and basic framework. This book is the second volume, the application technology part. Although it is repeatedly stated in the second volume that it is not a part of the "Framework" volume and the exemplified technologies do not necessarily need to be applied or represent best practices, it is undeniable that the exemplified technologies still provide highly valuable references and guidance for the effective implementation of enterprise risk management.