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COSO ERM and ISO 31000: Important Aspects Explained

The implementation of multiple enterprise risk management (ERM) systems is a complex process that most businesses may find overwhelming. Nevertheless, adopting the updated COSO ERM and ISO 31000 frameworks should be a priority if compliance requirements are to be met. Although there are different of definitions and processes for establishing risk tolerance available, COSO ERM and ISO-3100 offer unified value…