COSO ERM

A lot of companies that are just getting started with their compliance journey tend to wonder what an ISO audit is. The ISO/IEC 27001 standard can get quite overwhelming for organizations. The risk-based nature and vast size of the standard make it extremely tough to prepare for the ISO audit when it comes to documentation.…

In today’s date, any business dealing with finances (which is now a part of almost any business) must have faced or been aware of the high-profile internal as well as external risks including insider trading, financial malpractices, fraud, etc. Several control and assurance mechanisms have emerged for keeping on check among which the COBIT and…

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…