Enterprise Risk Management Best Practices Hardback - 2011 - 1st Edition

Although Enterprise Risk Management (ERM) is a top concern fororganizations of all types across the globe, the process ofimplementing ERM often overwhelms business leaders, who fear theydon't have the time, money, experience, or resources to develop andsustain what they perceive to be a daunting project. Written todemystify the entire ERM process, Enterprise Risk Management BestPractices shows you how to easily and painlessly implement andmaintain a practical, cost-effective ERM plan in any organization, regardless of its size, finances, or resources.

Author Anne Marchetti--a Sarbanes-Oxley expert and thoughtleader on the subject--provides step-by-step guidancecomplemented by simplified explanations of related concepts in ahandy, reader-friendly guide. Enterprise Risk Management BestPractices begins by explaining how ERM initiative must begin fromthe top, with senior management and risk and complianceprofessionals working together to categorize and assess risksthroughout the enterprise. Marchetti then provides detailedcoverage on the key risk categories of concern--financial, operational, reputational, and strategic--along with practicaltips on how to handle risks that overlap across categories.Enterprise Risk Management Best Practices proceeds to walk youthrough the entire process of crafting ERM architectures andsetting up ongoing monitoring and assessment processes.

A must-read for CFOs, controllers, finance executives, auditors, IT managers, and consultants who want to curtail surprises andlosses as well as capitalize on business opportunities, EnterpriseRisk Management Best Practices delves deeply into:

• The value and benefits of ERM

• Corporate governance: roles and responsibilities

• The role of IT in ERM

• The ERM process, step by step

• COSO framework

• Financial reporting competencies

• Whistleblower programs

• Financial reporting objectives and risk

• Moving beyond and reevaluating initial compliance

• Available tools in assessment and ongoing compliance

• Key challenges you may face along the way

• Best practices for a successful ERM initiative

• International financial reporting standards

• Key elements of an effective IFRS implementation

• Cost minimization and control optimization insights andstrategies

Even a minimal investment in risk assessment and risk managementcan improve efficiency and reduce losses in your organization. LetEnterprise Risk Management Best Practices guide you through asuccessful ERM program tailored to suit your company's uniqueneeds.