The Committee of Sponsoring Organizations has released its newly revised enterprise risk management framework, giving companies a new tool to consider in building out their ERM approaches.
The new COSO ERM framework is an update to the original 2004 framework, focusing new attention on baking ERM into a company’s strategic planning and embedding it throughout the organization. COSO says the updated version of the framework is designed to help companies create, preserve, and realize value while also improving their risk management approaches.
