Corporate Compliance

Essay specific features

 

Issue:

Business

 

Written by:

Tommie C

 

Date added:

July 27, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1721

 

Was viewed:

6707 times

 

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Essay content:

COSO's framework introduces eight key principles for ERM: "internal environment; objective setting; event identification; risk assessment; risk response; control activities; information and communication; and monitoring" (Managing Risk, 2003, p. 2). COSO's framework also includes four objectives categories; these are: strategy; operations; financial reporting; and compliance...
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COSCO intended this framework to be an effective tool for keeping stakeholders and board directors informed about organizational procedures and processes. The framework could also be used to help an organization respond to uncertainties that will help directors to measure how well their organizations are managing its own risks...
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