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ERM Initiative Staff

Mar 11, 2005

ERM and Business Continuity

There is a huge debate over the roles and positioning of risk management and business continuity management within organizations. Some argue one function should be subordinate to the other. The key, however, is that the organization must determine the functional scopes of each function and communicate the appropriate relationship of the two tasks. Each organization needs to decide the appropriate mixture of these two functions.

Dec 31, 2004

Survey Data: ERM Trends

A PwC survey shows CEOs are taking more risks, citing competition and over-regulation as top threats. While many see ERM as valuable, gaps in effective implementation remain, especially among middle-market companies.

Dec 31, 2004

Internal Audit’s Role: Fraud and Reputation Risks

Discover how internal auditors can lead antifraud efforts with proactive monitoring, effective controls, and robust risk assessments, reducing fraud and enhancing organizational value.

Dec 31, 2004

Tax Risk Management: The Evolving Role of Tax Directors

A 2004 Ernst & Young survey reveals tax directors increasingly view tax risk management as vital to corporate governance. Learn how organizations are integrating tax risk into enterprise risk management and responding to new challenges.

Oct 1, 2004

The Orange Book: Management of Risk – Principles and Concepts

The original Orange Book was published by the British government in 2001 to promote more robust risk management practices in government sectors. Since 2001, organizations have begun to now have basic risk management processes in place. The risk management challenge is no longer in the initial identification and analysis of risk and the development of the risk management process. Rather, the challenge today is in the ongoing review and improvement of risk management. Thus, the British government issued this 2004 revision of The Orange Book to include more advanced guidance, such as the importance of “horizon scanning” (a systematic activity designed to identify indicators of changes in risk). This document also examines how the organization’s risk management activities relate to the wider environment in which it functions.

Oct 1, 2004

Best Practices in Enabling ERM

Discover best practices for enabling ERM with insights on strategy alignment, overcoming barriers, and leveraging technology to transition from siloed to holistic risk management.

Sep 1, 2004

COSO’s “Enterprise Risk Management – Integrated Framework”

Discover the core principles of COSO's 2004 ERM Framework, a foundational guide for aligning risk management with strategy and organizational performance.

Sep 1, 2004

The Australian/New Zealand Risk Standard

Discover the legacy of AS/NZS 4360:2004, a pivotal risk management standard offering systematic approaches to identify, assess, and treat risks, laying the groundwork for modern practices like ISO 31000.

Jul 1, 2004

Outsourcing Decisions: Taking an ERM Approach

Outsourcing business processes like IT and supply chain functions offers cost savings but introduces significant risks across strategy, operations, and reputation. Discover how ERM helps manage these risks holistically for sustainable decisions.

Jun 1, 2004

Basel II: International Convergence of Capital Measurement & Capital Standards: A Revised Framework

Discover how the revised framework strengthens capital adequacy through risk alignment, regulatory oversight, and market discipline, fostering resilience and transparency in banking worldwide.