COSO ERM A Complete Guide - 2019 Edition
()
About this ebook
What current or developing legal/regulatory/governmental events or risks might be significant to the success of the business? Do firms financial characteristics, such as leverage, growth and asset opacity change after ERM implementation? Do you need to form a functional ERM unit? Is the residual risk status acceptable to the work units? What risks will your organization not accept?
Defining, designing, creating, and implementing a process to solve a challenge or meet an objective is the most valuable role… In EVERY group, company, organization and department.
Unless you are talking a one-time, single-use project, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'
This Self-Assessment empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make COSO ERM investments work better.
This COSO ERM All-Inclusive Self-Assessment enables You to be that person.
All the tools you need to an in-depth COSO ERM Self-Assessment. Featuring 973 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which COSO ERM improvements can be made.
In using the questions you will be better able to:
- diagnose COSO ERM projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
- implement evidence-based best practice strategies aligned with overall goals
- integrate recent advances in COSO ERM and process design strategies into practice according to best practice guidelines
Using a Self-Assessment tool known as the COSO ERM Scorecard, you will develop a clear picture of which COSO ERM areas need attention.
Your purchase includes access details to the COSO ERM self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next. You will receive the following contents with New and Updated specific criteria:
- The latest quick edition of the book in PDF
- The latest complete edition of the book in PDF, which criteria correspond to the criteria in...
- The Self-Assessment Excel Dashboard
- Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation
- In-depth and specific COSO ERM Checklists
- Project management checklists and templates to assist with implementation
INCLUDES LIFETIME SELF ASSESSMENT UPDATES
Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.
Read more from Gerardus Blokdyk
Logistics and Supply Chain Management Complete Self-Assessment Guide Rating: 5 out of 5 stars5/5HR Analytics Complete Self-Assessment Guide Rating: 5 out of 5 stars5/5SAP HANA Complete Self-Assessment Guide Rating: 0 out of 5 stars0 ratingsData Governance Complete Self-Assessment Guide Rating: 0 out of 5 stars0 ratingsSAP SD Complete Self-Assessment Guide Rating: 4 out of 5 stars4/5ISO 27001 Complete Self-Assessment Guide Rating: 0 out of 5 stars0 ratingsKey Performance Indicator KPI Standard Requirements Rating: 4 out of 5 stars4/5SAP MM Complete Self-Assessment Guide Rating: 4 out of 5 stars4/5ISO 14644 A Complete Guide - 2020 Edition Rating: 0 out of 5 stars0 ratingsQuality Assurance Complete Self-Assessment Guide Rating: 4 out of 5 stars4/5Project Management Office PMO Complete Self-Assessment Guide Rating: 5 out of 5 stars5/5ISO 45001 Second Edition Rating: 4 out of 5 stars4/5Power BI A Complete Guide Rating: 3 out of 5 stars3/5Enterprise Risk Management Complete Self-Assessment Guide Rating: 5 out of 5 stars5/5ISO 26262 Complete Self-Assessment Guide Rating: 3 out of 5 stars3/5SAP Supply Chain Management Complete Self-Assessment Guide Rating: 0 out of 5 stars0 ratingsSAP PM Complete Self-Assessment Guide Rating: 1 out of 5 stars1/5SAP CO Complete Self-Assessment Guide Rating: 0 out of 5 stars0 ratingsMicrosoft Dynamics 365 For Finance And Operations A Complete Guide - 2020 Edition Rating: 0 out of 5 stars0 ratingsNational Electrical Code Second Edition Rating: 0 out of 5 stars0 ratingsSWOT Analysis A Complete Guide - 2019 Edition Rating: 5 out of 5 stars5/5TOGAF Complete Self-Assessment Guide Rating: 0 out of 5 stars0 ratingsReliability Centered Maintenance Rcm Complete Self-Assessment Guide Rating: 3 out of 5 stars3/5Human resource management Complete Self-Assessment Guide Rating: 5 out of 5 stars5/5Ux UI design Complete Self-Assessment Guide Rating: 4 out of 5 stars4/5Python Data Structures and Algorithms Complete Self-Assessment Guide Rating: 5 out of 5 stars5/5Financial audit Complete Self-Assessment Guide Rating: 4 out of 5 stars4/5AUTOSAR Complete Self-Assessment Guide Rating: 3 out of 5 stars3/5Root-cause analysis Complete Self-Assessment Guide Rating: 0 out of 5 stars0 ratingsISO IEC 17025 A Clear and Concise Reference Rating: 5 out of 5 stars5/5
Related to COSO ERM A Complete Guide - 2019 Edition
Related ebooks
COSO ERM Standard Requirements Rating: 0 out of 5 stars0 ratingsCOSO Internal Control-Integrated Framework A Complete Guide Rating: 0 out of 5 stars0 ratingsCOSO A Complete Guide - 2019 Edition Rating: 0 out of 5 stars0 ratingsCOSO ERM A Complete Guide - 2020 Edition Rating: 4 out of 5 stars4/5Practice Aid: Enterprise Risk Management: Guidance For Practical Implementation and Assessment, 2018 Rating: 0 out of 5 stars0 ratingsGovernance framework A Complete Guide - 2019 Edition Rating: 0 out of 5 stars0 ratingsIT Risk Management A Complete Guide - 2019 Edition Rating: 0 out of 5 stars0 ratingsContinuous Auditing A Complete Guide - 2020 Edition Rating: 0 out of 5 stars0 ratingsRisk Appetite Best Practice A Complete Guide - 2020 Edition Rating: 0 out of 5 stars0 ratingsEnterprise Risk Management Applications A Complete Guide Rating: 0 out of 5 stars0 ratingsThird Party Risk Management Framework A Complete Guide - 2020 Edition Rating: 0 out of 5 stars0 ratingsCOSO A Complete Guide - 2020 Edition Rating: 0 out of 5 stars0 ratings3rd Party Risk Management A Complete Guide - 2019 Edition Rating: 0 out of 5 stars0 ratingsDigital GRC A Complete Guide Rating: 0 out of 5 stars0 ratingsKey Risk Indicator A Complete Guide - 2021 Edition Rating: 0 out of 5 stars0 ratingsRisk Appetite A Complete Guide - 2020 Edition Rating: 0 out of 5 stars0 ratingsCGEIT A Complete Guide - 2020 Edition Rating: 0 out of 5 stars0 ratingsContinuous auditing Third Edition Rating: 0 out of 5 stars0 ratingsAudit and Review Complete Self-Assessment Guide Rating: 0 out of 5 stars0 ratingsAuditor's Guide to IT Auditing Rating: 5 out of 5 stars5/5Digital Risk Management A Complete Guide - 2019 Edition Rating: 0 out of 5 stars0 ratingsRisk appetite Third Edition Rating: 0 out of 5 stars0 ratingsAuditing and Reporting A Complete Guide Rating: 0 out of 5 stars0 ratingsRisk Management and ISO 31000: A pocket guide Rating: 0 out of 5 stars0 ratingsRisk Based Internal Audit A Complete Guide - 2020 Edition Rating: 0 out of 5 stars0 ratingsInformation Systems Auditing: The IS Audit Testing Process Rating: 1 out of 5 stars1/5Hardening by Auditing: A Handbook for Measurably and Immediately Iimrpving the Security Management of Any Organization Rating: 0 out of 5 stars0 ratingsKey Risk Indicator A Complete Guide - 2019 Edition Rating: 0 out of 5 stars0 ratingsEnterprise Risk Framework A Complete Guide - 2021 Edition Rating: 0 out of 5 stars0 ratingsExecutive's Guide to COSO Internal Controls: Understanding and Implementing the New Framework Rating: 0 out of 5 stars0 ratings
Business For You
Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly Rating: 4 out of 5 stars4/5Robert's Rules Of Order Rating: 5 out of 5 stars5/5The Catalyst: How to Change Anyone's Mind Rating: 4 out of 5 stars4/5Law of Connection: Lesson 10 from The 21 Irrefutable Laws of Leadership Rating: 4 out of 5 stars4/5Lying Rating: 4 out of 5 stars4/5Collaborating with the Enemy: How to Work with People You Don’t Agree with or Like or Trust Rating: 4 out of 5 stars4/5Crucial Conversations: Tools for Talking When Stakes are High, Third Edition Rating: 4 out of 5 stars4/5Crucial Conversations Tools for Talking When Stakes Are High, Second Edition Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Summary of J.L. Collins's The Simple Path to Wealth Rating: 5 out of 5 stars5/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5High Conflict: Why We Get Trapped and How We Get Out Rating: 4 out of 5 stars4/5The Five Dysfunctions of a Team: A Leadership Fable, 20th Anniversary Edition Rating: 4 out of 5 stars4/5Capitalism and Freedom Rating: 4 out of 5 stars4/5Leadership and Self-Deception: Getting out of the Box Rating: 4 out of 5 stars4/5Just Listen: Discover the Secret to Getting Through to Absolutely Anyone Rating: 4 out of 5 stars4/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5Emotional Intelligence: Exploring the Most Powerful Intelligence Ever Discovered Rating: 5 out of 5 stars5/5Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice Rating: 4 out of 5 stars4/5The Everything Guide To Being A Paralegal: Winning Secrets to a Successful Career! Rating: 5 out of 5 stars5/5Tools Of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers Rating: 4 out of 5 stars4/5How to Get Ideas Rating: 5 out of 5 stars5/5
Reviews for COSO ERM A Complete Guide - 2019 Edition
0 ratings0 reviews
Book preview
COSO ERM A Complete Guide - 2019 Edition - Gerardus Blokdyk
COSO ERM
Complete Self-Assessment Guide
The guidance in this Self-Assessment is based on COSO ERM best practices and standards in business process architecture, design and quality management. The guidance is also based on the professional judgment of the individual collaborators listed in the Acknowledgments.
Notice of rights
You are licensed to use the Self-Assessment contents in your presentations and materials for internal use and customers without asking us - we are here to help.
All rights reserved for the book itself: this book may not be reproduced or transmitted in any form by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher.
The information in this book is distributed on an As Is
basis without warranty. While every precaution has been taken in the preparation of he book, neither the author nor the publisher shall have any liability to any person or entity with respect to any loss or damage caused or alleged to be caused directly or indirectly by the instructions contained in this book or by the products described in it.
Trademarks
Many of the designations used by manufacturers and sellers to distinguish their products are claimed as trademarks. Where those designations appear in this book, and the publisher was aware of a trademark claim, the designations appear as requested by the owner of the trademark. All other product names and services identified throughout this book are used in editorial fashion only and for the benefit of such companies with no intention of infringement of the trademark. No such use, or the use of any trade name, is intended to convey endorsement or other affiliation with this book.
Copyright © by The Art of Service
http://theartofservice.com
service@theartofservice.com
About The Art of Service
The Art of Service, Business Process Architects since 2000, is dedicated to helping stakeholders achieve excellence.
Defining, designing, creating, and implementing a process to solve a stakeholders challenge or meet an objective is the most valuable role… In EVERY group, company, organization and department.
Unless you’re talking a one-time, single-use project, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions.
Someone capable of asking the right questions and step back and say, ‘What are we really trying to accomplish here? And is there a different way to look at it?’
With The Art of Service’s Standard Requirements Self-Assessments, we empower people who can do just that — whether their title is marketer, entrepreneur, manager, salesperson, consultant, Business Process Manager, executive assistant, IT Manager, CIO etc... —they are the people who rule the future. They are people who watch the process as it happens, and ask the right questions to make the process work better.
Contact us when you need any support with this Self-Assessment and any help with templates, blue-prints and examples of standard documents you might need:
http://theartofservice.com
service@theartofservice.com
Acknowledgments
This checklist was developed under the auspices of The Art of Service, chaired by Gerardus Blokdyk.
Representatives from several client companies participated in the preparation of this Self-Assessment.
In addition, we are thankful for the design and printing services provided.
Included Resources - how to access
Included with your purchase of the book is the COSO ERM Self-Assessment Spreadsheet Dashboard which contains all questions and Self-Assessment areas and auto-generates insights, graphs, and project RACI planning - all with examples to get you started right away.
How? Simply send an email to
access@theartofservice.com
with this books’ title in the subject to get the COSO ERM Self Assessment Tool right away.
You will receive the following contents with New and Updated specific criteria:
•The latest quick edition of the book in PDF
•The latest complete edition of the book in PDF, which criteria correspond to the criteria in...
•The Self-Assessment Excel Dashboard, and...
•Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation
•In-depth specific Checklists covering the topic
•Project management checklists and templates to assist with implementation
INCLUDES LIFETIME SELF ASSESSMENT UPDATES
Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.
Get it now- you will be glad you did - do it now, before you forget.
Send an email to access@theartofservice.com with this books’ title in the subject to get the COSO ERM Self Assessment Tool right away.
Your feedback is invaluable to us
If you recently bought this book, we would love to hear from you!
You can do this by writing a review on amazon (or the online store where you purchased this book) about your last purchase! As part of our continual service improvement process, we love to hear real client experiences and feedback.
How does it work?
To post a review on Amazon, just log in to your account and click on the Create Your Own Review button (under Customer Reviews) of the relevant product page. You can find examples of product reviews in Amazon. If you purchased from another online store, simply follow their procedures.
What happens when I submit my review?
Once you have submitted your review, send us an email at
review@theartofservice.com with the link to your review so we can properly thank you for your feedback.
Purpose of this Self-Assessment
This Self-Assessment has been developed to improve understanding of the requirements and elements of COSO ERM, based on best practices and standards in business process architecture, design and quality management.
It is designed to allow for a rapid Self-Assessment to determine how closely existing management practices and procedures correspond to the elements of the Self-Assessment.
The criteria of requirements and elements of COSO ERM have been rephrased in the format of a Self-Assessment questionnaire, with a seven-criterion scoring system, as explained in this document.
In this format, even with limited background knowledge of COSO ERM, a manager can quickly review existing operations to determine how they measure up to the standards. This in turn can serve as the starting point of a ‘gap analysis’ to identify management tools or system elements that might usefully be implemented in the organization to help improve overall performance.
How to use the Self-Assessment
On the following pages are a series of questions to identify to what extent your COSO ERM initiative is complete in comparison to the requirements set in standards.
To facilitate answering the questions, there is a space in front of each question to enter a score on a scale of ‘1’ to ‘5’.
1 Strongly Disagree
2 Disagree
3 Neutral
4 Agree
5 Strongly Agree
Read the question and rate it with the following in front of mind:
‘In my belief,
the answer to this question is clearly defined’.
There are two ways in which you can choose to interpret this statement;
1.how aware are you that the answer to the question is clearly defined
2.for more in-depth analysis you can choose to gather evidence and confirm the answer to the question. This obviously will take more time, most Self-Assessment users opt for the first way to interpret the question and dig deeper later on based on the outcome of the overall Self-Assessment.
A score of ‘1’ would mean that the answer is not clear at all, where a ‘5’ would mean the answer is crystal clear and defined. Leave emtpy when the question is not applicable or you don’t want to answer it, you can skip it without affecting your score. Write your score in the space provided.
After you have responded to all the appropriate statements in each section, compute your average score for that section, using the formula provided, and round to the nearest tenth. Then transfer to the corresponding spoke in the COSO ERM Scorecard on the second next page of the Self-Assessment.
Your completed COSO ERM Scorecard will give you a clear presentation of which COSO ERM areas need attention.
COSO ERM
Scorecard Example
Example of how the finalized Scorecard can look like:
COSO ERM
Scorecard
Your Scores:
BEGINNING OF THE
SELF-ASSESSMENT:
Table of Contents
About The Art of Service7
Acknowledgments8
Included Resources - how to access9
Your feedback is invaluable to us11
Purpose of this Self-Assessment11
How to use the Self-Assessment12
COSO ERM
Scorecard Example14
COSO ERM
Scorecard15
BEGINNING OF THE
SELF-ASSESSMENT:16
CRITERION #1: RECOGNIZE17
CRITERION #2: DEFINE:28
CRITERION #3: MEASURE:42
CRITERION #4: ANALYZE:57
CRITERION #5: IMPROVE:67
CRITERION #6: CONTROL:89
CRITERION #7: SUSTAIN:104
COSO ERM and Managing Projects, Criteria for Project Managers:136
1.0 Initiating Process Group: COSO ERM137
1.1 Project Charter: COSO ERM139
1.2 Stakeholder Register: COSO ERM141
1.3 Stakeholder Analysis Matrix: COSO ERM142
2.0 Planning Process Group: COSO ERM144
2.1 Project Management Plan: COSO ERM146
2.2 Scope Management Plan: COSO ERM148
2.3 Requirements Management Plan: COSO ERM150
2.4 Requirements Documentation: COSO ERM152
2.5 Requirements Traceability Matrix: COSO ERM154
2.6 Project Scope Statement: COSO ERM156
2.7 Assumption and Constraint Log: COSO ERM158
2.8 Work Breakdown