Enterprise risk management and COSO: a guide for directors, executives and practitioners

Quantitative COSO Risk Management defines a quantitative approach to risk assessment and internal control validation to that allows management to assess, measure, and score compliance and risk mitigation activities. The use of a quantitative approach offers several advantages: The risks and controls can be modeled to predict the specific level of residual risk in the circumstances, The prediction model can be validated by back-solving or comparison to current observations, The prediction model can be used for ‘what if’ scenarios to select key controls, optimize costs and benefits, and consider alternatives for improved design, The logic behind the assessment is documented in the model for review, Quantitative measures can help settle debates arising from differing assessments.

• ISBN: 978-0-470-46065-8
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 335
• Fecha Publicación: 09/12/2009
• Nº Volúmenes: 1
• Idioma: Inglés