Please enable JavaScript.
Coggle requires JavaScript to display documents.
COSO ERM: Enterprise Risk Management - Coggle Diagram
COSO ERM: Enterprise Risk Management
Internal Environment
Tone of the Organization
Basis for how risk is viewed and addressed
Integrity and Ethical values
Environment of operation
Objective Setting
Objectives that support and align with the entity's mission
Objectives that are consistent with the entity's risk appetite
Event Identification
Internal and external events affecting achievement
Risk Assessment
Analyzed
Likelihood and impact considered
Basis for management of risks determined
Risk Response
Avoiding, accepting, reducing or sharing of risk
Align risk with the entity's risk tolerances
Control Activities
Policies and procedures
Ensure risk response is effectively executed
Information and Communication
Information is shared effectively for people to be able to carry out their responsibilities
Monitoring
Risk management is monitored
Modifications are made as necessary
Separate evaluations or ongoing management activities