COSO Seeks Public CommentBy
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is seeking public comment on its update to Enterprise Risk Management—Integrated Framework. The update expands on COSO’s definitions of both enterprise risk management and risk. This update, Enterprise Risk Management—Aligning Risk with Strategy and Performance, offers a new perspective on the components and principles of current practice in this area and recognizes the growing importance of the connection between strategy and performance.
“The COSO board believes the redefined components and principles will provide organizations with direction for all levels of management in designing, implementing, and conducting enterprise risk management practices,” said Robert B. Hirth, Jr., COSO chair. Public comments will be accepted through September 30, 2016. Visit http://bit.ly/28KU5Z1 for more information.