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Whatever the organisation, we'll
integrate the solution
Call it Enterprise Risk
Management, call it Integrated Risk Management, whatever you call
it, if you have a joined up approach to recognising and dealing with
risk, then it simply means good management.
Having a strong, corporate wide risk reporting system represents a
small part of what you could achieve. The real value comes when risk
management is part of business decision making. This is enabled by
your risk appetite being understood and communicated, thereby
ensuring that risks are taken
knowingly at all levels.
Don't be daunted by the
wide variety of frameworks recommended by various bodies (COSO,
UK IRM,
Australian
Standards) - all adopt roughly the same approach with emphasis at
different stages. We'll find a solution that suits your
organisation, culture and risk maturity, and then ensure that it meets
all your regulatory needs.
The key to success is recognising the roll out of ERM as a change
project and providing the necessary support and training at all
levels within the business. Intersys Risk can help you design and deliver
that implementation package with learning & development packages and
customised tools to suit your
specific needs.
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"...a
process, effected by an entity's board of directors, management and
other personnel, applied in strategy setting and across the enterprise,
designed to identify potential events that may affect the entity, and
manage risks to be within its risk appetite, to provide reasonable
assurance regarding the achievement of entity objectives.'
ERM defined by COSO Enterprise Risk Management - Integrated Framework
2004 |