Cendrowski / Mair Enterprise Risk Management and COSO

A Guide for Directors, Executives and Practitioners
1. Auflage 2009
ISBN: 978-0-470-55380-0
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 352 Seiten, E-Book

Praise for Enterprise Risk Management and COSO:A Guide for Directors, Executives, and Practitioners
"Enterprise Risk Management and COSO is a comprehensivereference book that presents core management of risk tools in ahelpful and organized
way. If you are an internal auditor who is interested in riskmanagement, exploring this book is one of the best ways to gain anunderstanding of enterprise risk management issues."
--Naly de Carvalho, FSA Times
"This book represents a unique guide on how to manage many ofthe critical components that constitute an organization's corporatedefense program."
--Sean Lyons, Corporate Defense Management (CDM)professional
"This book provides a comprehensive analysis of enterprise riskmanagement and is invaluable to anyone working in the riskmanagement arena. It provides excellent information regarding theCOSO framework, control components, control environment, andquantitative risk assessment methodologies. It is a great piece ofwork."
--J. Richard Claywell, CPA, ABV, CVA, CM&AA, CFFA,CFD
"As digital information continues its exponential growth andmore systems become interconnected, the demand and need for properrisk management will continue to increase. I found the book to bevery informative, eye-opening, and very pragmatic with an approachto risk management that will not only add value to all boards whoare maturing and growing this capability, but also will providethem with competitive advantage in this important area offocus."
--David Olivencia, President, Hispanic IT ExecutiveCouncil
Optimally manage your company's risks, even in the worst ofeconomic conditions.
There has never been a stronger need for sound risk managementthan now. Today's organizations are expected to manage a variety ofrisks that were unthinkable a decade ago. Insightful andcompelling, Enterprise Risk Management and COSO reveals howto:
* Successfully incorporate enterprise risk management into yourorganization's culture
* Foster an environment that rewards open discussion of risksrather than concealment of them
* Quantitatively model risks and effectiveness of internalcontrols
* Best discern where risk management resources should be dedicatedto minimize occurrence of risk-based events
* Test predictive models through empirical data

Autoren/Hrsg.

Cendrowski, Harry

Mair, William C.

Inhaltsverzeichnis

About the Contributors.
Acknowledgments.
Preface.
SECTION I ORGANIZATIONAL RISK MANAGEMENT.
Chapter 1 An Introduction to Risk.
Chapter 2 Key Tenets of Enterprise Risk Management.
Chapter 3 Mitigating Operational Risks Through StrategicThinking.
Chapter 4 Mitigating Risk in Internal Investigations andInsurance Coverage.
SECTION II QUANTITATIVE RISK MANAGEMENT.
Chapter 5 Recognized Control Frameworks: COSO-IC andCOSO-ERM.
Chapter 6 Other Control Frameworks.
Chapter 7 Qualitative Control Concepts.
Chapter 8 Quantitative Control Relationships.
Chapter 9 Excel Applications.
Chapter 10 Interdependent Systems.
Chapter 11 Documentation.
Chapter 12 The Process for Assessing Internal Control.
Chapter 13 Monitoring Internal Controls.
Chapter 14 Accounting Policies and Procedures.
Chapter 15 Business Process Applications.
Chapter 16 General and Infrastructure Systems.
Chapter 17 Trusted System Providers.
Chapter 18 Reporting on Internal Control.
Chapter 19 Review and Acceptance of Assessments.
Glossary.
Appendix: Internal Control Sections of the Sarbanes-OxleyAct.
Index.

Über Autor(innen)

Harry Cendrowski, CPA, ABV, CFF, CFE, CVA, CFD, CFFA, isManaging Director and co-founder of Cendrowski Corporate Advisors,Cendrowski Selecky PC, and Prosperitas Group LLC. He has overtwenty-five years of experience assisting firms with theircorporate governance and risk management practices. Harry is alsoactive in the private equity (PE) arena, and has assisted PE fundswith their due diligence and operational activities. He frequentlyserves as an expert witness in the areas of forensic accounting,business valuation, and fraud investigation. He is coauthor ofPrivate Equity: History, Governance, and Operations andThe Handbook of Fraud Deterrence, both published by Wiley.Harry also serves as the Director of Fraud and Forensic Servicesfor the International Association of Consultants, Valuators andAnalysts and is coauthor of the training materials used to trainevery Certified Fraud Deterrence Analyst (CFD).
William C. Mair is a former partner at Touche Ross &Co. (now Deloitte), chief auditing officer, chief accountingofficer, and board member of a registered investment company. He iscurrently a financial systems consultant. Bill has studied internalcontrol from all angles and has written extensively on the subject.He is best known as lead author of Computer Control andAudit, a revolutionary book in the field of information systemsauditing. The Information Systems Audit and Control Association(ISACA) voted Bill the fourth most influential person among thepioneers of information systems auditing in a study published bythe EDP Auditor Journal.