Focusing on the ‘Enterprise’ in Enterprise Risk Management
Guest Post by Robert Pojasek (first posted on CERM ® RISK INSIGHTS – reposted here with permission)
Why does COSO ERM:2017[i] use the word “enterprise” in the title of their standard and ISO 31000:2018[ii] is a “risk management standard?” CERM Academy also has a book on this topic[iii]. So, what does the concept of an “enterprise” impart to an organization, if anything, to set apart the COSO standard from the ISO standard?
A search of the definition for enterprise covers the entire gamut of possible uses. There appears to be little difference between business enterprise and the business itself. [Read more…]