COSO Update: Changing Risk Management Standards

John L. Daly, MBA, CPA, CMA, CPIM, Executive Education Inc.

COSO provides the accounting profession’s definitive risk management standards, which continue to evolve. COSO guidelines provide a strong foundation for assessing and mitigating risk. The latest revisions help organizations design and implement risk management processes, addressing both operational and compliance objectives. Following the guidelines does not guarantee you will never have risks, but it does increase the probability you will anticipate and mitigate risks before they occur. COSO recommends organizations quickly transition their control evaluations, tools and documentation to the latest framework. This session shows you how.