Committee of Sponsoring Organization of the Treadway Commission
Every entity exists to provide value for its stakeholders. All entities face uncertainty, and the challenge for management is to determine how much uncertainty to accept as it strives to grow stakeholder value.
COSO’s fundamental premise is that effective risk management and internal controls are crucial to sustaining an organization. Uncertainty presents both risk and opportunity, with the potential to erode or enhance value.
COSO frameworks can contribute value to governance, strategy setting, business planning, execution, monitoring, and adapting processes of any organization.
Enterprise risk management enables management to effectively deal with uncertainty and associated risk and opportunity, enhancing the capacity to build value.
Tekpaths experience consultants drive your company through US Committee of Sponsoring Organization of the Treadway Commission (COSO) enterprise governance framework and help you to achieve the best results staying compliant with all requirements.read more