Join us for the second instalment of our three-part series regarding ISO 31000 vs. COSO ERM – The Great Debate. More than 700 people registered for the last debate and hundreds more watched the replay. 17 MAY 2018, 5PM EUROPE REGISTER: https://go.oceg.org/iso-31000-vs-coso-erm-the-great-debate-part-ii-taking-the-right-level-of-the-right-risks-for-success In the Great Debate, the panellists all agreed that decision-making is the heart of… Continue reading ISO 31000 vs. COSO ERM – The Great Debate Part II: Taking the Right Level of the Right Risks for Success
Quite simply, because it is so high level and it has plenty of good messages. High level That’s right. The best thing that ever happened to ISO31000 is the fact that is so ridiculously high-level and doesn’t provide any specific details on the implementation. This is important for 2 reasons: risk management implementation is an art,… Continue reading Why do I love ISO31000:2018?
Yesterday was a great day. I had great fun debating ERM with a good friend, Chris Mandel, SVP Strategic Solutions, Sedgwick and Director, Sedgwick Institute. We started talking about ERM and what it means for business but quickly switched to many other fascinating topics, including integration of risk management, decision making, cognitive biases, quantification, showing risk management… Continue reading The great debate – Alex Sidorenko vs Chris Mandel – is ERM real?
Join Alex Sidorenko from RISK-ACADEMY to talk about pros and cons of COSO ERM 2017 and the upcoming ISO31000:2018. Find out why both standard and framework miss a huge opportunity to better integrate into decision making and move away from flawed qualitative tools and what should you do to help your decision makers take informed… Continue reading COSO ERM:2017 vs ISO31000:2018?
It took me many days to finish, but at end I did it. I read the full COSO ERM 2017. Not just skimmed the text, read every page, every word. Here are my thoughts: High level comments Read part 1 here Detailed comments First thing you notice when reading COSO ERM 2017 is that it… Continue reading COSO ERM 2017 – full review by Alex Sidorenko (part 2)
With the COSO ERM and ISO31000 updates, don’t waste a once every 5 years opportunity and use the standard/framework to sell, convince and encourage better integrated into decision making risk management. This is it, be brave, there will probably not be a better time to switch from risk management designed to better manage risks (noone… Continue reading RISK-ACADEMY wishes you Happy New Year!
It took me many days to finish, but at end I did it. I read the full COSO ERM 2017. Not just skimmed the text, read every page, every word. Here are my thoughts: High level comments COSO ERM 2017 is quite paradoxical. In a sense that, on one side, it is extremely long (257… Continue reading COSO ERM 2017 – full review by Alex Sidorenko (part 1)
Can one of the documents be more useful than the other? And if yes, useful for whom, risk practitioners, regulators, auditors or consultants? Or have both documents failed to account for the actual growth in the risk management maturity and will be looked at with disappointment by risk professionals? Should you, as a risk practitioner,… Continue reading FREE WEBINAR: ISO31000 2018 (draft) vs COSO ERM 2017
In this session, global experts will discuss the strengths and weaknesses of two leading risk management frameworks covering everything from what’s good, what’s bad, what could/should be improved, how to “cherry pick” the best from both, which one is most likely to be favored by regulators globally, and much more. You might even learn a… Continue reading ISO 31000 vs COSO ERM – The Great Debate
Summary of comments STRUCTURED AND LOGICAL – I believe the content of any document, let alone an international guideline document, should be logically structured, should follow the MECE principle, shouldn’t have any unnecessary repetition or duplication. This was certainly not the case with the current COSO:ERM draft. Note to the authors. While the high level structure Applying the… Continue reading Full feedback on COSO ERM draft