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AICPA's Top Ten "Next" Practices for Enterprise Risk Management- 2010 Survey Results

In late 2010, the American Institute of Certified Public Accountants (AICPA) conducted a survey of the Top Ten “Next” Practices for Enterprise Risk Management (ERM). The survey is intended to represent the CPA’s unique perspective regarding ERM next practices they believe will significantly influence the management and value of the business. This survey report and resource guide was prepared under the direction of the AICPA Risk Management and Internal Control Advisory Panel.

Download the report.

As referenced in the report, the AICPA has numerous resources to help members learn more about ERM and share with their senior management and staff. In addition, COSO has several important resources for CPAs. Available resources are listed below.

AICPA Products- The AICPA wants to help CPAs play a bigger role in driving ERM implementation within their organizations and has several publications and conferences that can help CPAs learn more.	AICPA Briefs- The AICPA publishes Business, Government Accountability and Audit Committee Briefs periodic articles with practical guidance for CPAs on a number of topics.
Case Studies on ERM Implementations: Practical Illustrations for Launching Effective Enterprise Risk Oversight - This collection of case studies follows a company just starting an ERM program through its implementation process and touches on working the board, senior management and the management team. Risk Assessment for Mid-Sized Companies: Tools for Developing a Tailored Approach to Risk Management - For the CPA or CFO who is familiar with the COSO Integrated Framework, Risk Assessment for Mid-Sized Companies transforms those standards into actionable ERM processes. Smart Risk Management: A Guide to Identifying and Reducing Everyday Business Risks- Any decision-maker who recognizes that too much effort in controlling risks hurts innovation and not enough control is wasteful and expensive, will want to read this publication. For information on conferences relevant to enterprise risk management visit CPA2Biz.	Board and Audit Committee Involvement in Risk Management Oversight Adding Value, Not Bureaucracy: Linking Governance, Enterprise Risk Management and Internal Controls Effective Enterprise Risk Management Starts With a Conversation S&P's Reviews for Non-Financial Issuers- Where Do we Stand? The Link Between Decision-Making and ERM: A Case Study Enterprise Risk Management: Meeting Today's Challenges The Basics of Fraud Risk Management The Perils and Promises of Integrated Enterprise Risk and Performance Management Enterprise Risk Management: Is it Relevant to Government? Increasing Risk Awareness for Mission Critical Objectives of Not-for-Profit Organizations
AICPA Management Accounting Guidelines (MAGs) - The AICPA's MAGs provide practical guidance to CFOs, CEOs, boards of directors, and members of audit committees, and other professionals on a number of issues including risk assessment, analysis, control and reporting.	COSO Resources - The Committee of Sponsoring Organizations (COSO) is a joint initiative of five private sector organizations and is dedicated to providing thought leadership through the development of frameworks and guidance on ERM, internal control and fraud deterrence.
Scenario Planning: Plotting a Course Through an Uncertain World Financial Risk Management for Management Accountants Managing Opportunities and Risks Integrating Social and Political Risks into Business Decision-Making The Reporting of Organizational Risks for Internal and External Decision-Making Identifying, Measuring and Managing Organizational Risks for Improved Performance	Enterprise Risk Management- Integrated Framework Effective Enterprise Risk Oversight: The Role of the Board of Directors Strengthening Enterprise Risk Management for Strategic Advantage Embracing Enterprise Risk Management: Practical Approaches for Getting Started Developing Key Risk Indicators to Strengthen Enterprise Risk Management

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