Enterprise Risk Management
The AICPA Enterprise Risk Management (ERM) website provides resources to enable AICPA members to add value to their organization and client ERM initiatives.
The discipline of enterprise risk management focuses on building risk management capabilities within the organization. This begins with risk assessment.
There is no 10 or 12 step program to implement, monitor and develop a program but is guided by each entities governing principles. Governance principles, frameworks and practices can be found within this section.
This section includes supplemental resources for implementation, execution of responsibilities and best practices related to Risk Assessment and Governance.
Spotlight
2020 Report on the Current State of Enterprise Risk Oversight Eleventh Anniversary Edition NC State's ERM initiative, in partnership with the American Institute of CPAs, released its 2020 Overview of ERM Practices. Based on survey responses from 563 business executives spanning a number of industries, types, and sizes, the report provides detailed insights about the lessons from COVID-19 and maturity of their organization's current state of ERM practices.
Mark Beasley, KPMG Professor and Director of the ERM Initiative in the Poole College of Management at NC State University spoke at a livestream event on Monday, March 16, 2020, about applying ERM core principles to manage the multitude of risks triggered by COVID-19. Hosted by the Raleigh Chamber of Commerce, Mark outlined how key concepts from enterprise risk management might provide a framework for organizing how we prioritize and respond to the most critical risks triggered by COVID-19. He highlighted tips for managing risks for the “Here and Now” and for later when we rebuild once COVID-19 is behind us.
The ERM Initiative in the Poole College of Management at NC State University, in conjunction with global consulting firm Protiviti, annually surveys boards of directors and C-suite executives about risks on the horizon for the upcoming year. The most recent report, 2020 Executive Perspectives on Top Risks, highlights top risk concerns on the minds of executives for 2020.
Social Media
Join the AICPA Enterprise Risk Management group on LinkedIn!
(You must be a member of the AICPA LinkedIn group first.)
