{"product_id":"enterprise-risk-management-best-practices-isbn-9780470917404","title":"Enterprise Risk Management Best Practices","description":"\u003cb\u003eHigh-level guidance for implementing enterprise risk management in any organization\u003c\/b\u003e \u003cp\u003eA Practical Guide to Risk Management shows organizations how to implement an effective ERM solution, starting with senior management and risk and compliance professionals working together to categorize and assess risks throughout the enterprise. Detailed guidance is provided on the key risk categories, including financial, operational, reputational, and strategic areas, along with practical tips on how to handle risks that overlap across categories.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eProvides high-level guidance on how to implement enterprise risk management across any organization\u003c\/li\u003e \u003cli\u003eIncludes discussion of the latest trends and best practices\u003c\/li\u003e \u003cli\u003eFeatures the role of IT in ERM and the tools that are available in both assessment and on-going compliance\u003c\/li\u003e \u003cli\u003eDiscusses the key challenges that need to be overcome for a successful ERM initiative\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWalking readers through the creation of ERM architecture and setting up on-going monitoring and assessement processes, this is an essential book for every CFO, controller and IT manager.\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Overview of Enterprise Risk Management 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eERM Introduction 1\u003c\/p\u003e \u003cp\u003eGuidance:  History and Relationship 3\u003c\/p\u003e \u003cp\u003eOrganization View 5\u003c\/p\u003e \u003cp\u003eERM Today 7\u003c\/p\u003e \u003cp\u003eIncreased Pressure to Manage Risk 9\u003c\/p\u003e \u003cp\u003eAdditional evidence 10\u003c\/p\u003e \u003cp\u003ePerceived Barriers to Risk Management 11\u003c\/p\u003e \u003cp\u003eBuilding the Business Case for ERM: Value and Benefi ts 11\u003c\/p\u003e \u003cp\u003eKeys to Success 13\u003c\/p\u003e \u003cp\u003eSummary 15\u003c\/p\u003e \u003cp\u003eNotes 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Corporate Governance and Roles and Responsibilities 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBoard Behavior 18\u003c\/p\u003e \u003cp\u003eCorporate Culture 19\u003c\/p\u003e \u003cp\u003eRoles and Responsibilities 20\u003c\/p\u003e \u003cp\u003eSummary 23\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: ERM Defined 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinitions and Concepts 28\u003c\/p\u003e \u003cp\u003eRisk Categories 30\u003c\/p\u003e \u003cp\u003eInternal Environment 31\u003c\/p\u003e \u003cp\u003eSummary 34\u003c\/p\u003e \u003cp\u003enote 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: The ERM Process Step by Step 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStep 1 Strategy and Objective Definition 36\u003c\/p\u003e \u003cp\u003eStep 2 Event Identification 38\u003c\/p\u003e \u003cp\u003eStep 3 Risk Assessment 40\u003c\/p\u003e \u003cp\u003eStep 4 Risk Response 41\u003c\/p\u003e \u003cp\u003eStep 5 Communication 45\u003c\/p\u003e \u003cp\u003eStep 6 Monitoring 46\u003c\/p\u003e \u003cp\u003eOversight 47\u003c\/p\u003e \u003cp\u003eSummary 47\u003c\/p\u003e \u003cp\u003eNotes 48\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: COSO Framework and Financial Controls 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFocus on Financial Controls 49\u003c\/p\u003e \u003cp\u003eControl Environment 52\u003c\/p\u003e \u003cp\u003eIntegrity and Ethical Values 53\u003c\/p\u003e \u003cp\u003eBoard of Directors 55\u003c\/p\u003e \u003cp\u003eManagement’s Philosophy and Operating Style 57\u003c\/p\u003e \u003cp\u003eOrganizational Structure 57\u003c\/p\u003e \u003cp\u003eFinancial Reporting Competencies 58\u003c\/p\u003e \u003cp\u003eAuthority and Responsibility 59\u003c\/p\u003e \u003cp\u003eHuman Resources 60\u003c\/p\u003e \u003cp\u003eSummary 61\u003c\/p\u003e \u003cp\u003eNotes 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix 5A: Excerpt from a Code of Ethics Policy 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOur Guiding Principles and Values 64\u003c\/p\u003e \u003cp\u003eConflicts of Interest 64\u003c\/p\u003e \u003cp\u003eConfidential Information; Intellectual Property 65\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix 5B: Whistleblower Program 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReports Regarding Accounting Matters 67\u003c\/p\u003e \u003cp\u003eInvestigation of Suspected Violations 68\u003c\/p\u003e \u003cp\u003eDiscipline for Violations 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix 5C: Approval Policy and Procedures 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePolicy 69\u003c\/p\u003e \u003cp\u003ePurpose 69\u003c\/p\u003e \u003cp\u003eScope 69\u003c\/p\u003e \u003cp\u003eApprovals\/Documentation 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Financial Controls and Risk Assessment 74\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk Assessment 74\u003c\/p\u003e \u003cp\u003eFinancial Reporting Objectives 75\u003c\/p\u003e \u003cp\u003eFinancial Reporting Risks 76\u003c\/p\u003e \u003cp\u003eFraud Risk 77\u003c\/p\u003e \u003cp\u003eEntity-Level Controls 83\u003c\/p\u003e \u003cp\u003eExample: Risk Assessment and Financial Controls 84\u003c\/p\u003e \u003cp\u003eEvaluating Deficiencies 86\u003c\/p\u003e \u003cp\u003eSummary 87\u003c\/p\u003e \u003cp\u003eNotes 87\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix 6A: Entity-Level Control Assessment 88\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eControl Assessment Overview 88\u003c\/p\u003e \u003cp\u003eControl Environment 90\u003c\/p\u003e \u003cp\u003eOverall Evaluation of Control Environment 95\u003c\/p\u003e \u003cp\u003eRisk Assessment 96\u003c\/p\u003e \u003cp\u003eOverall Evaluation of Risk Assessment 98\u003c\/p\u003e \u003cp\u003eControl Activities 99\u003c\/p\u003e \u003cp\u003eOverall Evaluation of Control Activities 100\u003c\/p\u003e \u003cp\u003eInformation and Communication 101\u003c\/p\u003e \u003cp\u003eOverall Evaluation of Information and Communication 104\u003c\/p\u003e \u003cp\u003eMonitoring 105\u003c\/p\u003e \u003cp\u003eOverall Evaluation of Monitoring 108\u003c\/p\u003e \u003cp\u003eSummary Assessment 109\u003c\/p\u003e \u003cp\u003eOverall Assessment of Internal Controls 110\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix 6B: Accounts Payable Preliminary Controls\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAssessment Questionnaire 111\u003c\/p\u003e \u003cp\u003ePurchasing Controls Questionnaire 111\u003c\/p\u003e \u003cp\u003eInternal Control Assessment 112\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix 6C: Fraud Risk Factors: AU Section 316 114\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk Factors Relating to Misstatements Arising from Fraudulent\u003c\/p\u003e \u003cp\u003eFinancial Reporting 114\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Ongoing Compliance Overview 120\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOrigin of the Sarbanes-Oxley Act 120\u003c\/p\u003e \u003cp\u003eGenerating Value from Compliance 121\u003c\/p\u003e \u003cp\u003eMoving Beyond Initial Compliance 123\u003c\/p\u003e \u003cp\u003eReevaluating the Compliance Program 125\u003c\/p\u003e \u003cp\u003eSummary 131\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Ongoing Compliance Challenges 132\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFuture State Opportunity: Compliance Optimization 133\u003c\/p\u003e \u003cp\u003eIssues to Consider When Optimizing Compliance 136\u003c\/p\u003e \u003cp\u003eOngoing Compliance Plan 138\u003c\/p\u003e \u003cp\u003eRole of Internal Audit: Balancing the Compliance and\u003c\/p\u003e \u003cp\u003eAudit Functions 143\u003c\/p\u003e \u003cp\u003eEvolving Role of the Audit Committee 145\u003c\/p\u003e \u003cp\u003eSummary 148\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Addressing Compliance and Risk Management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChallenges through Automation 149\u003c\/p\u003e \u003cp\u003eSoftware Can Add Value Beyond Compliance 151\u003c\/p\u003e \u003cp\u003eMonitoring Software 152\u003c\/p\u003e \u003cp\u003eUtilization of Continuous Monitoring: Control Testing and Control\u003c\/p\u003e \u003cp\u003eAutomation 153\u003c\/p\u003e \u003cp\u003eBenefits of Continuous Monitoring 154\u003c\/p\u003e \u003cp\u003eContinuous Monitoring Tool Considerations 155\u003c\/p\u003e \u003cp\u003eContinuous Monitoring Process 155\u003c\/p\u003e \u003cp\u003eRisk Management Software 157\u003c\/p\u003e \u003cp\u003eUnifying Financial Statements, Close Tasks, and SOX Controls 159\u003c\/p\u003e \u003cp\u003eDetermining the Right Solution 159\u003c\/p\u003e \u003cp\u003eSummary 161\u003c\/p\u003e \u003cp\u003eNote 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Ongoing Compliance and IFRS 162\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInternational Financial Reporting Standards 162\u003c\/p\u003e \u003cp\u003eCommunicating the Impact 164\u003c\/p\u003e \u003cp\u003ePreparing for IFRS 166\u003c\/p\u003e \u003cp\u003eComprehensive IFRS Transition Approach 167\u003c\/p\u003e \u003cp\u003eKey Elements of an Effective IFRS Implementation 170\u003c\/p\u003e \u003cp\u003eSummary 172\u003c\/p\u003e \u003cp\u003eAbout the Author 173\u003c\/p\u003e \u003cp\u003eIndex 175\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eANNE M. MARCHETTI\u003c\/b\u003e has twenty-five years of finance and accounting experience in both private industry and public accounting. She is a Sarbanes-Oxley subject matter expert focused on the design, implementation, analysis, and optimization of internal control systems and corporate governance programs. Ms. Marchetti has worked globally with both public and private entities in most industries as well as organizations of all sizes. She regularly interacts with Big Four, middle market, and local external audit firms as a liaison on behalf of these organizations. She is a member of the AICPA faculty and is the author of \u003ci\u003eBeyond Sarbanes-Oxley Compliance: Effective Enterprise Risk Management and Sarbanes-Oxley Ongoing Compliance\u003c\/i\u003e Guide, both published by Wiley.    \u003c\/p\u003e\u003cp\u003eAlthough Enterprise Risk Management (ERM) is a top concern for organizations of all types across the globe, the process of implementing ERM often overwhelms business leaders, who fear they don't have the time, money, experience, or resources to develop and sustain what they perceive to be a daunting project. Written to demystify the entire ERM process, Enterprise Risk Management Best Practices shows you how to easily and painlessly implement and maintain a practical, cost-effective ERM plan in any organization, regardless of its size, finances, or resources. \t \u003c\/p\u003e\u003cp\u003eAuthor Anne Marchetti—a Sarbanes-Oxley expert and thought leader on the subject—provides step-by-step guidance complemented by simplified explanations of related concepts in a handy, reader-friendly guide. Enterprise Risk Management Best Practices begins by explaining how ERM initiative must begin from the top, with senior management and risk and compliance professionals working together to categorize and assess risks throughout the enterprise. Marchetti then provides detailed coverage on the key risk categories of concern—financial, operational, reputational, and strategic—along with practical tips on how to handle risks that overlap across categories. \u003ci\u003eEnterprise Risk Management Best Practices\u003c\/i\u003e proceeds to walk you through the entire process of crafting ERM architectures and setting up ongoing monitoring and assessment processes. \t \u003c\/p\u003e\u003cp\u003eA must-read for CFOs, controllers, finance executives, auditors, IT managers, and consultants who want to curtail surprises and losses as well as capitalize on business opportunities, \u003ci\u003eEnterprise Risk Management Best Practices\u003c\/i\u003e delves deeply into: \t \u003c\/p\u003e\u003cul\u003e \u003cli\u003eThe value and benefits of ERM\u003c\/li\u003e \u003cli\u003eCorporate governance: roles and responsibilities\u003c\/li\u003e \u003cli\u003eThe role of IT in ERM\u003c\/li\u003e \u003cli\u003eThe ERM process, step by step\u003c\/li\u003e \u003cli\u003eCOSO framework\u003c\/li\u003e \u003cli\u003eFinancial reporting competencies\u003c\/li\u003e \u003cli\u003eWhistleblower programs\u003c\/li\u003e \u003cli\u003eFinancial reporting objectives and risk\u003c\/li\u003e \u003cli\u003eMoving beyond and reevaluating initial compliance\u003c\/li\u003e \u003cli\u003eAvailable tools in assessment and ongoing compliance\u003c\/li\u003e \u003cli\u003eKey challenges you may face along the way\u003c\/li\u003e \u003cli\u003eBest practices for a successful ERM initiative\u003c\/li\u003e \u003cli\u003eInternational financial reporting standards\u003c\/li\u003e \u003cli\u003eKey elements of an effective IFRS implementation\u003c\/li\u003e \u003cli\u003eCost minimization and control optimization insights and strategies\u003c\/li\u003e \u003c\/ul\u003e \t \u003cp\u003eEven a minimal investment in risk assessment and risk management can improve efficiency and reduce losses in your organization. Let \u003ci\u003eEnterprise Risk Management Best Practices\u003c\/i\u003e guide you through a successful ERM program tailored to suit your company's unique needs.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989141766373,"sku":"NP9780470917404","price":63.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470917404.jpg?v=1761782967","url":"https:\/\/k12savings.com\/es\/products\/enterprise-risk-management-best-practices-isbn-9780470917404","provider":"K12savings","version":"1.0","type":"link"}