Purpose:
This research will examine the relationship between Sarbanes-Oxley compliance and Enterprise Risk Management. Requirements of Sarbanes-Oxley can drive implementation of COSO's new ERM framework as a means of adding value to SOX compliance and eliminating duplicate work.
This project will identify, through research and analysis, those practices that have allowed leading organizations to implement ERM in their SOX compliance and offer examples for other organizations to adopt.
Background:
Enterprise risk management (ERM) has emerged as a new paradigm for managing risk. Instead of relying on a traditional, intra-departmental strategy, where each area of the organization manages its own risks, ERM adopts a broader perspective that integrates and coordinates risk management across the entire organization. This enterprise-wide approach is ultimately intended to enhance and protect stakeholder value.
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