The COSO Risk Management Framework and COSO’s ERM process.

1. Summarize the COSO Risk Management Framework and COSO’s ERM process.

2. Recommend the approach management should take to implement an effective ERM program. Include the issues and organizational impact they might encounter if they do not implement an effective ERM program.

3. Analyze the methods for establishing key risk indicators (KRIs).

4. Suggest the approach that the organization should take to link the KRIs with the organization’s strategic initiatives.

5. Use at least three quality resources in this assignment (in addition to—and which support—the documents from the COSO website referenced in this assignment). Note: Wikipedia and similar websites do not qualify as quality resources.