COSO Enterprise Risk Management Framework - An Analysis

The book "COSO Enterprise Risk Management Framework - An Analysis" offers a comprehensive analysis of the COSO framework for Enterprise Risk Management (ERM). Given the increasing complexity and dynamics in the business world, shaped by globalization and technological changes, the importance of effective risk management is becoming increasingly clear. This dissertation first examines the extent to which the COSO ERMF can serve as a guide for implementing modern risk management. Subsequently, relevant legal regulations, standards, and other influencing factors on Enterprise Risk Management are analyzed and reflected upon in relation to the COSO ERMF to determine whether it covers all essential requirements. Finally, a practical example of implementing Enterprise Risk Management is presented, translating the theoretical insights into practice.