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Risk Management & Internal Control
How Can the New ERM Framework Help You?
Patrick Stroh, Institute of Management Accountants Global Board Member and President, Business Strategy Innovation at Mercuiry Business Advisors, shares insights on the recently updated COSO Enterprise Risk Management (ERM) Framework. He highlights how the guidance moves from mitigation and controls to value creation, growth, innovation, and strategy. The updated framework focuses on five elements of good ERM, which guides businesses in developing a strategy that ultimately helps them reach their mission and vision.
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