COSO ERM Framework

The COSO Enterprise Risk Management (ERM) Framework is a structured approach businesses use to identify, assess, and manage risks that could affect their goals. It emphasizes integrating risk management into an organization’s strategy and operations. The framework helps organizations create a culture of risk awareness, ensuring they make informed decisions while pursuing objectives. Key components include governance, risk assessment, risk response, and communication. By applying COSO ERM, businesses enhance their resilience and ability to seize opportunities while minimizing potential threats.