COSO Enterprise Risk Management–Integrating with Strategy and Performance

How the integration of risk, strategy and performance can create, preserve and realize value for your business.

The new COSO Enterprise Risk Management Framework is changing the conversation we have about risk

The Framework -- Enterprise Risk Management–Integrating with Strategy and Performance -- is one of the most widely recognised and applied risk management publications in the world.  It outlines how executives can have greater confidence in addressing many critical 21st century business challenges as they navigate evolving markets, rapid innovation and heightened regulatory focus. 

The Framework is designed to turn a preventative, process-based risk monologue into a proactive, opportunities-focused conversation to uncover how risk management can create, preserve and realise quality and value.

What do you need to know about the new COSO Enterprise Risk Management (ERM) Framework?

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What is the COSO ERM – Integrated Framework?

Originally developed in 2004 by COSO, the COSO ERM – Integrated Framework is one of the most widely recognized and applied risk management frameworks in the world. 

Over the past decade the complexity of risk has changed and new risks have emerged.  A call from stakeholders for greater transparency and accountability as well as the prominence of risk discussions at the board level prompted a review and refresh of the Framework to address the evolution of enterprise risk management and the need for organizations to improve their approach to managing risk.

In 2014, COSO engaged PwC as the principal author of the update. The project garnered global, cross-industry and both public and private sector interest. The new Framework, now titled Enterprise Risk Management-Integrating with Strategy and Performance, both preserves and builds upon the strengths of the original publication while clarifying and expanding on guidance where it was deemed helpful to do so.  

Contact us

Dennis Chesley
COSO Project Leader and Global Risk Consulting Leader, PwC United States
Tel: +1 (202) 730 8036

Frank Martens
Global Methodology and Framework Leader, PwC Global
Tel: +1 (604) 806 7590

Helene Katz
Director, PwC United States

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