Tools and tips for enterprise risk management

Enterprise risk management is one of those buzzwords that has carved out more corporate mind share in recent years. Executives have always been focused on managing risk, but the process has been "from a reactive exposure-by-exposure standpoint or a silo approach," according to some new guidance from the Institute of Management Accountants (IMA). But in today's climate, most enterprises would be better off with a "proactive, integrated, across-the organization perspective." A holistic view of risk makes a lot of sense, especially from a large branding perspective. In this view, Sarbanes-Oxley-related risk is one set of "risks that exists under a larger umbrella." The IMA has just published a new statement on IMA that includes a lot of tips and tools for implementing such a system. The good news is that they allow financial professionals to really grow, underscoring their value to the organization. A copy of the statement, called "Enterprise Risk Management: Tools and Techniques for Effective Implementation," is available on the IMA website.

For more:
- here's a release