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Understanding the COSO Enterprise Risk Management Framework

Coming soon to the OnDemand Library in Late Summer 2023

Course Description

The COSO Enterprise Risk Management Framework has been voluntarily adopted by internal audit organizations around the globe to help them create, develop, mature, and continuously improve their risk management processes. According to COSO, the Committee of Sponsoring Organizations of the Treadway Commission, updated the framework in 2017 to “focus on five components: Governance and Culture; Strategy & Objective Setting; Performance; Review & Revision; and Information, Communication & Reporting”. 

This self-study course, which is based on the COSO ERM Ribbon, will help internal auditors gain a foundational understanding of the components and principles that make up the ERM Framework.

Who will benefit from this course?

This course will benefit internal auditors at all levels, audit managers, compliance personnel, and all others desiring to gain a basic understanding of the COSO ERM Framework 2017.

Course Objectives

  • Obtain a basic understanding of COSO ERM Framework 2017.
  • Identify the five components of the COSO ERM Framework.
  • Recall the twenty principles of the COSO ERM Framework.
  • Explore how the components and principles may be used in conducting audit risk assessments.