«Enterprise Risk Management – Aligning Risk with Strategy and Performance A public exposure draft issued by the Committee of Sponsoring ...»
The draft includes the important aspect of culture. ACCA was pleased that COSO have specifically drawn out in the exposure draft the importance of corporate culture and capabilities. However this is primarily framed in the context of “risk management” rather than in the wider context of delivering the organisations strategy and objectives. As the global body for professional accountants we strongly believe in the importance of attracting, developing and retaining talented individuals as outlined in Principle 6 of the document as critical to helping achieve the organisations objectives and helping the organisation manage the associated risks.