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Author
Grygiel Jolanta, Rogowski Waldemar
Title
Enterprise risk management in the light of international standards
Source
Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia, 2009, nr 17, s. 699-708, rys., tab., bibliogr. 11 poz.
Keyword
Zarządzanie ryzykiem, Analiza ekonomiczna, Zintegrowany System Zarządzania Ryzykiem
Risk management, Economic analysis, Enterprise Risk Management (ERM)
Note
streszcz., summ..
Abstract
All three ERM Standards compared above are similar to some degree. They were developed in similar times and in the same language (and linguistic area). Moreover, their circumstances and origins were also alike. The main feature that differentiates Standards is their level of detail. Organizations and companies should consider ERM Standards as a flexible set of hints and pieces of advice useful during implementation of ERM processes and systems. In ERM, there is no single correct method or a "best practice" model. A particular standard may be introduced partially, to a preferable extent depending on company's or organization's needs and Standard's adequacy. For example, Standard FERMA is dedicated to those who have experience and solid knowledge about risk management, but they need support to set exist- ing ERM process in order. COSO II is originally addressed to companies listed on US Stock Exchange, and in practice - to entities with complicated organizational structure and having a need of tight regulations. Standard AS/NZ is appropriate for entities implementing ERM, but having no experience in risk management, and for those looking for a flexible solution, which may be adapted to entity's particular needs. (original abstract)
Accessibility
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics
Szczecin University Main Library
Bibliography
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  1. An overview comparison of the AIRMIC/ALARM/ IRM Risk Management Standard with the Australia /New Zealand Standard AS/NZS 4360:2004 and the COSO Enterprise Risk Management - Integrated Framework, AIRMIC 2005.
  2. AS/NZS 4360:2004 Risk management.
  3. Enterprise Risk Management - Integrated Framework. Committee of Sponsoring Organizations of the Treadway Commission, September 2004.
  4. Jajuga K.: Zarządzanie ryzykiem. PWN, Warsaw 2007.
  5. Łuczak M.: Ryzyko i kryzys w zarządzaniu przedsiębiorstwem. Wyższa Szkoła Ekonomiczna, Warsaw 2003.
  6. Gallati R.: Risk Management and Capital Adequacy. The McGraw-Hill Companies, Blacklick 2003.
  7. The Risk Management Standard. AIRMIC, ALARM, IRM: 2002.
  8. Rogowski W.: Opcje realne w przedsięwzięciach inwestycyjnych. Szkoła Główna Handlowa w Warszawie, Warsaw 2008.
  9. Rogowski W.: Zarządzanie ryzykiem w przedsięwzięciach inwestycyjnych. Oficyna Ekonomiczna, Cra cow 2005.
  10. Zarządzanie ryzykiem jako element podnoszenia wartości organizacji i budowy ładu korporacyjnego. Deloitte, materiały z konferencji Competing on Analytics, Warsaw, April 10-th, 2008.
  11. Zarządzanie ryzykiem w organizacjach. Ernst & Young, 2005.
Cited by
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ISSN
1640-6818
1733-2842
Language
eng
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