1. Home
  2. Construction and public works
  3. Construction law and general management
  4. Global risk management and performance - From the internal control to the ERM

  5. LP-HC events and HL-HI reserve

Article | REF: C8106 V1

Global risk management and performance - From the internal control to the ERM

Author: Francis CLAUDE

Publication date: February 10, 2015

You do not have access to this resource.
Click here to request your free trial access!

Already subscribed? Log in!

Français

1. LP-HC events and HL-HI reserve

COSO I is associated with the first international reference framework, the first non-academic prescription, linking risk assessment to internal control and recognized by professionals. More precisely, as defined by COSO in 1992, internal control is a process implemented by an entity's board of directors, management and employees. It is designed to provide reasonable (not absolute) assurance regarding the achievement of objectives in the following areas:

  • operational efficiency and effectiveness;

  • reliability of financial information ;

  • compliance with applicable laws and regulations.

The cube model reveals three faces on which it appears (figure 1...

You do not have access to this resource.

Exclusive to subscribers. 97% yet to be discovered!

You do not have access to this resource.
Click here to request your free trial access!

Already subscribed? Log in!

The Ultimate Scientific and Technical Reference

A Comprehensive Knowledge Base, with over 1,200 authors and 100 scientific advisors
+ More than 10,000 articles and 1,000 how-to sheets, over 800 new or updated articles every year
From design to prototyping, right through to industrialization, the reference for securing the development of your industrial projects

This article is included in

Construction law and general management

This offer includes:

Knowledge Base

Updated and enriched with articles validated by our scientific committees

Services

A set of exclusive tools to complement the resources

Practical Path

Operational and didactic, to guarantee the acquisition of transversal skills

Doc & Quiz

Interactive articles with quizzes, for constructive reading

Subscribe now!

Ongoing reading
LP-HC events and HL-HI reserve
Outline