International Enterprise Risk Management Standards
| AS/NZS 4360: Risk Management (2004) |
AS/NZS 4360 provides a generic guide for identifying, analyzing, evaluating, treating, monitoring, communicating, and managing risk to achieve a more confident and rigorous basis for decision-making and planning and more effective allocation and use of resources. This standard is voluntary. |
Applies to a wide range of activities, decisions or operations of any public, private or community enterprise, group or individual |
| COSO ERM (2004) |
COSO ERM is a framework providing integrated principles, common terminology and practical implementation guidance supporting entities' programs to develop or benchmark their enterprise risk management processes. This standard is voluntary. |
Applies to management, directors, regulators, academics and others who are interested in better understanding enterprise risk management |
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