Making Enterprise Risk Management Pay Off

Headnote

READING

Making Enterprise Risk Management Pay Off by Thomas L. Barton, William G. Shenkir, and Paul L. Walker ISBN 1-885o65-21-3 2001; 250 pages; $75-00

Published by the Financial Executives Research Foundation, Inc.

Phone Orders (U.S. and Canada only): 800-680-FERF

Outside the U.S.: [phone]

Web site: www.ferf.org

IN MAKING ENTERPRISE RISK Management Pay Off, the authors discuss the many risk matters of which internal auditors should be aware to effectively serve the needs of management and the board of directors. The authors suggest that risk management provide a forward-looking strategic evaluation, monitoring, and disposition of both risks and opportunities. Beginning with a helpful discussion of the contextual factors causing the rapidly escalating interest in enterprise risk management (ERM), the book also provides a list of the major materials published on the subject since the Committee of Sponsoring Organizations of the Treadway Commission (COSO) issued its landmark internal control framework in 1992.

The authors substantiate the need for enterprise-wide attention to risk assessment, evaluation,...