Coso releases ERM Integrated Framework

NEW YORK – The Committee of Sponsoring Organisations of the Treadway Commission (Coso) has released the enterprise risk management (ERM) Integrated Framework , providing management and boards of directors with a roadmap for identifying and managing business risks in both public and private companies.

The release of the framework, which was originally scheduled for July, was delayed to allow for a wider range of industry comment on the draft framework.

Rick Steinberg, former partner and corporate governance leader at PricewaterhouseCoopers (PwC), says the different industry sectors will be producing guidelines specific to their industries.

"We expect that the industry trade groups will be guiding their members as to how best they can implement the framework," says Steinberg, who is now