IRM, ERM, and GRC: Is There a Difference?
Reciprocity
AUGUST 24, 2022
Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. As a result, in 2004, the Committee of Sponsoring Organizations (COSO) issued a second framework: Enterprise Risk Management -Integrated Framework , subsequently updated in 2017.
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