Description
Make sure you know about ERM, COSO. It’s a tough assignment, I need high grade. If you don’t know the content, don’t bid.
Individual Assignment 2
ERM- Integrating with Strategy & Performance for your Selected Company
Background Overview: During the development of ERM- Integrating with Strategy &
Performance, the PWC Project Team received requests for publication to include examples of
the Framework in use. The publication (provided in Canvas -> Assignments -> Assignment #2)
called, “COSO Compendium of Examples” responds to that request, providing illustrations of
how organizations of different types and sizes and in different industries and geographies might
choose to apply these principles.
These examples are standalone business practices/ cases where some ERM components and
principles are illustrated in each case. The examples are not meant to provide “how-to”
instructions or illustrate best practices but are meant to be examples to show how principles
can be applied, with each focusing on aspects of different components covered in ERMIntegrating
with Strategy & Performance”. The cases are covered in 9 chapters across:
● Introduction (Ch 1)
● Local: Financial Services Company (Chapter 4); Consumer Products Company (Chapter 7)
● National: Government Entity (Ch 3), Energy Company (Ch 7), Technology Company (Ch
8), Healthcare Company (Ch 10)
● International: Higher Education Institution (Ch 2), Not-for-profit Entity (Ch 6), Industrial
products company (Ch 9)
●
Assignment Objective:
You are a consulting firm (for example, PWC, EY, KPMG), and your objective is to identify gaps
in the company’s risk framework that can be remediated by implementation of 4 or more COSO
principles.
Read all the chapters and choose a company and apply at least 4 or more aspects of different
components covered in ERM- Integrating with Strategy & Performance”. You can choose the
company selected for Assignment 1 or choose a new company. As before, no duplicates.
Leverage this thought leadership piece and apply it to your chosen company. You can apply the
ERM concepts discussed in one or more chapter for the company chosen. Provide rationale on
why these concepts are relevant for that company.
You can use a word, PowerPoint, excel or your preferred format. Maximum 3 pages- single
space in word. Provide your name / UNI, clear assumptions, references and citations, proper
format / spelling and grammar / length.
Template and Rubric for Grading:
10 points –
Professionalism
(Written
material)
20 points 50 points 20 points Total
100
Position clearly
stated Structure,
Development,
and Consistency-
Organization,
flow and
coherence of
ideas. Correct
use of
terminology and
concepts taught
in class,
grammatically
correct and clear
layout.
Identify the
firm’s material
risks.
(maximum 4
risk types. The
goal is not an
exhaustive list
of risks but to
demonstrate
Understanding
of the firm’s
risk profile
and establish
context for
the COSO
principles)
1) Which COSO
principles should
be applied- please
pick 4 or more.
2) Summarize the
benefits of ERMPrinciples
for the
company selected
Demonstrate a plan to
apply the chosen
principles and build/
strengthen ERM
capabilities.