A MORE EFFECTIVE AUDIT AFTER COSO ERM 2017 OR AFTER ISO 31000:2009?

• DOI: 10.37572/EdArt_30082145318

• Palavras-chave: Financial frauds, COSO, ISO 31000, ERM 2017, audit

• Keywords: Financial frauds, COSO, ISO 31000, ERM 2017, audit

• Abstract:

  This paper aims to consider the better effectiveness of an audit after the use of ERM 2017 or ISO 31000. To do this COSO existence and evolution will be considered and related to the biggest financial scandals and its output in terms of control schedules. Some criticisms to COSO Cube will be pointed out and the new ERM 2017 will be described.  ISO 31000 will be considered as an alternative guideline to be used as to the Risk Management of any organization. A comparison between the two sets of Risk management will be achieved. The audit process after grasping that the company has risk management will be developed in a much assured way once for audit objectives these are different but valid schemes of risk management control. This study contributes as a challenge for the researchers and practitioners in the organizations to take into account. This way as future research perspective one could suggest the identification of organizations using one scheme (ERM) or another (ISO) analyse and compare them to evaluate their particular effectiveness and accrued value. 

• Número de páginas: 15