Reporting on the Effectiveness of Risk Management and Internal Control, COSO, risk management, internal control


	Global > Netherlands > Services > Accountancy > Corporate Governance Services > Reporting on the Effectiveness of Risk Management and Internal Control

Reporting on the Effectiveness of Risk Management and Internal Control

How do I make a well-founded report on the effectiveness of my risk management system and internal controls in my annual report?

A well-founded conclusion on the effectiveness of your risk management and internal controls begins with a systematic approach. In practice several risk and control frameworks are already available. The best known is the COSO framework.

Important elements for the implementation of such a framework are:

risk awareness
a common language
a uniform system for the execution of risk and management analysis
uniform reporting
an explicit assignment of tasks and responsibilities for risk and control
clear lines for the accountability for risks and the related management.

Security | Legal | Privacy

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms.

In The Netherlands the services are provided by independent subsidiaries or affiliates of Deloitte Holding B.V., which entity is registered with the trade register in The Netherlands under number 40346342.

RSS News Feeds | Sitemap