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A content level comparison of COSO ERM and ISO 31000

Posted by Manoj Kulwal on July 24, 2015 at 20:23 in Opinions

Recently, the RiskSpotlight team conducted a detailed analysis of the content within COSO ERM & ISO 31000 documents. Our analysis revealed the following: - 

  • Neither of them provides guidance on all the risk management topics, risk management practitioners have to consider when developing ERM frameworks for their organisation. 
  • You cannot  build a comprehensive ERM framework based on only one of them. 
  • There is a significant amount of overlap in guidance between them.
  • On some of the topics, the differences are significant. 

You can see a video covering the key similarities and differences at the link below. 

http://riskspotlight.com/coso-iso31000

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Tags: 31000, coso, erm, iso, iso31000
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