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Norman David Marks replied to Leen Paape's discussion Is COSO helpful? Research shows there is doubt
"Happy to chat - offline"
Jun 21, 2011
Norman David Marks replied to Leen Paape's discussion Is COSO helpful? Research shows there is doubt
"Len, I am disappointed - but by the work done, not by the task itself. COSO commissioned a study on the effectiveness of its framework, but it was not independent. I believe an independent study that includes the right questions and interviews of…"
Jun 21, 2011
Norman David Marks replied to Leen Paape's discussion Is COSO helpful? Research shows there is doubt
"Len, I prefer ISO to COSO (preferred the ANZ standard more) - but that's not relevant. The issue is whether the opinion of the authors is supported by the results as presented. What I saw is evidence that ERM is not practiced as often or as well as…"
Jun 21, 2011
Norman David Marks replied to Leen Paape's discussion Is COSO helpful? Research shows there is doubt
"I don't know about you, but there are a lot of words in this paper that mean something to academics but not to practitioners. I found that the conclusions reached about COSO were not supported by facts or arguments - just expressed."
Jun 21, 2011
Norman David Marks commented on Steven Minsky's blog post 5 Reasons to put ERM tools on your GRC shortlist
"On the question of tools for Governance, there are many. For example, there are tools for:

Board reporting
Whistleblower lines
Investigations
Legal case management
Internal audit management
Strategy management
Performance management
Financial…"
Apr 27, 2011
Norman David Marks commented on Steven Minsky's blog post 5 Reasons to put ERM tools on your GRC shortlist
"Steve, let me use a simile to explain how I feel about the phrases "GRC tools" or "GRC platforms".
 
Accounts Payable is to Finance as Risk Management is to GRC.
 
In other words, GRC covers a broad array of processes, organizations, and systems.…"
Apr 27, 2011
Norman David Marks commented on Steven Minsky's blog post 5 Reasons to put ERM tools on your GRC shortlist
"Steve, just what is a "GRC program"? While I believe there is a GRC perspective, a set of processes, oprganizations, etc. that make up how an organization optimizes value, considering risk, and staying in compliance, I don't believe there are GRC…"
Apr 27, 2011
Norman David Marks commented on Steven Minsky's blog post 5 Ways to put Risk Appetite into action
"Steve, people might be interested in the discussion of risk appetite at http://normanmarks.wordpress.com/2011/04/14/just-what-is-risk-appet..."
Apr 22, 2011

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  • Boris Agranovich April 8, 2011 22:24
    Hi Norman, It’s great to have you here! Feel free to invite new people, participate in discussions, activities and share knowledge. If you've got a frog for a picture, hurry up and replace it!
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