COSO > ERM Framework > Flashcards

ERM Framework Flashcards

(11 cards)

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1
Q

GO PRO

A

Governance & Culture

Objective/strategy setting

Performance

Review & Revision

Ongoing info, communication, reporting

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2
Q

DOVES

A

Governance and culture

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3
Q

SOAR

A

Strategy and objective setting

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4
Q

VAPIR

A

Performance

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5
Q

SIR

A

Review and revision

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6
Q

TIP

A

Ongoing info and communication and reporting

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7
Q
  1. DOVES
A 
Desired culture
Oversight by board
Values at the top
Employees capable
Structure, operating
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8
Q
  1. SOAR
A

Strategies, alternative
Objectives, business
Analyze business context
Risk appetite

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9
Q

3.VAPIR

A 
View,Portfolio view
Assess risk severity
Prioritize risk
Identify risk events
Response- arts
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10
Q
  1. SIR
A

Substantial change

Improvements, pursue them

Review risk and performance

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11
Q
  1. TIP
A

Technology, leverage it
Info, communicate risk info
Performance & risk reporting

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