Why Coso is flawed
Coso not only fails to help a firm assess its risks, it actually obfuscates the risk assessment process. By Ali Samad-Khan
Operational risk is one of the most significant risks that businesses face in today’s complex global economy. For most of the world’s leading institutions it has become more than apparent that implementing an effective op risk management programme can help reduce losses, lower costs associated with fixing problems and increase customer and employee satisfaction, thereby improving financial performance and enhancing shareholder value.
Basel II may have forced banks to review their approach to
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