Logic Manager also has the capability of managing incidents, I assume these incidents can be related to risks and opportunities that have been identified. This allows the company to have an incident management system and risk management tool in a single solution, keeping maintenance costs down and ensuring that incidents don’t go unattended.
Tags » COSO
In order to determine the completeness of the overall processes a control framework model can be a strong reference to commonly known best practices. The COSO (Committee of Sponsoring Organizations) and CoCo (Canadian Criteria of Control Board) are widespread and serve many large organizations as a guide to implement and maintain a robust control framework.
It’s not that long since we were dismissing the Internet of Things as something very much ‘next generation’. But, as you will see from Deloitte’s collection of articles ( 461 more words
Tate's Excellent Audit Committee Guide - Completed Initial Edition - 115 Pages Plus Additional Links
Click on the link at the bottom of this post for a pdf of the completed initial edition of Tate’s Excellent Audit Committee Guide 08042015. The guide is for boards and audit committees of public companies, private companies, nonprofits, and governmental entities. 69 more words
Logic Manager has a number of features dedicated to mitigation and monitoring. Within the COSO ERM framework this would be equivalent to the “Risk Response” , “Control Activities”, “Information and Communication” and “Monitoring” components. 127 more words