Enterprise Risk Management (Portfolio 5303)

  • This Portfolio analyzes a methodology that companies of all sizes can adopt to identify, assess, and manage risk.


This Portfolio, Enterprise Risk Management, analyzes a methodology that companies of all sizes can adopt to identify, assess, and manage risk. Companies increasingly operate in a volatile business environment. Accordingly, managing risk must take an enterprise-wide perspective, focusing on strategic, operational, and financial risks in addition to the traditional attention to hazard risk. While enterprise risk management is not a mathematical exercise, the measurement of risk is important. The Portfolio examines various assessment approaches, from qualitative to quantitative. The Portfolio discusses how enterprise risk management can be integrated with other management initiatives such as strategic planning, merger and acquisition evaluations, the balanced scorecard, budgeting, internal auditing, crisis management, and corporate governance.

Other Portfolios in the Accounting Policy and Practice Series separately analyze these other initiatives. The Sarbanes-Oxley Act created new requirements for risk management disclosures related to financial reporting. In addition, the Securities and Exchange Commission has required registrants to disclose more information on risk factors of their business. The Portfolio discusses these and other regulatory requirements and how companies can employ ERM in complying with them. Enterprise risk management is not merely a United States phenomenon; companies in other countries are advanced in their implementation of it. The Portfolio examines the regulatory requirements and disclosures for a number of these countries.

This Portfolio may be cited as Bloomberg Tax Portfolio 5303, Shenkir and Walker, Enterprise Risk Management (Accounting Policy and Practice Series).

Table of Contents

I. Introduction, Background, and Scope of Portfolio
II. Foundational Elements of Enterprise Risk Management
III. Risk Measurement
IV. Integrating Enterprise Risk Management With Ongoing Management Activities
VI. International Frameworks and Regulations Related to Enterprise Risk Management
VII. Assessing Enterprise Risk Management in a Globally Competitive Market

William Shenkir
William Stamps Farish Professor of Free Enterprise Emeritus
UVA, McIntire School of Commerce
Paul Walker
James J. Schiro / Zurich Chair in Enterprise Risk Management and Executive Director, Center for Excellence in ERM
St. John's University