Enterprise risk management [1] is one of those buzzwords that has carved out more corporate mind share in recent years. Executives have always been focused on managing risk, but the process has been "from a reactive exposure-by-exposure standpoint or a silo approach," according to some new guidance from the Institute of Management Accountants (IMA). But in today's climate, most enterprises would be better off with a "proactive, integrated, across-the organization perspective." A holistic view of risk makes a lot of sense, especially from a large branding perspective. In this view, Sarbanes-Oxley-related risk is one set of "risks that exists under a larger umbrella." The IMA has just published a new statement on IMA that includes a lot of tips and tools for implementing such a system. The good news is that they allow financial professionals to really grow, underscoring their value to the organization. A copy of the statement, called "Enterprise Risk Management: Tools and Techniques for Effective Implementation," is available on the IMA website [2].

For more:
- here's a release [3]