Standards for more effective use of integrated system for risk management
Application of Enterprise Risk Management system is nowadays considered as a major source of competitive advantage. Therefore, non-financial enterprises should review their current approaches to risk management. An important role is played by international norms and standards, providing a common system of terms, definitions of basic concepts and principles in order to harmonize and improve the quality of risk management processes in a global context. Article provides an overview of the most important and widely used standards, points to some practical aspects of their use, discusses their advantages and highlights the key constraints.
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Volume (Year): 2012 (2012)
Issue (Month): 2 ()
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