109. Which one is better ISO 31000 or COSO ERM?

Alex Sidorenko from RISK-ACADEMY talks about which standard is better for non-financial companies, the new COSO ERM or the new ISO31000.
According to Alex from the Risk Academy, both ISO 31000 and COSO ERM should be read by risk practitioners to investigate if there is anything useful in either of the documents. He also mentions that there is nothing fundamentally new in either of the documents, but they can be used as a marketing piece to sell risk management concepts to decision makers and executives. Additionally, he suggests that the concepts proposed in these standards have been discussed and implemented in the risk management profession for years, and some countries are already light years ahead in terms of maturity of risk management.
COSO vs ISO31000 webinar: riskacademy.wo...
The risks of using risk matrices riskacademy.wo...
Join this channel as a member for new videos, RAW workshops or online courses / @riskacademy
Read more risk management articles at riskacademy.blog/
Watch the best practical workshops and case studies from RISK AWARENESS WEEK riskacademy.vo...
DOWNLOAD our risk management book for free. Number 1 in Google search globally with 200000+ downloads www.researchga...
Or check out online short courses on Udemy www.udemy.com/... Check out awesome risk management quantitative software www.archerirm.... Enhance your company's risk management practices and improve the quality of your board's decision making with our advanced risk governance course, which covers everything from traditional risk management elements to advanced risk oversight and includes practical case studies and additional resources to strengthen your board's oversight. courses.dcroi....

[@RISKACADEMY]

Learn more about integrating risk management into decision making, planning and performance management: www.udemy.com/course/1687492/ Download the #1 risk management book in the world: www.researchgate.net/publication/323254437_FREE_RISK_MANAGEMENT_BOOK_GUIDE_TO_EFFECTIVE_RISK_MANAGEMENT_30 Some of the best risk management training courses focusing on decision making, cognitive biases, ERM, risk modeling: riskacademy.blog/product/risk-managers-training/ Join the discussion with global risk management experts on LinkedIn: www.linkedin.com/groups/1834592/ Prefer audio or podcasts? We have you sorted: soundcloud.com/riskacademy MUST read for all risk managers in non-financial companies: riskacademy.blog/category/hot/

[@congdothanh9316]

Looking forward your series

[@ouzaloid]

Thank you, priceless advice that you dont find in books

[@RISKACADEMY]

Glad it was helpful!

[@ariyacianci]

Some great points here!

[@arthurkuv1353]

Well done mate👍

[@RISKACADEMY]

Thank you! Cheers!

[@Fahad-dh8pt]

i did not see any point of the video but criticizing

[@RISKACADEMY]

Obviously, both standards are rubbish

[@ahmadmaali492]

@@RISKACADEMY Great, So, If you find them not appropriate, what is the alternative, what do you find is the best approach, Framework or methodology to be implemented for risk management. Could you please share with us your perspective. and I will be realy thankful for your valuable feedback

[@RISKACADEMY]

I have been answering this question for the last 10 years, one just doesn't have to be lazy to find my alternative, in either my free risk management book (most downloaded free risk book on the planet, just google free risk management book), risk-academy blog with 800 articles or this KZbin with 1000 videos or annual risk awareness week (more than 10000 participants) or my RAW@AI chatbot that can answer this and many more questions ​@@ahmadmaali492

[@jhonjairosarria1891]

Cordial saludo. Agradezco su valiosa colaboración para diligenciar el siguiente formulario, el cual hace parte de mi proceso de tesis. Por favor rotarlo a personal que labore en áreas de control interno y riesgos. Muchas gracias. goo.gl/forms/2epsS1xh5BxAJ1Yj1