About Board and Fraud

Board and Fraud is a blog that aims to bring a practical approach to issues facing the board of directors and the audit committee specifically in the area of governance, risk management, compliance, and internal audit, with a strong focus on fraud, ethics, and internal controls.

COSO ERM and Cloud Computing

Leveraging cloud computing in some industries may have been a strategic advantage at one point. What the pandemic brought to light was the need for more remote and flexible work environments and the IT infrastructure to support the organization in that effort. Utilizing cloud computing has become an essential element to compete in the marketplace.

The Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) issued new guidance on enterprise risk management for cloud computing. This writing is designed to help organizations using COSO’s ERM framework to improve their cloud governance.

Cloud governance helps and organization be better positioned to deal with risks that could impact its strategy and goals.

Specifically, the writing describes how to apply the COSO ERM framework by evaluating each component along with the 20 principles to cloud computing governance. You can download the document here.

Best, Jonathan T. Marks

Attribution: COSO

Please follow and like us:

Articles You Might Like

Share This Article

Share on facebook
Share on twitter
Share on linkedin
Share on tumblr

More Stories

%d bloggers like this:
Skip to toolbar