Enterprise Risk Management Analytical Essay by Top Papers

This paper examines the enterprise risk management (ERM) practice from the viewpoint of new financial reporting requirements in the corporate environment, specifically, those associated with Sarbanes-Oxley legislation within the United States (US) market. Furthermore, this COSO based implementation plan discusses ERM from the perspective of a single corporate enterprise: Pfizer. The paper explains that Pfizer's scale and scope of operations ensures that the company requires the most comprehensive of ERM plans. Additionally, the particular ERM planning strategy employed is the COSO framework in tandem with the required Sarbanes-Oxley compliance regulations.