Annotated Bibliography

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Annotated Bibliography

Arnold, V., Benford, T., Canada, J., & Sutton, S. (2011). The Role of Enterprise Risk Management and Organizational Strategic Flexibility in Easing New Regulatory Compliance. International Journal of Accounting Information Systems, 12(3), 171-188.

The impact of new regulatory requirements for internal control reporting on an organization's ability to maintain strategic flexibility has been debated in the popular press extensively. This paper tests theory from strategic management to examine the relationship between an organizations' pre-regulatory strength of strategic enterprise risk management (ERM) processes and their ability to react to new regulatory mandates. In the context of companies' adoption of SOX Section …show more content…
M., & Bennett, S. J. (2013). Enterprise risk management. The RMA Journal, 95(6), 22-27,11. Retrieved from http://search.proquest.com/docview/1382042132?accountid=13360
A significant function to Enterprise Risk Management within banking system involves Credit Portfolio Management (CPM). CPM should measure and report the bank’s credit risk tolerances and configure its risk-adjusted return. The CPM needs to be integrated clearly with other business functions to ensure its effectiveness within the entity. This article displays a detailed description of a practical function of ERM being used in everyday operations. Demonstrating how a CPM is configured ultimately describes the purpose of ERM and its usefulness.

Hoyt, R., & Liebenberg, A. (2011). The Value of Enterprise Risk Management. The Journal of Risk and Insurance, 78(4), …show more content…
(2015). Why firms implement risk governance – Stepping beyond traditional risk management to enterprise risk management. Journal of Accounting and Public Policy, 34(5), 441-466.

In response to previously flawed risk management operations, shareholders of many companies have pushed for Enterprise Risk Management. This study argues that Enterprise Risk Management should be viewed as a combination of traditional risk management and risk governance each with its own variables. By investigating the determinants of risk management and governance, this study attempts to simplify the complexity of ERM. Evidence based on the study suggests that the amount of risk governance in a company is related to the size of that company. This study shows how ERM is actually being controlled by the interests of the stakeholders in the company rather than the company itself. This offers another aspect of how ERM is implemented in the insurance

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