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Meycor COSO , a Comprehensive Solution for Enterprise Risk Management ( ERM ). COSO I. COSO II. MEYCOR COSO AG - A Comprehensive Solution. Meycor COSO AG. Assessment Module. Audit Module. MEYCOR COSO AG. Meycor COSO AG includes several activities to be assigned to
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Meycor COSO AG includes several activities to be assigned to
the parties involved in the Risk Management process and a
methodology project to provide a step-by-step guide.
Fully customizable to meet the
organization's needs and corporate culture.
Easily define the organizational
structure and its related processes,
managing web communications.
Using a fully customizable self-assessment you can get a quick diagnosis of how the current Risk Environment and Controls are perceived.
You can quickly identify the items that need to be addressed in order to focus resources.
Fully understand your organization's attitude towards risk and how the entity's personnel handles and reacts to risks.
process, classifying and assigning them
Strategic objectives can be traced to the
highest organizational level.
You can even define a different risk
threshold for each objective.
Enterprise Risk Management ensures that Senior Management has a process in place to establish objectives and that the objectives thus selected contribute to the entity's mission.
with the collaboration
of all the areas involved.
Meycor COSO AG includes
a sample event database
for common processes.
Internal and external events that affect the entity's objectives
must be identified and classified as Risks or Opportunities.
likelihood of occurrence
Risks are analyzed considering their likelihood and impact in order to determine how they should be managed.
quantitative loss analysis by
identifying the value of the
and compared against the
acceptable level set by
Senior Management selects the possible answers (avoid, accept, minimize or share), developing actions to align the risks with the maximum acceptable risk and the entity's tolerance to risks.
several treatment options
combined could seriously compromise
the achievement of the objectives.
for each risk and assess their effectiveness
(being even possible to audit them later on).
If the processes' activities are analyzed,
the control activities can be linked directly
Policies and procedures are set and executed to ensure that the risk response is performed effectively.
All relevant information is identified, captured and communicated timely and accurately in order to
enable the staff to take on full accountability. An effective communication needs feasible channels throughout the entity.
Risk Maps and Reports are published
in such way that each area must take
responsibility for their risks.
Each area is accountable
for their own risks
documents and check whether they were
read, understood and agreed on.
in RTF, HTML and XLS formats
as well as several charts
including specific information.
the risk information
in a read-only format
in order to define
the Audit Projects.
Enterprise Risk Management is thus entirely monitored, being possible to make timely changes when appropriate. This monitoring can be easily performed either through Senior Management activities or independent assessments.
allows you to
use Audit Guidelines
to perform the review
process and to
define and manage Action Plans
to improve controls.
Meycor KP – Event Module
OS for Operational Risk Management
Generate the control documents necessary to report to Senior Management, to the Operational Risk Committee, and to any areas involved.
can report loss events
to identify possible
changes to the
(Key Risk Indicators)
that can be populated
automatically from the