• A number of standards have been developed worldwide to help organisations implement risk management systematically and effectively. • Commonly used standards include: • ISO 31000:2009 – Risk Management Principles and Guidelines • A Risk Management Standard – IRM/Alarm/AIRMIC 2002 – UK’s 3 main risk organisations. • COSO 2004 - Enterprise Risk Management - Integrated Framework • OCEG “Red Book” 2.0: 2009 - a Governance, Risk and Compliance Capability Model RISK MANAGEMENT STANDARDS
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