COSO Risk Assesment

This Geller project is more of a COSO model project. If you haven't run into before, the Committee of Sponsoring Organizations (COSO) a part of something called the Treadway Commission, came together to solve an issue back in the 1980s in that there was no standard framework for identifying, assessing, managing, and monitoring overall risks to companies. It became "famous" post 2002 when Sarbanes-Oxley (which was concerned specifically about financial statement risks - a subset of the broader business risks) pushed the COSO framework for managing financial statement risk.

Regulatory compliance would be one of the risks within a COSO model around investment advisors. I can't find COSO risk assessment expertise within Navigant. Banking and VFRM apparently have some SOX experience, but again, that's a subset of overall risk (and neither of those groups has any resources to share with us on this.

Do you think your buddy in the contractor business can locate a COSO risk assessment expert that we can use on the project? The project involves four service pillars of a multi-family office service provider : investments, tax services, "family CFO" services (bill pay, cash management, etc.), and the internal administrative and back office processes that support the overall company.

Definitely more weighted to the business side, but includes tech. More COSO than COBIT. We believe the firm is less of an IT shop and more of a business using software.