2017年内部控制外文翻译—内部控制与企业风险管理透视（节选）

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1、字数：英文 2788 单词， 16276 字符；中文 5242 汉字 出处： İdil Kaya.Perspectives on Internal Control and Enterprise Risk ManagementJEurasian Business Perspectives.2017,11(02):379-389 外文文献： Perspectives on Internal Control and Enterprise Risk Management Abstract Grounded on the literature review on Enterprise Risk Mana

2、gement (ERM) this paper aims to analyze the extent and the effectiveness of internal control as well as ERM and to explore their connection with the value creation. A theoretical lens is used to discuss whether effective internal control and ERM enhance performance and increase value creation abilit

3、y. ERM is most frequently defined with the reference to the 2004 Guidance document published by Committee of Sponsoring Organizations of Treadway Commission (COSO). Proponents of COSOs ERM Integrated Framework describe this framework as a world-level template for best practice, and claim that ERM us

4、ed by management to enhance an organization ability to manage uncertainty and to consider how much risk to accept as it strives to increase stakeholder value. Additionally the Internal Control Integrated Framework is a viable and suitable framework for designing, implementing, conducting and assessi

5、ng the effectiveness of internal control and for reporting. The relationship between value creation and ERM is widely investigated in academic literature. Empirical studies on the value creation abilities of ERM and internal control suggest that there is a positive relation between value creation, i

6、nternal control and ERM. These studies reveal that firm performance and value are enhanced by high-quality ERM adoption and implementation. Using different identifier of ERM such as Standard and Poors risk management ratings or presence of a Chief Risk Officer, the findings of empirical studies reveal that higher ERM quality is associated with less resource constraint, better corporate governance and better accounting performance. Additionally academic studies indicate that the risk-b