When Deborah F. Kretchmar, audit director of Horace Mann Cos., flipped through the introduction of Four Approaches to Enterprise Risk Management ... and Opportunities in Sarbanes-Oxley Compliance, she knew she had to have it."I bought the book because my company is looking at enterprise risk management and thinking about developing a more formal process for it," Kretchmar said. "We have informal processes, but S&P and Moody's are very interested in seeing us move toward a more formal process that they can place more reliance on."
What impressed Kretchmar was the book's promise that developing an ERM process did not have to be hugely expensive. By identifying how ERM works and what its best practices are, a company can take a cost-effective approach based on what's best for the company.
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