Question asked by David Wooten
Some say that ERM will only occur at the Departmental level and above and that the bureaus (within Departments) will continue to only use the internal controls program. Are they correct?
AFERM Experts Say...
David, thank you for your question. In my view, ERM is intended to be forward thinking/scanning the horizon, while the existing internal controls only measure how well we are executing measurable components towards our strategic goals. ERM looks at what could keep us from accomplishing our goals, so it would seem that ERM would have to reach into the bureaus. I am not in the camp that views ERM as only a Departmental-level initiative.