... entity-wide risk management processes. •The exisƟng level and distribuƟon ofrisks across risk categories (e.g., financial risk, market risk, operaƟonal risk, reputaƟon risk, etc.)ExisƟng Risk ... strategy, risk management, control, and governance, COSO issued its Enterprise Risk Management Integrated Framework to help boards and management understand an enterprise-wide approach to risk management. ... day-to-day management of risks encountered by the organizations they serve. The role of the board is to oversee whether the risk management processes designed and implemented by senior management...