IRM Enterprise Risk Management Framework (Institute of Risk Management) vs PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR)
What is the difference between IRM Enterprise Risk Management Framework (Institute of Risk Management) and PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR)?
IRM Enterprise Risk Management Framework (Institute of Risk Management) is a risk management framework applying in International (IRM), with 7 controls across 7 domains. PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR) is a financial services framework applying in the United States (PCAOB), with 8 controls across 8 domains. They govern different subjects, so the overlap is limited to the governance requirements they share. The mapping below shows where that is.
IRM Enterprise Risk Management Framework (Institute of Risk Management)7 controls
PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR)8 controls
Questions people ask about IRM Enterprise Risk Management Framework (Institute of Risk Management) and PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR)
What is the difference between IRM Enterprise Risk Management Framework (Institute of Risk Management) and PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR)?
IRM Enterprise Risk Management Framework (Institute of Risk Management) has 7 controls while PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR) has 8 controls. Both frameworks address compliance requirements but differ in scope, focus, and applicability. Use our platform to explore the exact control-to-control mappings.
Do I need both IRM Enterprise Risk Management Framework (Institute of Risk Management) and PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR)?
Whether you need both depends on your industry, regulatory requirements, and customer expectations. Many organizations implement multiple frameworks simultaneously. Our compliance platform helps you map controls between IRM Enterprise Risk Management Framework (Institute of Risk Management) and PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR) so you can identify shared requirements and avoid duplicate effort.
How do IRM Enterprise Risk Management Framework (Institute of Risk Management) and PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR) controls map to each other?
Our platform maps controls between IRM Enterprise Risk Management Framework (Institute of Risk Management) and PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR) at a granular level. Each mapping shows whether controls are fully aligned, partially aligned, or represent gaps. This helps you prioritize implementation when pursuing both frameworks.
Which framework should I implement first, IRM Enterprise Risk Management Framework (Institute of Risk Management) or PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR)?
The best starting point depends on your specific regulatory requirements, industry, and customer demands. Consider which framework is most urgently required by your stakeholders or regulators. Use our free compliance platform to run a gap analysis and determine the optimal implementation sequence.
Each framework on its own
Comparisons people read next
Each of these compares one of the two standards above against another it shares controls with.
IRM Enterprise Risk Management Framework (Institute of Risk Management) vs Vermont Artificial Intelligence and Consumer Data Act (AICDA)2 shared controlsIRM Enterprise Risk Management Framework (Institute of Risk Management) vs US Gramm-Leach-Bliley Act (GLBA) - Higher Education Safeguards Rule2 shared controlsIRM Enterprise Risk Management Framework (Institute of Risk Management) vs UK Defence Standard 05-138 - Cyber Security for Defence Suppliers2 shared controlsPCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR) vs NIST SP 800-82 Revision 3: Guide to Industrial Control Systems (ICS) Security4 shared controlsPCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR) vs NIST SP 800-171A Rev 3 - Assessing CUI Security Requirements4 shared controlsPCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR) vs FATF Recommendation 16 - Virtual Asset Travel Rule4 shared controls
See all control mappings with interactive gap analysis
Explore the complete mapping between IRM Enterprise Risk Management Framework (Institute of Risk Management) and PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR) on our compliance platform.
Written and maintained by Gerard Blokdyk, The Art of Service.