Risk Control of Manufacturing Enterprise Short-term Financial Investment Based on COSO-ERM and Industry 4.0

Abstract

In this paper, firstly, the risk management and control process of related enterprises after COSO-ERM framework is introduced and the risk assessment and control methods of related investment strategies are introduced emphatically by studying the short-term financial investment business of manufacturing enterprises.Then, the risk probability method for measuring the risk size and the possibility of achieving the expected goals is introduced. Next, the differences between the risk curve and the risk probability curve are further compared. Finally, in Industry 4.0, it is concluded that the introduction of COSO-ERM framework into manufacturing enterprise risk management will not only help to grasp the implementation of enterprise strategic objectives through effective internal control, but also help to effectively assess the risks of strategic objectives and the possibility of achieving strategic objectives.