In the COSO Enterprise Risk Management Framework, an Organization's Overall

question 26

Multiple Choice

In the COSO enterprise risk management framework, an organization's overall tone relates most closely to:

• A)Internal environment
• B)Objective setting
• C)Event identification
• D)Monitoring

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Definitions:

2010

A specific year notable for various global events, such as the Affordable Care Act becoming law in the United States and the Haiti earthquake.

Revenue Agency

A government body responsible for collecting taxes and other revenues that fund government operations and services.

Iron Triangle

A phrase that characterizes the decision-making interaction between the committees of Congress, the administrative agencies, and the groups representing various interests.

Transparent Government

A governance principle that emphasizes openness, accountability, and honesty in the administration of power.