The Enterprise Risk Management (ERM)framework in the 2004 COSO Report

question 39

Multiple Choice

The Enterprise Risk Management (ERM) framework in the 2004 COSO Report was based on the 1992 COSO report and adds three additional components for an effective internal control system.Which of the following is not one of those three?

• A)Objective setting
• B)Event identification
• C)Control assessment
• D)Risk response

---

Definitions:

Cooperative

A principle or a way of engagement that involves working together towards a common goal or mutual benefit.

Aggressive

Behaving or acting in a forceful, hostile, or determined way, often to dominate or injure others.

Adults

Individuals who have reached the age at which they are considered legally responsible for their actions and have attained full growth and development.

Educational Levels

The stages of formal learning, typically including primary, secondary, and tertiary education, along with further vocational or specialized training.