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

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Definitions:

Somatic Hallucinations

Hallucinations involving the perception of physical sensations that have no physical cause.

Inside the Body

Pertaining to or occurring within the physical structure of an organism, including its organs and processes.

Electric-shock Sensations

Sudden, sharp surges of pain or feeling of receiving an electric shock, which can be a symptom of neurological disorders or withdrawal from certain medications.

Positive Symptoms

In psychiatry, these symptoms include active manifestations such as hallucinations and delusions, often found in conditions like schizophrenia.