Which Component of the COSO Enterprise Risk Management Integrated Framework

question 51

Multiple Choice

Which component of the COSO Enterprise Risk Management Integrated Framework is concerned with understanding how transactions are initiated,data are captured and processed,and information is reported?

• A)Information and communication.
• B)Internal environment.
• C)Event identification.
• D)Objective setting.

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Definitions:

Ultimate Attribution Error

The tendency to internally attribute behaviors of individuals in an outgroup to their character while attributing in-group members' behaviors to external situational factors.

Ingroup Success

The achievements or positive outcomes attained by one's own group, leading to a sense of collective pride and unity.

Natural Disposition

The inherent characteristics, traits, or tendencies that an individual naturally possesses.

Male Instructors

Refers to teachers or educators who identify as male and play a role in the academic or skill development of students.