Which of the Following Is Not a Component of the COSO

question 12

Multiple Choice

Which of the following is not a component of the COSO Enterprise Risk Management Integrated Framework (ERM) ?

• A)Monitoring.
• B)Ethical culture.
• C)Risk assessment.
• D)Control environment.

---

Definitions:

Skewed Distributions

Probability distributions where the values are not symmetrically distributed around the mean, indicating a deviation from the normal distribution.

T Procedures

Statistical methods that involve the use of the t-distribution, commonly used for hypothesis testing or estimating the mean of a population when the sample size is small and the population standard deviation is unknown.

Sample Size

The number of observations or items selected from a population to form a sample for the purpose of statistical analysis.

Standard Errors

The standard deviation of the sampling distribution of a statistic, often used to measure the precision of sample estimates.