The COSO Enterprise Risk Management Framework Includes Eight Components

question 86

Multiple Choice

The COSO Enterprise Risk Management Framework includes eight components.Which of the following is not one of them?

• A) control environment
• B) risk assessment
• C) compliance with federal, state, or local laws
• D) monitoring

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Definitions:

Make

The decision process involved in determining whether to produce an item internally or buy it from an external supplier.

Buy

The action of acquiring ownership or the right to use a product or service through payment or exchange.

Environmental-Change Strategies

Approaches and methods adopted by organizations or individuals to adapt to or mitigate the effects of changes in the environment, aiming for sustainability and reduced ecological impact.

Governmental Regulations

Laws and rules established by governments to regulate behaviors, activities, and standards in various industries and society at large.