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:

Beaver Wars

Conflicts in the 17th century involving the Iroquois fighting other Native American tribes and European settlers for control of the fur trade in Eastern North America.

Huron Captivities

Refers to the period during which members of the Huron tribe were captured or enslaved by other groups, often in the context of colonial or inter-tribal conflicts in North America.

Great Lakes Wars

Historical conflicts involving various Native American tribes, European settlers, and later the United States and Canada, centered around the control and use of the Great Lakes region.

Conflicts and Crises

Situations of discord arising from opposing interests, values, beliefs, or actions, leading to confrontations or significant disruptions requiring management or resolution.