Which of the Below Is Not a Component of the COSO

question 75

Multiple Choice

Which of the below is not a component of the COSO ERM?

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

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Definitions:

Subsidies

Financial support or incentives provided by the government to businesses, industries, or individuals, aimed at reducing the cost of services or commodities, or supporting economic activities.

Majority Rule

A decision-making principle where the options receiving more than half of the votes are chosen or implemented.

Elected Officials

Individuals who have been chosen through a democratic voting process to hold public office and make governmental decisions.

Political Support

Political Support encompasses the backing or endorsement by individuals, groups, or entities for political parties, policies, or candidates.