Which Component of the COSO Enterprise Risk Management Integrated Framework

question 31

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:

Power

The ability or capacity to influence others' behavior or the course of events, often discussed in the context of politics, social relationships, or organizational dynamics, and can be derived from various sources such as position, wealth, knowledge, or social connections.

Majority Leader

The chief spokesperson of the majority party in a legislative body, responsible for coordinating and managing its legislative agenda.

Majority Whip

A legislative position within some political systems responsible for coordinating party votes and ensuring party discipline.

Legislature

A governmental body with the authority to make, amend, and repeal laws in a country or state.