According to the COSO Enterprise Risk Management Framework,the Risk Assessment

question 84

Multiple Choice

According to the COSO Enterprise Risk Management Framework,the risk assessment process incorporates all of the following components except

• A)reporting potential risks to auditors.
• B)identifying events that could impact the enterprise.
• C)evaluating the impact of potential events on achievement of objectives.
• D)establishing objectives for the enterprise.

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Definitions:

Compete

The act of striving against others for the purpose of achieving dominance, superiority, or an award.

Coevolve

The process by which two or more species reciprocally affect each other's evolution through natural selection.

Mutualistic

A type of symbiotic relationship where both organisms involved derive benefit from the association.

Indicator Species

Species whose presence and abundance in a community provide information about conditions in the community.