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:

Length Measurements

The determination of the extent of something from end to end, typically in units such as meters, inches, or miles.

Significant Figures

The number of digits in a value, counting from the first non-zero number, that are used to express the precision of measurements and calculations.

Significant Figures

The numbers of meaningful digits used to express a value accurately, reflecting its precision.