COSO Has Published Integrated Frameworks for Both Internal Control and for Enterprise

question 71

Multiple Choice

COSO has published integrated frameworks for both internal control and for enterprise risk management.Which of the following statements about the frameworks is most true?

• A)The internal control framework is more useful than the enterprise risk management framework.
• B)The enterprise risk management framework is more useful than the internal control framework.
• C)Management attitudes are an element of both frameworks.
• D)Both frameworks are required by the SEC.

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Definitions:

Academic Success

Academic success is achieving desired outcomes and goals in educational settings, often measured by grades, completion of degrees, or other academic achievements.

Career Success

The achievement of desired job-related outcomes, at any point in an individual's work life, often measured through advancement, recognition, and satisfaction.

Personality Traits

Enduring characteristics that describe an individual's behavior in various situations, such as openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Behavior Patterns

Repetitive actions or habits that are characteristic of a person or group.