Explain How Brown's Risk Taxonomy, Discussed in the Chapter on Internal

question 50

Essay

Explain how Brown's risk taxonomy, discussed in the chapter on internal control, relates to COSO's enterprise risk management framework.You do not need to list the elements of Brown's taxonomy.

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Definitions:

Dividend Growth Rate

The annual percentage rate at which a company's dividend payments to shareholders increase.

Required Return

The minimum rate of return an investor expects to achieve from an investment to compensate for its risk.

Dividend Yield

A benchmark in finance that compares the annual dividend output of a company with its stock price.

Annual Dividend

The total amount of dividends a company pays to its shareholders in a given fiscal year.