Which of the Following Is TRUE Regarding the Enterprise Risk

question 12

Multiple Choice

Which of the following is TRUE regarding the Enterprise Risk Management (ERM) framework?

• A) The ERM framework replaces the COSO internal control framework.
• B) Proper identification of risk can help management properly allocate resources.
• C) The COSO requested the assistance of Ernst and Young for development of the ERM.
• D) All of the above are true statements regarding ERM.

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Definitions:

Voice

In organizational context, the ability of employees to express opinions, concerns, or to suggest improvements without fear of retaliation.

Ethical Standards

Set of principles that guide moral conduct and decision-making in personal and professional contexts, often reflecting values such as honesty, integrity, and fairness.

Voluntary Turnover

The act of employees leaving an organization by their own choice, as opposed to being dismissed or terminated by the employer.

Facility Closed

The process or state of shutting down operations and ceasing activities in a particular building or location.