The Enterprise Risk Management (ERM)framework Is Based on the 1992

question 69

Multiple Choice

The Enterprise Risk Management (ERM) framework is based on the 1992 COSO report and adds three additional components for an effective internal control system.Which of the following is not one of those three?

• A)Objective setting
• B)Event identification
• C)Control assessment
• D)Risk response

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Definitions:

Chemical Analyses

The process of examining materials by various techniques to determine their chemical composition.

Alteration Minerals

Minerals that form as a result of chemical changes in rocks, often due to hydrothermal fluid activity.

Iron Ore

A natural mineral or rock from which iron can be profitably extracted, typically rich in iron oxides.

Caldera

A large volcanic crater typically formed by a major eruption leading to the collapse of the mouth of the volcano.